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Registration number: 06989260

Moorcare Devon Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Moorcare Devon Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Moorcare Devon Limited

Company Information

Directors

Mrs I L McPhie-Janjanin

Mr M Janjanin

Company secretary

Mrs I L McPhie-Janjanin

Registered office

3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Moorcare Devon Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moorcare Devon Limited for the year ended 31 August 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Moorcare Devon Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moorcare Devon Limited and state those matters that we have agreed to state to the Board of Directors of Moorcare Devon Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moorcare Devon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Moorcare Devon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Moorcare Devon Limited. You consider that Moorcare Devon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Moorcare Devon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

25 March 2024

 

Moorcare Devon Limited

(Registration number: 06989260)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

52,244

10,103

Current assets

 

Debtors

6

113,822

23,544

Cash at bank and in hand

 

69,486

170,947

 

183,308

194,491

Creditors: Amounts falling due within one year

7

(78,609)

(111,928)

Net current assets

 

104,699

82,563

Total assets less current liabilities

 

156,943

92,666

Creditors: Amounts falling due after more than one year

7

(56,933)

(35,873)

Provisions for liabilities

(12,509)

(1,919)

Net assets

 

87,501

54,874

Capital and reserves

 

Called up share capital

100

100

Retained earnings

87,401

54,774

Shareholders' funds

 

87,501

54,874

 

Moorcare Devon Limited

(Registration number: 06989260)
Balance Sheet as at 31 August 2023

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 March 2024 and signed on its behalf by:
 

.........................................

Mrs I L McPhie-Janjanin

Company secretary and director

.........................................

Mr M Janjanin

Director

 

Moorcare Devon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP

These financial statements were authorised for issue by the Board on 25 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Moorcare Devon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Computer equipment

25% reducing balance

Plant and machinery

20% reducing balance

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2022 - 23).

 

Moorcare Devon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 September 2022

5,500

5,500

At 31 August 2023

5,500

5,500

Amortisation

At 1 September 2022

5,500

5,500

At 31 August 2023

5,500

5,500

Carrying amount

At 31 August 2023

-

-

5

Tangible assets

Computer Equipment
£

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 September 2022

8,356

10,040

6,522

24,918

Additions

935

41,285

5,181

47,401

Disposals

(890)

-

(1,311)

(2,201)

At 31 August 2023

8,401

51,325

10,392

70,118

Depreciation

At 1 September 2022

4,431

7,411

2,973

14,815

Charge for the year

1,001

2,378

944

4,323

Eliminated on disposal

(645)

-

(619)

(1,264)

At 31 August 2023

4,787

9,789

3,298

17,874

Carrying amount

At 31 August 2023

3,614

41,536

7,094

52,244

At 31 August 2022

3,925

2,629

3,549

10,103

 

Moorcare Devon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Debtors

2023
£

2022
£

Trade debtors

33,797

20,644

Prepayments

2,134

2,200

Other debtors

77,891

700

113,822

23,544

 

Moorcare Devon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

14,430

10,759

Taxation and social security

 

7,575

28,043

Accruals and deferred income

 

1,333

690

Other creditors

 

55,271

72,436

 

78,609

111,928

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

25,933

35,873

Hire purchase contracts

31,000

-

56,933

35,873

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,900

9,960

Bank overdrafts

-

799

HP liability 1 (under 1yr)

4,530

-

14,430

10,759

9

Related party transactions

The other creditor amounting to £55,510 includes amount due to director of £53,537 as on 31.08.2023.