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REGISTERED NUMBER: 10763243 (England and Wales)














Clem Moulis Agricultural Services Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Clem Moulis Agricultural Services Ltd

Company Information
for the Year Ended 31 May 2023







Directors: Mrs D L Moulis
Mr C A L Moulis





Secretary: Mrs D L Moulis





Registered office: Whitehouse Farm
Marsh Road
Lutton Marsh
Spalding
Lincolnshire
PE12 9NP





Registered number: 10763243 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Clem Moulis Agricultural Services Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clem Moulis Agricultural Services Ltd for the year ended 31 May 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clem Moulis Agricultural Services Ltd, as a body, in accordance with the terms of our engagement letter dated 2 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Clem Moulis Agricultural Services Ltd and state those matters that we have agreed to state to the Board of Directors of Clem Moulis Agricultural Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clem Moulis Agricultural Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clem Moulis Agricultural Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clem Moulis Agricultural Services Ltd. You consider that Clem Moulis Agricultural Services Ltd 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 financial statements of Clem Moulis Agricultural Services Ltd. 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 financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


6 February 2024

Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 3,153 4,204

Current assets
Stocks 30,000 22,000
Debtors 6 29,182 40,616
Cash at bank 15,117 2,640
74,299 65,256
Creditors
Amounts falling due within one year 7 46,969 48,540
Net current assets 27,330 16,716
Total assets less current liabilities 30,483 20,920

Creditors
Amounts falling due after more than one
year

8

14,968

20,901
Net assets 15,515 19

Capital and reserves
Called up share capital 9 1 1
Retained earnings 15,514 18
Shareholders' funds 15,515 19

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:




Mr C A L Moulis - Director



Mrs D L Moulis - Director


Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. Statutory information

Clem Moulis Agricultural Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery- 25% reducing balance
Fixtures and fittings- 25% reducing balance
Motor vehicles- 25% reducing balance
Computer equipment- 3 years straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. Accounting policies - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 June 2022
and 31 May 2023 4,850 310 1,500 561 7,221
Depreciation
At 1 June 2022 1,273 39 1,144 561 3,017
Charge for year 894 68 89 - 1,051
At 31 May 2023 2,167 107 1,233 561 4,068
Net book value
At 31 May 2023 2,683 203 267 - 3,153
At 31 May 2022 3,577 271 356 - 4,204

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 29,182 40,616

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,933 5,787
Trade creditors 12,875 21,112
Corporation tax 13,066 4,395
VAT 12,464 15,116
Directors' current accounts 451 120
Accruals and deferred income 2,180 2,010
46,969 48,540

The total included in bank loans and overdrafts is a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 14,968 20,901

The total included in bank loans and overdrafts is a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

Clem Moulis Agricultural Services Ltd (Registered number: 10763243)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1