Silverfin false false 30/09/2023 01/10/2022 30/09/2023 C J Moore 01/01/2004 I C Moore 01/01/2004 28 March 2024 The principal activity of the Company during the financial year was. the manufacture of prepared artificial fishing baits for leisure angling, trade and direct supply there of to domestic UK and export markets. 00611652 2023-09-30 00611652 bus:Director1 2023-09-30 00611652 bus:Director2 2023-09-30 00611652 2022-09-30 00611652 core:CurrentFinancialInstruments 2023-09-30 00611652 core:CurrentFinancialInstruments 2022-09-30 00611652 core:Non-currentFinancialInstruments 2023-09-30 00611652 core:Non-currentFinancialInstruments 2022-09-30 00611652 core:ShareCapital 2023-09-30 00611652 core:ShareCapital 2022-09-30 00611652 core:CapitalRedemptionReserve 2023-09-30 00611652 core:CapitalRedemptionReserve 2022-09-30 00611652 core:RetainedEarningsAccumulatedLosses 2023-09-30 00611652 core:RetainedEarningsAccumulatedLosses 2022-09-30 00611652 core:OtherResidualIntangibleAssets 2022-09-30 00611652 core:OtherResidualIntangibleAssets 2023-09-30 00611652 core:LandBuildings 2022-09-30 00611652 core:LeaseholdImprovements 2022-09-30 00611652 core:PlantMachinery 2022-09-30 00611652 core:Vehicles 2022-09-30 00611652 core:FurnitureFittings 2022-09-30 00611652 core:ComputerEquipment 2022-09-30 00611652 core:LandBuildings 2023-09-30 00611652 core:LeaseholdImprovements 2023-09-30 00611652 core:PlantMachinery 2023-09-30 00611652 core:Vehicles 2023-09-30 00611652 core:FurnitureFittings 2023-09-30 00611652 core:ComputerEquipment 2023-09-30 00611652 core:CurrentFinancialInstruments core:Secured 2023-09-30 00611652 core:WithinOneYear 2023-09-30 00611652 core:WithinOneYear 2022-09-30 00611652 core:BetweenOneFiveYears 2023-09-30 00611652 core:BetweenOneFiveYears 2022-09-30 00611652 2022-10-01 2023-09-30 00611652 bus:FilletedAccounts 2022-10-01 2023-09-30 00611652 bus:SmallEntities 2022-10-01 2023-09-30 00611652 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 00611652 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00611652 bus:Director1 2022-10-01 2023-09-30 00611652 bus:Director2 2022-10-01 2023-09-30 00611652 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-10-01 2023-09-30 00611652 core:LandBuildings 2022-10-01 2023-09-30 00611652 core:LeaseholdImprovements 2022-10-01 2023-09-30 00611652 core:PlantMachinery 2022-10-01 2023-09-30 00611652 core:Vehicles 2022-10-01 2023-09-30 00611652 core:FurnitureFittings 2022-10-01 2023-09-30 00611652 core:ComputerEquipment core:TopRangeValue 2022-10-01 2023-09-30 00611652 2021-10-01 2022-09-30 00611652 core:OtherResidualIntangibleAssets 2022-10-01 2023-09-30 00611652 core:ComputerEquipment 2022-10-01 2023-09-30 00611652 core:Non-currentFinancialInstruments 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 00611652 (England and Wales)

C.C. MOORE & CO LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

C.C. MOORE & CO LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

C.C. MOORE & CO LIMITED

BALANCE SHEET

As at 30 September 2023
C.C. MOORE & CO LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 0 6,182
Tangible assets 4 684,351 578,704
684,351 584,886
Current assets
Stocks 5 751,525 773,474
Debtors 6 275,793 308,005
Cash at bank and in hand 381,210 475,681
1,408,528 1,557,160
Creditors: amounts falling due within one year 7 ( 447,915) ( 488,896)
Net current assets 960,613 1,068,264
Total assets less current liabilities 1,644,964 1,653,150
Creditors: amounts falling due after more than one year 8 ( 302,953) ( 224,252)
Provision for liabilities ( 87,272) ( 65,333)
Net assets 1,254,739 1,363,565
Capital and reserves
Called-up share capital 15,500 15,500
Capital redemption reserve 15,500 15,500
Profit and loss account 1,223,739 1,332,565
Total shareholders' funds 1,254,739 1,363,565

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C.C. Moore & Co Limited (registered number: 00611652) were approved and authorised for issue by the Board of Directors on 28 March 2024. They were signed on its behalf by:

C J Moore
Director
C.C. MOORE & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
C.C. MOORE & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.C. Moore & Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 9 Gibbs Marsh Farm, Stalbridge, Sturminster Newton, DT10 2RU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Leasehold improvements 10 % reducing balance
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 36 37

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2022 235,635 235,635
At 30 September 2023 235,635 235,635
Accumulated amortisation
At 01 October 2022 229,453 229,453
Charge for the financial year 6,182 6,182
At 30 September 2023 235,635 235,635
Net book value
At 30 September 2023 0 0
At 30 September 2022 6,182 6,182

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £ £
Cost
At 01 October 2022 15,815 488,839 1,052,297 63,397 51,717 143,924 1,815,989
Additions 0 0 213,241 0 6,247 1,913 221,401
At 30 September 2023 15,815 488,839 1,265,538 63,397 57,964 145,837 2,037,390
Accumulated depreciation
At 01 October 2022 15,815 367,529 669,795 51,066 0 133,080 1,237,285
Charge for the financial year 0 12,315 87,540 3,083 7,808 5,008 115,754
At 30 September 2023 15,815 379,844 757,335 54,149 7,808 138,088 1,353,039
Net book value
At 30 September 2023 0 108,995 508,203 9,248 50,156 7,749 684,351
At 30 September 2022 0 121,310 382,502 12,331 51,717 10,844 578,704

5. Stocks

2023 2022
£ £
Stocks 751,525 773,474

6. Debtors

2023 2022
£ £
Trade debtors 141,998 72,797
Other debtors 133,795 235,208
275,793 308,005

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 40,000 43,000
Trade creditors 198,707 271,327
Other taxation and social security 114,174 66,804
Obligations under finance leases and hire purchase contracts 31,412 0
Other creditors 63,622 107,765
447,915 488,896

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 185,833 224,252
Obligations under finance leases and hire purchase contracts 117,120 0
302,953 224,252

The bank loan is secured by way of a fixed and floating charge dated 17 December 2013 over properties and assets of the company.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 105,287 90,803
between one and five years 106,223 100,486
211,510 191,289