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REGISTERED NUMBER: 10509692 (England and Wales)














MARTIN MOATE BESPOKE JOINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MARTIN MOATE BESPOKE JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M R Moate





REGISTERED OFFICE: Moate House
27 Kirkwood Avenue
Woodchurch
Ashford
Kent
TN26 3SE





REGISTERED NUMBER: 10509692 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,970 31,991

CURRENT ASSETS
Stocks 1,500 4,000
Debtors 5 256,861 4,783
Cash at bank 72,818 208,158
331,179 216,941
CREDITORS
Amounts falling due within one year 6 90,246 40,946
NET CURRENT ASSETS 240,933 175,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,903

207,986

CREDITORS
Amounts falling due after more than
one year

7

(2,648

)

(6,620

)

PROVISIONS FOR LIABILITIES (8,978 ) (7,370 )
NET ASSETS 267,277 193,996

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 9,493 9,493
Retained earnings 257,684 184,403
SHAREHOLDERS' FUNDS 267,277 193,996

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

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

The director acknowledges his 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.

MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:





M R Moate - Director


MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Martin Moate Bespoke Joinery Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 32,524 28,825 1,223 62,572
Additions 18,982 - - 18,982
At 31 December 2023 51,506 28,825 1,223 81,554
DEPRECIATION
At 1 January 2023 17,092 12,611 878 30,581
Charge for year 8,604 4,054 345 13,003
At 31 December 2023 25,696 16,665 1,223 43,584
NET BOOK VALUE
At 31 December 2023 25,810 12,160 - 37,970
At 31 December 2022 15,432 16,214 345 31,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 256,861 4,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,972 3,972
Trade creditors 575 1,450
Taxation and social security 45,377 31,275
Other creditors 40,322 4,249
90,246 40,946

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,648 6,620

MARTIN MOATE BESPOKE JOINERY LIMITED (REGISTERED NUMBER: 10509692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

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

Martin Moate Bespoke Joinery Limited remains fully owned by Mr M R Moate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M R Moate
Balance outstanding at start of year 619 (960 )
Amounts advanced - 1,608
Amounts repaid (37,500 ) (29 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,881 ) 619

The loan from the director is interest free and fully repayable.

On 23 November 2022 Barclays Bank registered a debenture against the company's assets in respect of a loan it intended to make to the company.

10. RELATED PARTY DISCLOSURES

Included within other debtors is a loan of £255,731 (2022: NIL) to M. Moate Properties Limited, an associated company owned and controlled fully by Mr M R Moate. The loan is interest free and repayable on demand.