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REGISTERED NUMBER: 05958407 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MOODY INTERNATIONAL REFRIGERATION
LIMITED

MOODY INTERNATIONAL REFRIGERATION
LIMITED (REGISTERED NUMBER: 05958407)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MOODY INTERNATIONAL REFRIGERATION
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: M D Moody
Ms A P Allen





REGISTERED OFFICE: Estate Road No 5
South Humberside Industrial Estate
Grimsby
DN31 2TG





REGISTERED NUMBER: 05958407 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

MOODY INTERNATIONAL REFRIGERATION
LIMITED (REGISTERED NUMBER: 05958407)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,133 51,071

CURRENT ASSETS
Stocks 1,407,180 924,603
Debtors 189,331 531,379
Cash at bank 1,723,802 2,424,118
3,320,313 3,880,100
CREDITORS
Amounts falling due within one year 357,799 1,011,060
NET CURRENT ASSETS 2,962,514 2,869,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,015,647

2,920,111

PROVISIONS FOR LIABILITIES 13,280 9,502
NET ASSETS 3,002,367 2,910,609

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 2 2
Profit and loss account 3,002,365 2,910,607
SHAREHOLDERS' FUNDS 3,002,367 2,910,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed on its behalf by:



M D Moody - Director


MOODY INTERNATIONAL REFRIGERATION
LIMITED (REGISTERED NUMBER: 05958407)

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


1. STATUTORY INFORMATION

Moody International Refrigeration 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.

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


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.
Vehicle workshop - 10% Straight Line
Plant & equipment - 15% Reducing Balance
Office equipment - 20% Reducing Balance
Motor vehicles - 20% Reducing Balance
Computer equipment - 33.33% Straight Line

Stocks
Stocks are stated at the lower of cost and estimated selling price, 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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

MOODY INTERNATIONAL REFRIGERATION
LIMITED (REGISTERED NUMBER: 05958407)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 195,856
Additions 15,550
Disposals (8,670 )
At 31 October 2023 202,736
DEPRECIATION
At 1 November 2022 144,785
Charge for year 9,858
Eliminated on disposal (5,040 )
At 31 October 2023 149,603
NET BOOK VALUE
At 31 October 2023 53,133
At 31 October 2022 51,071