Moorhead Ltd 14748542 false 2023-03-22 2024-03-31 2024-03-31 The principal activity of the company is General Medical practice Digita Accounts Production Advanced 6.30.9574.0 true true 14748542 2023-03-22 2024-03-31 14748542 2024-03-31 14748542 bus:OrdinaryShareClass1 2024-03-31 14748542 bus:OrdinaryShareClass2 2024-03-31 14748542 core:CurrentFinancialInstruments 2024-03-31 14748542 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14748542 bus:SmallEntities 2023-03-22 2024-03-31 14748542 bus:AuditExemptWithAccountantsReport 2023-03-22 2024-03-31 14748542 bus:FilletedAccounts 2023-03-22 2024-03-31 14748542 bus:SmallCompaniesRegimeForAccounts 2023-03-22 2024-03-31 14748542 bus:RegisteredOffice 2023-03-22 2024-03-31 14748542 bus:Director1 2023-03-22 2024-03-31 14748542 bus:Director2 2023-03-22 2024-03-31 14748542 bus:OrdinaryShareClass1 2023-03-22 2024-03-31 14748542 bus:OrdinaryShareClass2 2023-03-22 2024-03-31 14748542 bus:PrivateLimitedCompanyLtd 2023-03-22 2024-03-31 14748542 countries:AllCountries 2023-03-22 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14748542

Moorhead Ltd

Unaudited Filleted Financial Statements

for the Period from 22 March 2023 to 31 March 2024

 

Moorhead Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Moorhead Ltd

Company Information

Directors

Mrs Katie Jemma Robinson

Mr Alexander Mark Robinson

Registered office

Moorhead Barn, Thornley Road
Chaigley, BB7 3LY
United Kingdom
Chaigley
BB7 3LY

Accountants

McGinty Demack Limited
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF

 

Moorhead Ltd

(Registration number: 14748542)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

4,000

Cash at bank and in hand

 

29,457

 

33,457

Creditors: Amounts falling due within one year

5

(17,333)

Net assets

 

16,124

Capital and reserves

 

Called up share capital

6

20

Retained earnings

16,104

Shareholders' funds

 

16,124

For the financial period ending 31 March 2024 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 period 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2024 and signed on its behalf by:
 

 

Moorhead Ltd

(Registration number: 14748542)
Balance Sheet as at 31 March 2024

.........................................
Mrs Katie Jemma Robinson
Director

.........................................
Mr Alexander Mark Robinson
Director

 

Moorhead Ltd

Notes to the Unaudited Financial Statements for the Period from 22 March 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
Moorhead Barn, Thornley Road
Chaigley, BB7 3LY
United Kingdom
Chaigley
BB7 3LY

These financial statements were authorised for issue by the Board on 11 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Moorhead Ltd

Notes to the Unaudited Financial Statements for the Period from 22 March 2023 to 31 March 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Moorhead Ltd

Notes to the Unaudited Financial Statements for the Period from 22 March 2023 to 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current

2024
£

Trade debtors

4,000

 

4,000

 

Moorhead Ltd

Notes to the Unaudited Financial Statements for the Period from 22 March 2023 to 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

16,123

Accruals and deferred income

918

Other creditors

292

17,333

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary A Shares of £1 each

10

10

Ordinary B Shares of £1 each

10

10

20

20

7

Transition to FRS 102

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

Moorhead Ltd

Notes to the Unaudited Financial Statements for the Period from 22 March 2023 to 31 March 2024

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-