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REGISTERED NUMBER: 00856175 (England and Wales)












R.L. MOULTON & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R.L. MOULTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Moulton
Mrs S Moulton
Mrs C Moulton





SECRETARY: Mrs C Moulton





REGISTERED OFFICE: 132 Highfield Road
Blackpool
Lancashire
FY4 2HH





REGISTERED NUMBER: 00856175 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,416 35,373
Tangible assets 5 517,888 533,595
Investment property 6 623,000 623,000
1,161,304 1,191,968

CURRENT ASSETS
Stocks 29,800 32,145
Debtors 95,940 89,467
Cash at bank and in hand 23,443 18,476
149,183 140,088
CREDITORS
Amounts falling due within one year 116,984 96,918
NET CURRENT ASSETS 32,199 43,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,503

1,235,138

CREDITORS
Amounts falling due after more than
one year

(19,910

)

(29,923

)

PROVISIONS FOR LIABILITIES (131,435 ) (132,506 )
NET ASSETS 1,042,158 1,072,709

R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,042,058 1,072,609
SHAREHOLDERS' FUNDS 1,042,158 1,072,709

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 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 December 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 Comprehensive Income has not been delivered.

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





Mrs C Moulton - Director


R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

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

1. STATUTORY INFORMATION

R.L. Moulton & Son 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 16.67% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 149,572
AMORTISATION
At 1 January 2023 114,199
Amortisation for year 14,957
At 31 December 2023 129,156
NET BOOK VALUE

At 31 December 2023 20,416
At 31 December 2022 35,373

R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 1,640,366
Additions 23,005
At 31 December 2023 1,663,371
DEPRECIATION
At 1 January 2023 1,106,771
Charge for year 38,712
At 31 December 2023 1,145,483
NET BOOK VALUE
At 31 December 2023 517,888
At 31 December 2022 533,595

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2003 379,548
Cost 1,283,823
1,663,371

Freehold land and buildings were valued on an open market basis basis on 31 December 2003 by Duxbury's Commercial .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 623,000
NET BOOK VALUE
At 31 December 2023 623,000
At 31 December 2022 623,000

R.L. MOULTON & SON LIMITED (REGISTERED NUMBER: 00856175)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2003 204,682
Valuation in 2014 10,094
Valuation in 2016 50,000
Valuation in 2022 129,000
Cost 229,224
623,000

Investment properties were valued on a fair value basis on 31 December 2022 by the directors .