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REGISTERED NUMBER: 00956334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

D. W. Moore & Co Limited

D. W. Moore & Co Limited (Registered number: 00956334)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


D. W. Moore & Co Limited (Registered number: 00956334)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 9,963 16,868
Investment property 7 306,000 306,000
315,963 322,868

Current assets
Debtors 8 52,017 99,483
Cash at bank 147,744 164,073
199,761 263,556
Creditors
Amounts falling due within one year 9 (51,299 ) (151,507 )
Net current assets 148,462 112,049
Total assets less current liabilities 464,425 434,917

Provisions for liabilities (49,980 ) (50,630 )
Net assets 414,445 384,287

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 10 404,445 374,287
414,445 384,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

D. W. Moore & Co Limited (Registered number: 00956334)

Balance Sheet - continued
31 May 2024


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 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 9 August 2024 and were signed on its behalf by:





Mr D W Moore - Director


D. W. Moore & Co Limited (Registered number: 00956334)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

D. W. Moore & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00956334

Registered office: 13 Fish Hill
Holt
Norfolk
NR25 6HN

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant effect upon the figures reported in the financial statements are in respect of the rates applied for depreciation and in respect of the directors' year-end valuation of the investment property.

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

Revenue is recognised at the point of insurance policy inception or renewal.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1985, is being amortised evenly over its estimated useful life of sixteen 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.

D. W. Moore & Co Limited (Registered number: 00956334)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

Tangible fixed assets are initially measured at cost and subsequently recorded at cost less any accumulated depreciation or impairment losses.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


D. W. Moore & Co Limited (Registered number: 00956334)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. Accounting policies - continued
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.

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.

De-recognition of client money
Client money (risk transfer) and amounts due to/from insurance clients and insurers are excluded from the financial statements. Insurers money held at 31 May 2024 amounted to £143,945 (2023: £156,490).

4. Employees and directors

The average number of employees during the year was 6 (2023 - 5 ) .

5. Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023
and 31 May 2024 26,000
Amortisation
At 1 June 2023
and 31 May 2024 26,000
Net book value
At 31 May 2024 -
At 31 May 2023 -

D. W. Moore & Co Limited (Registered number: 00956334)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 June 2023 25,697 55,175 80,872
Additions 711 - 711
At 31 May 2024 26,408 55,175 81,583
Depreciation
At 1 June 2023 16,226 47,778 64,004
Charge for year 5,768 1,848 7,616
At 31 May 2024 21,994 49,626 71,620
Net book value
At 31 May 2024 4,414 5,549 9,963
At 31 May 2023 9,471 7,397 16,868

7. Investment property
Total
£
Fair value
At 1 June 2023
and 31 May 2024 306,000
Net book value
At 31 May 2024 306,000
At 31 May 2023 306,000

Fair value at 31 May 2024 is represented by:
£
Valuation in 2016 273,167
Cost 32,833
306,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£ £
Cost 32,833 32,833
Aggregate depreciation (14,136 ) (13,808 )

D. W. Moore & Co Limited (Registered number: 00956334)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. Debtors: amounts falling due within one year
31.5.24 31.5.23
£ £
Trade debtors 8,269 19,437
Other debtors 43,748 80,046
52,017 99,483

9. Creditors: amounts falling due within one year
31.5.24 31.5.23
£ £
Taxation and social security 45,181 27,405
Other creditors 6,118 124,102
51,299 151,507

10. Reserves
Retained
earnings
£

At 1 June 2023 374,287
Profit for the year 126,266
Dividends (96,108 )
At 31 May 2024 404,445

The Profit and Loss reserve records retained earnings and accumulated losses, including fair value adjustments arising in respect of the company's investment property. As at the Balance Sheet date, the non-distributable element of the retained Profit and Loss Account amounted to £234,043 (2023: £234,043).

11. Directors' advances, credits and guarantees

The company paid rent to a director during the year totalling £14,200 (2023: £7,200).