4 01/03/2023 29/02/2024 2024-02-29 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08422882 2023-03-01 2024-02-29 08422882 2024-02-29 08422882 2023-02-28 08422882 2022-03-01 2023-02-28 08422882 2023-02-28 08422882 2022-02-28 08422882 core:PlantMachinery 2023-03-01 2024-02-29 08422882 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 08422882 core:MotorVehicles 2023-03-01 2024-02-29 08422882 core:OnerousContractsExcludingVacantProperties 2023-03-01 2024-02-29 08422882 bus:RegisteredOffice 2023-03-01 2024-02-29 08422882 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 08422882 bus:Director1 2023-03-01 2024-02-29 08422882 bus:Director2 2023-03-01 2024-02-29 08422882 core:PlantMachinery 2023-02-28 08422882 core:FurnitureFittingsToolsEquipment 2023-02-28 08422882 core:MotorVehicles 2023-02-28 08422882 core:PlantMachinery 2024-02-29 08422882 core:FurnitureFittingsToolsEquipment 2024-02-29 08422882 core:MotorVehicles 2024-02-29 08422882 core:WithinOneYear 2024-02-29 08422882 core:WithinOneYear 2023-02-28 08422882 core:AfterOneYear 2024-02-29 08422882 core:AfterOneYear 2023-02-28 08422882 core:ShareCapital 2024-02-29 08422882 core:ShareCapital 2023-02-28 08422882 core:RetainedEarningsAccumulatedLosses 2024-02-29 08422882 core:RetainedEarningsAccumulatedLosses 2023-02-28 08422882 core:PlantMachinery 2023-02-28 08422882 core:FurnitureFittingsToolsEquipment 2023-02-28 08422882 core:MotorVehicles 2023-02-28 08422882 bus:SmallEntities 2023-03-01 2024-02-29 08422882 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08422882 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08422882 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08422882 bus:FullAccounts 2023-03-01 2024-02-29
Company registration number: 08422882
Moreton Tiles Limited
Unaudited filleted financial statements
29 February 2024
Moreton Tiles Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Moreton Tiles Limited
Directors and other information
Directors R Lampkin
J C Lampkin
Company number 08422882
Registered office 22a Tarran Way North
Moreton
Wirral
CH46 4UA
Business address 22a Tarran Way North
Moreton
Wirral
CH46 4UA
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Moreton Tiles Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Moreton Tiles Limited
Period ended 29 February 2024
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 29 February 2024, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
26 June 2024
Moreton Tiles Limited
Statement of financial position
29 February 2024
29/02/24 28/02/23
Note £ £ £ £
Fixed assets
Tangible assets 5 7,852 10,086
_______ _______
7,852 10,086
Current assets
Stocks 9,242 5,332
Debtors 6 4,675 4,662
Cash at bank and in hand 64,614 108,314
_______ _______
78,531 118,308
Creditors: amounts falling due
within one year 7 ( 71,424) ( 95,135)
_______ _______
Net current assets 7,107 23,173
_______ _______
Total assets less current liabilities 14,959 33,259
Creditors: amounts falling due
after more than one year 8 ( 5,213) ( 9,352)
_______ _______
Net assets 9,746 23,907
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 9,736 23,897
_______ _______
Shareholder funds 9,746 23,907
_______ _______
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2024 , and are signed on behalf of the board by:
R Lampkin
Director
Company registration number: 08422882
Moreton Tiles Limited
Notes to the financial statements
Period ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 22a Tarran Way North, Moreton, Wirral, CH46 4UA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment - 25 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
Plant and machinery - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 4 (2023: 3 ).
5. Tangible assets
Computer equipment Fixtures, fittings and equipment Motor vehicles Plant and machinery Total
£ £ £ £ £
Cost
At 1 March 2023 and 29 February 2024 2,188 16,233 3,400 8,150 29,971
_______ _______ _______ _______ _______
Depreciation
At 1 March 2023 1,897 10,472 2,796 4,720 19,885
Charge for the year 73 1,152 151 858 2,234
_______ _______ _______ _______ _______
At 29 February 2024 1,970 11,624 2,947 5,578 22,119
_______ _______ _______ _______ _______
Carrying amount
At 29 February 2024 218 4,609 453 2,572 7,852
_______ _______ _______ _______ _______
At 28 February 2023 291 5,761 604 3,430 10,086
_______ _______ _______ _______ _______
6. Debtors
29/02/24 28/02/23
£ £
Trade debtors 4,189 3,027
Other debtors 486 1,635
_______ _______
4,675 4,662
_______ _______
7. Creditors: amounts falling due within one year
29/02/24 28/02/23
£ £
Bank loans and overdrafts 4,014 3,925
Trade creditors 50,731 40,924
Corporation tax 6,585 10,932
Social security and other taxes 3,271 3,036
Other creditors 6,823 36,318
_______ _______
71,424 95,135
_______ _______
8. Creditors: amounts falling due after more than one year
29/02/24 28/02/23
£ £
Bank loans and overdrafts 5,213 9,352
_______ _______
9. Controlling party
The company is controlled by the directors whose names are shown on the directors report.
10. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.