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2024-02-29
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No description of principal activities is disclosed
2023-03-01
Sage Accounts Production 23.0 - FRS102_2023
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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
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2023-03-01
2024-02-29
08422882
bus:AuditExemptWithAccountantsReport
2023-03-01
2024-02-29
08422882
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2023-03-01
2024-02-29
08422882
bus:PrivateLimitedCompanyLtd
2023-03-01
2024-02-29
08422882
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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
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Directors |
R Lampkin |
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J C Lampkin |
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Company number |
08422882 |
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Registered office |
22a Tarran Way North |
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Moreton |
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Wirral |
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CH46 4UA |
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Business address |
22a Tarran Way North |
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Moreton |
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Wirral |
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CH46 4UA |
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Accountant |
Hailwood & Co. |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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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 |
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
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|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
7,852 |
|
|
|
10,086 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
7,852 |
|
|
|
10,086 |
|
|
|
|
|
|
|
|
|
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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 |
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|
Creditors: amounts falling due |
|
|
|
|
|
|
|
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|
within one year |
|
7 |
(
71,424) |
|
|
|
(
95,135) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
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|
|
7,107 |
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|
23,173 |
|
|
|
|
|
_______ |
|
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|
_______ |
Total assets less current liabilities |
|
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|
|
14,959 |
|
|
|
33,259 |
|
|
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|
|
|
|
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Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
5,213) |
|
|
|
(
9,352) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
9,746 |
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|
|
23,907 |
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|
|
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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|
10 |
Profit and loss account |
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|
9,736 |
|
|
|
23,897 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
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|
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9,746 |
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|
|
23,907 |
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|
|
|
|
_______ |
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_______ |
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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 |
|
|
|
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|
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 |
|
|
|
|
|
|
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|
At 1 March 2023 and 29 February 2024 |
2,188 |
16,233 |
3,400 |
8,150
|
29,971 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
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Depreciation |
|
|
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|
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|
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 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
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|
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.