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REGISTERED NUMBER: 09261888 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MOOR TO SEA SERVICES (SW) LIMITED

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOOR TO SEA SERVICES (SW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J R Wells
L M Wells
R J Wells





REGISTERED OFFICE: Unit 7E
Pool Industrial Estate
Druids Road
Redruth
Cornwall
TR15 3RH





REGISTERED NUMBER: 09261888 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 152,164 108,483
152,164 108,483

CURRENT ASSETS
Stocks 51,578 48,054
Debtors 6 93,277 84,411
Cash at bank and in hand 103,645 131,165
248,500 263,630
CREDITORS
Amounts falling due within one year 7 177,370 191,275
NET CURRENT ASSETS 71,130 72,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,294

180,838

CREDITORS
Amounts falling due after more than one
year

8

(64,189

)

(13,898

)

PROVISIONS FOR LIABILITIES (21,246 ) -
NET ASSETS 137,859 166,940

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 137,559 166,640
SHAREHOLDERS' FUNDS 137,859 166,940

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.

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





R J Wells - Director


MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

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

1. STATUTORY INFORMATION

Moor to Sea Services (SW) 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.

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 to turnover upon completion of services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

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

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.

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 120,000
AMORTISATION
At 1 January 2023
and 31 December 2023 120,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 236,062
Additions 123,478
Disposals (107,021 )
At 31 December 2023 252,519
DEPRECIATION
At 1 January 2023 127,579
Charge for year 38,042
Eliminated on disposal (65,266 )
At 31 December 2023 100,355
NET BOOK VALUE
At 31 December 2023 152,164
At 31 December 2022 108,483

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 61,108
Additions 105,579
Disposals (37,602 )
At 31 December 2023 129,085
DEPRECIATION
At 1 January 2023 23,052
Charge for year 24,877
Eliminated on disposal (18,350 )
At 31 December 2023 29,579
NET BOOK VALUE
At 31 December 2023 99,506
At 31 December 2022 38,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,080 74,085
Other debtors 6,197 10,326
93,277 84,411

MOOR TO SEA SERVICES (SW) LIMITED (REGISTERED NUMBER: 09261888)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,735 16,806
Trade creditors 32,686 40,646
Taxation and social security 43,383 57,458
Other creditors 88,566 76,365
177,370 191,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 64,189 13,898

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 76,924 30,704

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
J R Wells
Balance outstanding at start of year 5,827 -
Amounts advanced - 5,827
Amounts repaid (5,827 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,827

11. RELATED PARTY DISCLOSURES

At 31 December 2023, the Directors were owed £50,762 by the company.

At 31 December 2022, two Directors were owed £36,519 by the company, and one Director owed the company £5,827.

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr J Wells, Mr L Wells and Mr R Wells (directors) who together own 100% of the issued share capital.