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REGISTERED NUMBER: 13288996 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOAT CONTRACTING LIMITED

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOAT CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Burton





REGISTERED OFFICE: Smith House
George Street
Nailsworth
Gloucestershire
GL6 0AG





REGISTERED NUMBER: 13288996 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 91,000 104,000
Tangible assets 5 661,485 625,675
752,485 729,675

CURRENT ASSETS
Debtors 6 9,226 23,135
Cash at bank 34,614 172,767
43,840 195,902
CREDITORS
Amounts falling due within one year 7 135,946 157,607
NET CURRENT (LIABILITIES)/ASSETS (92,106 ) 38,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,379

767,970

CREDITORS
Amounts falling due after more than one
year

8

(443,465

)

(598,353

)

PROVISIONS FOR LIABILITIES (89,917 ) (53,406 )
NET ASSETS 126,997 116,211

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 126,987 116,201
126,997 116,211

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





J Burton - Director


MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Moat Contracting 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

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.

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.

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 130,000
AMORTISATION
At 1 April 2023 26,000
Charge for year 13,000
At 31 March 2024 39,000
NET BOOK VALUE
At 31 March 2024 91,000
At 31 March 2023 104,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,000,168
Additions 351,525
Disposals (117,978 )
At 31 March 2024 1,233,715
DEPRECIATION
At 1 April 2023 374,493
Charge for year 244,928
Eliminated on disposal (47,191 )
At 31 March 2024 572,230
NET BOOK VALUE
At 31 March 2024 661,485
At 31 March 2023 625,675

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 117,978
Additions 163,906
Disposals (117,978 )
At 31 March 2024 163,906
DEPRECIATION
At 1 April 2023 47,191
Charge for year 32,781
Eliminated on disposal (47,191 )
At 31 March 2024 32,781
NET BOOK VALUE
At 31 March 2024 131,125
At 31 March 2023 70,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,226 18,696
Other debtors - 4,439
9,226 23,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 27,099 21,029
Trade creditors 94,643 133,367
Taxation and social security 10,893 -
Other creditors 3,311 3,211
135,946 157,607

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 27,060 3,482
Other creditors 416,405 594,871
443,465 598,353

MOAT CONTRACTING LIMITED (REGISTERED NUMBER: 13288996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RELATED PARTY DISCLOSURES

During the year the company continued to loan funds from Mr J Burton, the Company Director. As at 31 March 2024 the company owed £416,405 (2023 - £594,871) to Mr J Burton. The loan is interest free and has no fixed repayment date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J Burton.

The ultimate controlling party is J Burton.