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REGISTERED NUMBER: 08437279 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOYES & SCOTT LIMITED

MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)






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


MOYES & SCOTT LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: M J Moyes
N Scott





SECRETARY: Mrs B R Moyes





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 08437279 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,549 3,593
Investments 5 649,060 442,794
651,609 446,387

CURRENT ASSETS
Debtors 6 30,444 39,671
Cash at bank 88,549 114,109
118,993 153,780
CREDITORS
Amounts falling due within one year 7 65,930 76,644
NET CURRENT ASSETS 53,063 77,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,672

523,523

PROVISIONS FOR LIABILITIES 47,000 3,000
NET ASSETS 657,672 520,523

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 657,572 520,423
SHAREHOLDERS' FUNDS 657,672 520,523

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 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.

MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)

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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




M J Moyes - Director



N Scott - Director


MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Moyes & Scott 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost
Office equipment - 20% on reducing balance

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
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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,387
Additions 1,214
At 31 March 2024 18,601
DEPRECIATION
At 1 April 2023 13,794
Charge for year 2,258
At 31 March 2024 16,052
NET BOOK VALUE
At 31 March 2024 2,549
At 31 March 2023 3,593

Plant and machinery includes computer equipment and office equipment.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 442,794
Additions 326,236
Disposals (314,110 )
Revaluations 194,140
At 31 March 2024 649,060
NET BOOK VALUE
At 31 March 2024 649,060
At 31 March 2023 442,794

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 186,425
Cost 462,635
649,060

MOYES & SCOTT LIMITED (REGISTERED NUMBER: 08437279)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,209 12,415
Other debtors 27,235 27,256
30,444 39,671

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 59,000 69,000
Other creditors 6,930 7,644
65,930 76,644

8. RESERVES

Included within retained earnings are £139,925 of non distributable reserves.