Registered number
13994315
Moorland Engineering Limited
Filleted Accounts
31 March 2024
Moorland Engineering Limited
Registered number: 13994315
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,227 9,533
Current assets
Debtors 4 66,734 22,120
Cash at bank and in hand 24,082 11,091
90,816 33,211
Creditors: amounts falling due within one year 5 (20,649) (6,267)
Net current assets 70,167 26,944
Total assets less current liabilities 96,394 36,477
Creditors: amounts falling due after more than one year 6 (86,799) (34,470)
Net assets 9,595 2,007
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,495 1,907
Shareholders' funds 9,595 2,007
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Peake
Director
Approved by the board on 7 October 2024
Moorland Engineering Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 4,583 7,333 11,916
Additions 10,750 12,500 23,250
At 31 March 2024 15,333 19,833 35,166
Depreciation
At 1 April 2023 916 1,467 2,383
Charge for the year 2,883 3,673 6,556
At 31 March 2024 3,799 5,140 8,939
Net book value
At 31 March 2024 11,534 14,693 26,227
At 31 March 2023 3,667 5,866 9,533
4 Debtors 2024 2023
£ £
Trade debtors 66,734 22,120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 20,649 6,267
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 86,799 34,470
7 Other information
Moorland Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 907a Leek New Road
Stoke on Trent
Staffs
ST2 7HQ
Moorland Engineering Limited 13994315 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 R Peake No description of principal activity 13994315 2022-03-22 2023-03-31 13994315 core:WithinOneYear 2023-03-31 13994315 core:AfterOneYear 2023-03-31 13994315 core:ShareCapital 2023-03-31 13994315 core:RetainedEarningsAccumulatedLosses 2023-03-31 13994315 2023-04-01 2024-03-31 13994315 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13994315 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13994315 bus:Director40 2023-04-01 2024-03-31 13994315 core:PlantMachinery 2023-04-01 2024-03-31 13994315 core:Vehicles 2023-04-01 2024-03-31 13994315 countries:England 2023-04-01 2024-03-31 13994315 bus:FRS102 2023-04-01 2024-03-31 13994315 bus:FilletedAccounts 2023-04-01 2024-03-31 13994315 2024-03-31 13994315 core:WithinOneYear 2024-03-31 13994315 core:AfterOneYear 2024-03-31 13994315 core:ShareCapital 2024-03-31 13994315 core:RetainedEarningsAccumulatedLosses 2024-03-31 13994315 core:PlantMachinery 2024-03-31 13994315 core:Vehicles 2024-03-31 13994315 2023-03-31 13994315 core:PlantMachinery 2023-03-31 13994315 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure