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REGISTERED NUMBER: 11389907 (England and Wales)















JOHN MOORE TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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


JOHN MOORE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N Moore
Miss S Moore
Mrs S A Moore





SECRETARY: Miss S Moore





REGISTERED OFFICE: Ladford Covert
Ladfordfields Industrial Estate
Seighford
Stafford
Staffordshire
ST18 9QG





REGISTERED NUMBER: 11389907 (England and Wales)

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 7,395
Tangible assets 5 2,445,540 2,288,723
2,445,540 2,296,118

CURRENT ASSETS
Stocks 5,099,331 5,849,644
Debtors 6 2,156,462 2,296,506
Cash at bank 481,201 -
7,736,994 8,146,150
CREDITORS
Amounts falling due within one year 7 (683,452 ) (1,394,904 )
NET CURRENT ASSETS 7,053,542 6,751,246
TOTAL ASSETS LESS CURRENT LIABILITIES 9,499,082 9,047,364

CREDITORS
Amounts falling due after more than one
year

8

(31,647

)

(15,573

)

PROVISIONS FOR LIABILITIES (234,782 ) (206,099 )
NET ASSETS 9,232,653 8,825,692

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 5,840,131 5,840,131
Retained earnings 3,391,522 2,984,561
SHAREHOLDERS' FUNDS 9,232,653 8,825,692

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.

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Miss S Moore - Director


JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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


1. STATUTORY INFORMATION

John Moore Trading 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sales of goods
Turnover from the sale of steel and tractor parts is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the point when the goods have left the premises.

Interest receivable
Interest income is recognised using the effective interest method.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the weighted average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the sport exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefits of its employees. Contributions are expensed as they become payable.

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

4. COMPUTER SOFTWARE
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 36,977
AMORTISATION
At 1 April 2023 29,582
Charge for year 7,395
At 31 March 2024 36,977
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7,395

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,022,761 2,373,793 3,396,554
Additions - 503,546 503,546
Disposals - (27,686 ) (27,686 )
At 31 March 2024 1,022,761 2,849,653 3,872,414
DEPRECIATION
At 1 April 2023 68,185 1,039,646 1,107,831
Charge for year 15,450 323,614 339,064
Eliminated on disposal - (20,021 ) (20,021 )
At 31 March 2024 83,635 1,343,239 1,426,874
NET BOOK VALUE
At 31 March 2024 939,126 1,506,414 2,445,540
At 31 March 2023 954,576 1,334,147 2,288,723

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 209,095
Additions 50,295
Transfer to ownership (130,705 )
At 31 March 2024 128,685
DEPRECIATION
At 1 April 2023 84,733
Charge for year 23,597
Transfer to ownership (50,436 )
At 31 March 2024 57,894
NET BOOK VALUE
At 31 March 2024 70,791
At 31 March 2023 124,362

JOHN MOORE TRADING LIMITED (REGISTERED NUMBER: 11389907)

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 1,940,983 2,207,425
Other debtors 3,700 2,860
Loan to John Moore Properties Ltd 12,134 -
Tax 98,371 -
Prepayments 101,274 86,221
2,156,462 2,296,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 34,797
Hire purchase contracts 22,401 19,833
Trade creditors 260,475 371,354
Tax - 354,493
Social security and other taxes 55,234 52,248
VAT 258,240 294,281
Other creditors 22,914 9,668
Loan from John Moore Properties Ltd - 202,288
Accrued expenses 64,188 55,942
683,452 1,394,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 31,647 15,573

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £435,250 (2023: £63,250).