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Registered number: 12030822
MOORLANDS COMMUNICATIONS LTD
Financial Statements
For The Year Ended 30 June 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Directors Mr Warren Taylor
Mrs Lisa Taylor
Company Number 12030822
Registered Office 1 Tape Street
Cheadle
Stoke-on-Trent
Staffordshire
ST10 1BB
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Balance Sheet
Registered number: 12030822
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 85,866 -
Tangible Assets 5 21,747 29,537
107,613 29,537
CURRENT ASSETS
Stocks 6 3,608 11,025
Debtors 7 17,637 15,455
Cash at bank and in hand 19,845 22,796
41,090 49,276
Creditors: Amounts Falling Due Within One Year 8 (122,327 ) (45,614 )
NET CURRENT ASSETS (LIABILITIES) (81,237 ) 3,662
TOTAL ASSETS LESS CURRENT LIABILITIES 26,376 33,199
Creditors: Amounts Falling Due After More Than One Year 9 (19,362 ) (25,674 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (4,125 ) (5,428 )
NET ASSETS 2,889 2,097
CAPITAL AND RESERVES
Called up share capital 12 4 4
Profit and Loss Account 2,885 2,093
SHAREHOLDERS' FUNDS 2,889 2,097
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Warren Taylor
Director
Mrs Lisa Taylor
Director
13th September 2024
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
MOORLANDS COMMUNICATIONS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12030822 . The registered office is 1 Tape Street, Cheadle, Stoke-on-Trent, Staffordshire, ST10 1BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 33% Straight Line Basis
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 8)
3 8
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4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 -
Additions 92,000
As at 30 June 2024 92,000
Amortisation
As at 1 July 2023 -
Provided during the period 6,134
As at 30 June 2024 6,134
Net Book Value
As at 30 June 2024 85,866
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 7,632 6,781 44,782 59,195
Additions - 443 - 443
As at 30 June 2024 7,632 7,224 44,782 59,638
Depreciation
As at 1 July 2023 6,664 3,402 19,592 29,658
Provided during the period 934 1,001 6,298 8,233
As at 30 June 2024 7,598 4,403 25,890 37,891
Net Book Value
As at 30 June 2024 34 2,821 18,892 21,747
As at 1 July 2023 968 3,379 25,190 29,537
6. Stocks
2024 2023
£ £
Work in progress 3,608 11,025
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,974 8,568
Prepayments and accrued income 2,044 6,887
Other taxes and social security 369 -
Directors' loan accounts 6,250 -
17,637 15,455
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,312 6,312
Trade creditors 77,769 3,139
Corporation tax 17,814 8,977
Other taxes and social security - 758
VAT 17,335 11,199
Accruals and deferred income 3,097 2,671
Directors' loan accounts - 12,558
122,327 45,614
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,362 25,674
19,362 25,674
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,125 5,428
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11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 5,428 5,428
Deferred taxation (1,303 ) (1,303 )
Balance at 30 June 2024 4,125 4,125
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Warren Taylor (6,279 ) 67,084 63,959 - 3,125
Mrs Lisa Taylor (6,279 ) 67,084 63,959 - 3,125
The above loan is unsecured, interest free and repayable on demand.
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