Moggeridge Carpentry Limited 06129792 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is subcontract carpentry. Digita Accounts Production Advanced 6.30.9574.0 true 06129792 2023-04-01 2024-03-31 06129792 2024-03-31 06129792 bus:OrdinaryShareClass1 2024-03-31 06129792 core:CurrentFinancialInstruments 2024-03-31 06129792 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06129792 core:Goodwill 2024-03-31 06129792 core:FurnitureFittings 2024-03-31 06129792 core:MotorVehicles 2024-03-31 06129792 core:PlantMachinery 2024-03-31 06129792 bus:SmallEntities 2023-04-01 2024-03-31 06129792 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06129792 bus:FilletedAccounts 2023-04-01 2024-03-31 06129792 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06129792 bus:RegisteredOffice 2023-04-01 2024-03-31 06129792 bus:CompanySecretary1 2023-04-01 2024-03-31 06129792 bus:Director1 2023-04-01 2024-03-31 06129792 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06129792 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06129792 bus:Agent1 2023-04-01 2024-03-31 06129792 core:Goodwill 2023-04-01 2024-03-31 06129792 core:FurnitureFittings 2023-04-01 2024-03-31 06129792 core:MotorVehicles 2023-04-01 2024-03-31 06129792 core:PlantMachinery 2023-04-01 2024-03-31 06129792 countries:EnglandWales 2023-04-01 2024-03-31 06129792 2023-03-31 06129792 core:Goodwill 2023-03-31 06129792 core:FurnitureFittings 2023-03-31 06129792 core:MotorVehicles 2023-03-31 06129792 core:PlantMachinery 2023-03-31 06129792 2022-04-01 2023-03-31 06129792 2023-03-31 06129792 bus:OrdinaryShareClass1 2023-03-31 06129792 core:CurrentFinancialInstruments 2023-03-31 06129792 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06129792 core:FurnitureFittings 2023-03-31 06129792 core:MotorVehicles 2023-03-31 06129792 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06129792

Moggeridge Carpentry Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Moggeridge Carpentry Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

Moggeridge Carpentry Limited

Company Information

Director

Mr SM Moggeridge

Company secretary

Mrs VL Moggeridge

Registered office

4 Augustine Road
Drayton
Portsmouth
Hampshire
PO6 1HY

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Moggeridge Carpentry Limited

Director's Report for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Mr SM Moggeridge

Principal activity

The principal activity of the company is subcontract carpentry.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 October 2024
 

.........................................
Mrs VL Moggeridge
Company secretary

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Moggeridge Carpentry Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moggeridge Carpentry Limited for the year ended 31 March 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Moggeridge Carpentry Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moggeridge Carpentry Limited and state those matters that we have agreed to state to the Board of Directors of Moggeridge Carpentry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moggeridge Carpentry Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Moggeridge Carpentry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Moggeridge Carpentry Limited. You consider that Moggeridge Carpentry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Moggeridge Carpentry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

21 October 2024

 

Moggeridge Carpentry Limited

(Registration number: 06129792)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Tangible assets

5

14,480

19,307

Current assets

 

Debtors

6

553

671

Cash at bank and in hand

 

4,391

673

 

4,944

1,344

Creditors: Amounts falling due within one year

7

(9,529)

(16,389)

Net current liabilities

 

(4,585)

(15,045)

Total assets less current liabilities

 

9,895

4,262

Provisions for liabilities

(2,746)

(1,833)

Net assets

 

7,149

2,429

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

7,147

2,427

Shareholders' funds

 

7,149

2,429

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 October 2024
 

.........................................
Mr SM Moggeridge
Director

 

Moggeridge Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Augustine Road
Drayton
Portsmouth
Hampshire
PO6 1HY
England

These financial statements were authorised for issue by the director on 20 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Moggeridge Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Fixtures and fittings

33% straight line basis

Motor Vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Moggeridge Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Moggeridge Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

10,000

10,000

At 31 March 2024

10,000

10,000

Amortisation

At 1 April 2023

10,000

10,000

At 31 March 2024

10,000

10,000

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

1,100

1,500

21,535

24,135

At 31 March 2024

1,100

1,500

21,535

24,135

Depreciation

At 1 April 2023

1,100

1,485

2,243

4,828

Charge for the year

-

4

4,823

4,827

At 31 March 2024

1,100

1,489

7,066

9,655

Carrying amount

At 31 March 2024

-

11

14,469

14,480

At 31 March 2023

-

15

19,292

19,307

6

Debtors

Current

2024
£

2023
£

Prepayments

553

462

Other debtors

-

209

 

553

671

 

Moggeridge Carpentry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,595

-

Accruals and deferred income

508

508

Other creditors

7,426

15,881

9,529

16,389

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2