Registered number
02236387
Moorside Building Supplies Limited
Filleted Accounts
29 February 2024
Moorside Building Supplies Limited
Registered number: 02236387
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,696 89,237
Current assets
Stocks 43,211 66,765
Debtors 4 55,407 49,689
Cash at bank and in hand 30,459 12,452
129,077 128,906
Creditors: amounts falling due within one year 5 (150,828) (158,841)
Net current liabilities (21,751) (29,935)
Total assets less current liabilities 61,945 59,302
Provisions for liabilities (2,957) (3,940)
Net assets 58,988 55,362
Capital and reserves
Called up share capital 30 30
Profit and loss account 58,958 55,332
Shareholders' funds 58,988 55,362
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.
Approved by the board on 30 September 2024 and are signed on their behalf by:
……………………………………….. ………………………………………..
T Goddard M Goddard
Director Director
Moorside Building Supplies Limited
Notes to the Accounts
for the year ended 29 February 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:
Freehold buildings 2% on cost
Plant and machinery 15% on reducing balance
Motor vehicles 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 73,414 39,488 47,050 159,952
At 29 February 2024 73,414 39,488 47,050 159,952
Depreciation
At 1 March 2023 6,260 35,994 28,461 70,715
Charge for the year 369 525 4,647 5,541
At 29 February 2024 6,629 36,519 33,108 76,256
Net book value
At 29 February 2024 66,785 2,969 13,942 83,696
At 28 February 2023 67,154 3,494 18,589 89,237
4 Debtors 2024 2023
£ £
Trade debtors 55,407 49,689
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 39,179 45,560
Corporation tax 1,908 1,673
Other taxes and social security costs 2,927 1,893
Other creditors 106,814 109,715
150,828 158,841
6 Related party transactions
Mr M Goddard and Mr T Goddard are both directors of the parent company, Aughton Hall Holdings Ltd, and own 50% each of the issued share capital of Aughton Hall Holdings Ltd.

As at the year end the company owed Aughton Hall Holdings Ltd £ 88,993 (£88,993 in 2023). The amount is included in other creditors in note 5 of the accounts. The loan is interest free and repayable on demand.

During the year the company did not pay any dividends to shareholders
7 Controlling party
The company is controlled by the directors, Mr M Goddard and Mr T Goddard by virtue of their shareholding in the parent company detailed above
8 Other information
Moorside Building Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hull Road
Osgodby
Selby
North Yorkshire
YO8 5HG
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