2023-02-092024-02-292024-02-29false14652453THE MUZZLE MOVEMENT 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THE MUZZLE MOVEMENT LIMITED

Registered Number
14652453
(England and Wales)

Unaudited Financial Statements for the Period ended
29 February 2024

THE MUZZLE MOVEMENT LIMITED
Company Information
for the period from 9 February 2023 to 29 February 2024

Director

HEWSON, Clara Louise

Registered Address

62-64 Market Street
Ashby-De-La-Zouch
LE65 1AN

Registered Number

14652453 (England and Wales)
THE MUZZLE MOVEMENT LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

£

£

Fixed assets
Tangible assets360,278
60,278
Current assets
Stocks415,000
Debtors23,257
Cash at bank and on hand32,714
70,971
Creditors amounts falling due within one year5(37,281)
Net current assets (liabilities)33,690
Total assets less current liabilities93,968
Creditors amounts falling due after one year6(7,000)
Net assets86,968
Capital and reserves
Called up share capital1
Profit and loss account86,967
Shareholders' funds86,968
The financial statements were approved and authorised for issue by the Director on 22 October 2024, and are signed on its behalf by:
HEWSON, Clara Louise
Director
Registered Company No. 14652453
THE MUZZLE MOVEMENT LIMITED
Notes to the Financial Statements
for the period ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment33
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2024
Average number of employees during the year9
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions63,6575,80569,462
At 29 February 2463,6575,80569,462
Depreciation and impairment
Charge for year8,5516339,184
At 29 February 248,5516339,184
Net book value
At 29 February 2455,1065,17260,278
At 08 February 23---
4.Stocks

2024

£
Other stocks15,000
Total15,000
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables4,784
Taxation and social security19,250
Other creditors12,597
Accrued liabilities and deferred income650
Total37,281
6.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts7,000
Total7,000