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REGISTERED NUMBER: 07270490 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MOORE FARM SERVICES LIMITED

MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,607 221,548

CURRENT ASSETS
Stocks 1,221,474 824,546
Debtors 5 185,018 174,362
Cash at bank and in hand 18,038 788
1,424,530 999,696
CREDITORS
Amounts falling due within one year 6 1,395,200 824,754
NET CURRENT ASSETS 29,330 174,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,937

396,490

CREDITORS
Amounts falling due after more than one
year

7

(147,843

)

(103,338

)

PROVISIONS FOR LIABILITIES (12,483 ) (33,537 )
NET ASSETS 156,611 259,615

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,511 259,515
SHAREHOLDERS' FUNDS 156,611 259,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mrs E F Moore - Director


MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

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

1. STATUTORY INFORMATION

Moore Farm Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07270490

Registered office: Unit A7
Lords Wood Road
Harworth
Doncaster
South Yorkshire
DN11 8BZ

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Bank loans are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Stocking line finance are initially recognised at transaction price with interest charged to profit and loss when incurred.


MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 191,210 29,870 198,829 9,640 429,549
Additions 5,075 1,100 102,627 - 108,802
At 31 January 2024 196,285 30,970 301,456 9,640 538,351
DEPRECIATION
At 1 February 2023 103,186 17,344 79,046 8,425 208,001
Charge for year 13,901 1,975 26,145 722 42,743
At 31 January 2024 117,087 19,319 105,191 9,147 250,744
NET BOOK VALUE
At 31 January 2024 79,198 11,651 196,265 493 287,607
At 31 January 2023 88,024 12,526 119,783 1,215 221,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 117,999 65,582
Other debtors - 17,500
Directors' current accounts 1,274 873
VAT - 44,324
Prepayments and accrued income 65,745 46,083
185,018 174,362

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,095 15,789
Other loans 381,053 398,751
Hire purchase contracts (see note 8) 49,294 23,309
Trade creditors 784,816 366,392
Social security and other taxes 2,154 378
VAT 7,873 -
Other creditors 8,871 5,088
Directors' current accounts 9,629 1,937
Accruals and deferred income 141,415 13,110
1,395,200 824,754

MOORE FARM SERVICES LIMITED (REGISTERED NUMBER: 07270490)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-5 years 13,339 23,434
Hire purchase contracts (see note 8) 134,504 79,904
147,843 103,338

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 49,294 23,309
Between one and five years 134,504 79,904
183,798 103,213

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 8,167 48,584
Between one and five years - 8,083
8,167 56,667

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 23,434 33,617
Hire purchase contracts 183,798 103,213
Stocking line finance 346,413 366,111
Other loans 34,640 32,640
588,285 535,581

The directors have provided a personal guarantee on the stocking line finance.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director owed the company £1,274 as at 31 January 2024 (2023 - £873). No interest was charged and the balance is repayable on demand.