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Company No: 06202255 (England and Wales)

MOORE & STONE CARPENTRY AND BUILDING LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

MOORE & STONE CARPENTRY AND BUILDING LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

MOORE & STONE CARPENTRY AND BUILDING LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
MOORE & STONE CARPENTRY AND BUILDING LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Westley Moore
Matthew Robert Stone
SECRETARY Matthew Robert Stone
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 06202255 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
MOORE & STONE CARPENTRY AND BUILDING LTD

BALANCE SHEET

As at 31 October 2023
MOORE & STONE CARPENTRY AND BUILDING LTD

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 171,010 101,904
171,010 101,904
Current assets
Stocks 4 362,000 381,975
Debtors 5 153,481 320,977
515,481 702,952
Creditors: amounts falling due within one year 6 ( 362,382) ( 564,438)
Net current assets 153,099 138,514
Total assets less current liabilities 324,109 240,418
Creditors: amounts falling due after more than one year 7 ( 68,140) 0
Provision for liabilities ( 38,536) ( 19,362)
Net assets 217,433 221,056
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 217,431 221,054
Total shareholders' funds 217,433 221,056

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Moore & Stone Carpentry And Building Ltd (registered number: 06202255) were approved and authorised for issue by the Board of Directors on 31 October 2024. They were signed on its behalf by:

Matthew Robert Stone
Director
MOORE & STONE CARPENTRY AND BUILDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
MOORE & STONE CARPENTRY AND BUILDING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Moore & Stone Carpentry And Building Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Tools and equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Tangible assets

Land and buildings Plant and machinery Vehicles Tools and equipment Total
£ £ £ £ £
Cost
At 01 November 2022 76,223 78,487 156,376 5,504 316,590
Additions 0 0 140,733 2,805 143,538
Disposals 0 0 ( 81,773) 0 ( 81,773)
At 31 October 2023 76,223 78,487 215,336 8,309 378,355
Accumulated depreciation
At 01 November 2022 51,735 65,556 93,802 3,593 214,686
Charge for the financial year 7,622 2,332 21,026 711 31,691
Disposals 0 0 ( 39,032) 0 ( 39,032)
At 31 October 2023 59,357 67,888 75,796 4,304 207,345
Net book value
At 31 October 2023 16,866 10,599 139,540 4,005 171,010
At 31 October 2022 24,488 12,931 62,574 1,911 101,904

4. Stocks

2023 2022
£ £
Stocks 160,000 199,250
Work in progress 202,000 182,725
362,000 381,975

5. Debtors

2023 2022
£ £
Trade debtors 0 77,573
Other debtors 153,481 243,404
153,481 320,977

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 49,793 75,245
Trade creditors 258,287 273,485
Amounts owed to Group undertakings 10,200 112,000
CIS withheld 5,654 8,834
Taxation and social security 3,158 41,858
Obligations under finance leases and hire purchase contracts 20,637 19,052
Other creditors 14,653 33,964
362,382 564,438

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 15,833 0
Obligations under finance leases and hire purchase contracts 52,307 0
68,140 0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 A ordinary shares of £ 1.00 each 2 2