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Company registration number: 03699627







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


A J MORAN LIMITED






































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A J MORAN LIMITED
 


 
COMPANY INFORMATION


Directors
P S Melton 
S E Houghton 




Company secretary
P S Melton



Registered number
03699627



Registered office
11A Reading Road
Pangbourne

Reading

Berkshire

RG8 7LR




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


A J MORAN LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


A J MORAN LIMITED
REGISTERED NUMBER:03699627



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
87,066
63,642

  
87,066
63,642

Current assets
  

Stocks
  
69,683
146,562

Debtors: amounts falling due within one year
 5 
1,837,519
1,974,617

Cash at bank and in hand
  
992,104
817,154

  
2,899,306
2,938,333

Creditors: amounts falling due within one year
 6 
(1,437,280)
(1,667,673)

Net current assets
  
 
 
1,462,026
 
 
1,270,660

Total assets less current liabilities
  
1,549,092
1,334,302

Creditors: amounts falling due after more than one year
 7 
(95,569)
(88,231)

  

Net assets
  
1,453,523
1,246,071


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,453,521
1,246,069

  
1,453,523
1,246,071


Page 1

 


A J MORAN LIMITED
REGISTERED NUMBER:03699627


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
P S Melton
Director

Date: 31 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


A J MORAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

A J Moran Limited 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 registered address and principal place of business is 11A Reading Road, Pangbourne, Reading, Berkshire, RG8 7LR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


A J MORAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows;.


Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Straight line
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


A J MORAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 11).

Page 5

 


A J MORAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
36,376
137,495
92,618
266,489


Additions
680
85,778
1,940
88,398


Disposals
-
(63,980)
-
(63,980)



At 30 April 2024

37,056
159,293
94,558
290,907



Depreciation


At 1 May 2023
35,633
77,958
89,256
202,847


Charge for the year on owned assets
600
36,036
1,200
37,836


Disposals
-
(36,842)
-
(36,842)



At 30 April 2024

36,233
77,152
90,456
203,841



Net book value



At 30 April 2024
823
82,141
4,102
87,066



At 30 April 2023
743
59,537
3,362
63,642

Page 6

 


A J MORAN LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,361,825
1,468,502

Amounts owed by group undertakings
297,585
297,585

Other debtors
78,027
102,223

Prepayments and accrued income
100,082
106,307

1,837,519
1,974,617



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,017,786
1,189,541

Corporation tax
100,347
76,622

Other taxation and social security
52,920
37,960

Obligations under finance lease and hire purchase contracts
14,307
26,691

Other creditors
141,922
175,871

Accruals and deferred income
109,998
160,988

1,437,280
1,667,673



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
13,068
5,730

Other creditors
82,501
82,501

95,569
88,231


There is a fixed and floating charge over the assets of the company to support the company's credit facilty for invoice discounting.


8.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


9.


Related party transactions

Included in other creditors due after more than one year are balances totalling £82,501 (2023 - £82,501) as due to the directors. No interest has been applied on these balances.

 
Page 7