Company Registration No. 10096991 (England and Wales)
Karl Moult Limited
Unaudited accounts
for the year ended 30 April 2024
Karl Moult Limited
Unaudited accounts
Contents
Karl Moult Limited
Company Information
for the year ended 30 April 2024
Company Number
10096991 (England and Wales)
Registered Office
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
England
Accountants
Taylor Accountancy Ltd
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
Karl Moult Limited
Statement of financial position
as at 30 April 2024
Tangible assets
10,051
13,456
Cash at bank and in hand
41,704
36,598
Creditors: amounts falling due within one year
(35,094)
(38,789)
Net current assets
32,966
33,749
Total assets less current liabilities
43,017
47,205
Creditors: amounts falling due after more than one year
(3,610)
(8,732)
Called up share capital
101
101
Profit and loss account
39,306
38,372
Shareholders' funds
39,407
38,473
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
K T Moult
Director
Company Registration No. 10096991
Karl Moult Limited
Notes to the Accounts
for the year ended 30 April 2024
Karl Moult Limited is a private company, limited by shares, registered in England and Wales, registration number 10096991. The registered office is 2 Lynmoor Court, Hucknall, Nottingham, NG15 8FT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
30% reducing balance
Computer equipment
33% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Karl Moult Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
36,990
4,352
500
41,842
At 30 April 2024
36,990
4,352
500
41,842
At 1 May 2023
24,310
3,620
456
28,386
Charge for the year
3,170
220
15
3,405
At 30 April 2024
27,480
3,840
471
31,791
At 30 April 2024
9,510
512
29
10,051
At 30 April 2023
12,680
732
44
13,456
Amounts falling due within one year
Trade debtors
22,656
35,940
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,570
5,920
Taxes and social security
15,098
14,767
Other creditors
1,608
1,386
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
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Average number of employees
During the year the average number of employees was 1 (2023: 1).