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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
Page
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Karl Moult Limited Company Information for the year ended 30 April 2024
Director
K T Moult
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
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Karl Moult Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,051 
13,456 
Current assets
Debtors
26,356 
35,940 
Cash at bank and in hand
41,704 
36,598 
68,060 
72,538 
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)
Net assets
39,407 
38,473 
Capital and reserves
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
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Karl Moult Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 30 April 2024
9,510 
512 
29 
10,051 
At 30 April 2023
12,680 
732 
44 
13,456 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,656 
35,940 
Other debtors
3,700 
- 
26,356 
35,940 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,570 
5,920 
VAT
10,668 
14,756 
Taxes and social security
15,098 
14,767 
Other creditors
1,608 
1,386 
Accruals
2,150 
1,960 
35,094 
38,789 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,610 
8,732 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101 
101 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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