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REGISTERED NUMBER: 08456797 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Moule & Co Limited

Moule & Co Limited (Registered number: 08456797)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moule & Co Limited

Company Information
for the Year Ended 31 March 2024







Director: Mrs H L Collins





Registered office: The Farm Office
Millridge Farm
Parsons Lane, Hartlebury
Kidderminster
Worcestershire
DY11 7YQ





Registered number: 08456797 (England and Wales)





Accountants: Crowthers Chartered Accountants
1 Ripple Court
Brockeridge Park
Tewkesbury
Gloucestershire
GL20 6FG

Moule & Co Limited (Registered number: 08456797)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,363 24,268

CURRENT ASSETS
Debtors 5 459,290 352,223
Cash at bank and in hand 2,290 50,702
461,580 402,925
CREDITORS
Amounts falling due within one year 6 140,073 119,903
NET CURRENT ASSETS 321,507 283,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,870

307,290

CREDITORS
Amounts falling due after more than one
year

7

(30,640

)

(50,450

)

PROVISIONS FOR LIABILITIES (5,747 ) (4,796 )
NET ASSETS 310,483 252,044

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,383 251,944
310,483 252,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Moule & Co Limited (Registered number: 08456797)

Balance Sheet - continued
31 March 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 director and authorised for issue on 22 November 2024 and were signed by:





Mrs H L Collins - Director


Moule & Co Limited (Registered number: 08456797)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Moule & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is determined by reference to the number of hours spent on client work.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 etc - 25% on reducing balance and 15% on reducing balance

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.


Moule & Co Limited (Registered number: 08456797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023 56,824
Additions 8,324
At 31 March 2024 65,148
Depreciation
At 1 April 2023 32,556
Charge for year 7,229
At 31 March 2024 39,785
Net book value
At 31 March 2024 25,363
At 31 March 2023 24,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 145,115 136,548
Amounts recoverable on contract 58,148 27,549
Other debtors 256,027 188,126
459,290 352,223

Moule & Co Limited (Registered number: 08456797)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,961 27,425
Trade creditors 8,173 17,342
Taxation and social security 83,628 70,149
Other creditors 10,311 4,987
140,073 119,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,426 47,498
Other creditors 2,214 2,952
30,640 50,450

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs H L Collins
Balance outstanding at start of year 9,860 48,894
Amounts advanced 40,654 46,530
Amounts repaid (58,259 ) (85,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,745 ) 9,860

Loans to directors are repayable on demand and incur interest charged at a rate of 2.25% per annum on the outstanding balance.

The above amounts are included within the balance of other debtors falling due within one year.

9. RELATED PARTY DISCLOSURES

Rent and loan from connected persons:

The company operates from a premises owned by a relative of the director/shareholder. Currently no rent is charged to the company for use of these premises.


Loan to a company under common control:

Within the balance of other debtors is an amount of £236,781 (2023: £153,692) to companies under common control. The loan incurs interest at a rate of 2.5% per annum and is repayable on demand.

There is uncertainty as to whether this amount will be fully repaid due to the financial performance of the other companies.