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REGISTERED NUMBER: 04660617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MOOR LEASING LIMITED

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOOR LEASING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P D Smeaton
Mrs E S Smeaton
B M Maloy



SECRETARY: Mrs E S Smeaton



REGISTERED OFFICE: Ilkley Hall
Ilkley Hall Park
Ilkley
West Yorkshire
LS29 9LD



REGISTERED NUMBER: 04660617 (England and Wales)



ACCOUNTANTS: Parkers
178-180 Church Road
Hove, East Sussex
BN3 2DJ



BANKERS: Bank of Scotland plc
41/51 Grey Street
Newcastle upon Tyne
NE1 6EE

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,333 199,102
Investments 5 - 1
181,333 199,103

CURRENT ASSETS
Debtors: amounts falling due within one
year

6

149,303

184,736
Debtors: amounts falling due after more
than one year

6

6,239

38,896
Cash at bank 2,907 -
158,449 223,632
CREDITORS
Amounts falling due within one year 7 189,301 214,417
NET CURRENT (LIABILITIES)/ASSETS (30,852 ) 9,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,481

208,318

CREDITORS
Amounts falling due after more than one
year

8

147,562

207,960
NET ASSETS 2,919 358

CAPITAL AND RESERVES
Called up share capital 208,334 208,334
Share premium 261,670 261,670
Retained earnings (467,085 ) (469,646 )
SHAREHOLDERS' FUNDS 2,919 358

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

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

The directors acknowledge their 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.

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





P D Smeaton - Director


MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Moor Leasing 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.

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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover excluding VAT comprises:
- operating lease rentals as invoiced;
- hire purchase and finance lease income credited on an actuarial basis over the life of the agreements;
- feed in tariff due for the period.

Consultancy fees are recorded as other operating income.

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 - 5% on cost and at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to the profit and loss account using the actuarial method.

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The scheme administration costs are charged to the profit and loss account in the period in which they are incurred by the company as the principal employer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 803,119
Disposals (445,853 )
At 31st March 2024 357,266
DEPRECIATION
At 1st April 2023 604,017
Charge for year 17,770
Eliminated on disposal (445,854 )
At 31st March 2024 175,933
NET BOOK VALUE
At 31st March 2024 181,333
At 31st March 2023 199,102

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1st April 2023 1
Disposals (1 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 1

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 9,610 4,719
Amounts receivable in respect of finance
leases

19,070

95,617
Other debtors 120,623 84,400
149,303 184,736

Amounts falling due after more than one year:
Amounts receivable in respect of finance
leases

6,239

38,896

Aggregate amounts 155,542 223,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,001 12,575
Trade creditors 10,486 6,120
Taxation and social security 11,309 13,799
Other creditors 157,505 181,923
189,301 214,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Other creditors 135,895 186,293
147,562 207,960

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 2,575
Block discounting advances 29,972 105,597
Other loans 156,490 175,305
186,462 283,477

The block discounting advances are secured by first floating charges over all the company's right, title and interest in and to the leased assets and associated debts with the full benefit of all contracted rights including all guarantees and securities.

The other loan is secured by a charge on the equipment purchased with the loan.

MOOR LEASING LIMITED (REGISTERED NUMBER: 04660617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. RELATED PARTY DISCLOSURES

P D Smeaton
Mr P D Smeaton has provided a personal guarantee for the block discounting facility.

As at the year-end Mr P D Smeaton owed the company £7,387 (2023 - £Nil) which was repaid within nine months after the year end.