1 July 2023 false Taxfiler 2024.6.1 03912529business:PrivateLimitedCompanyLtd2023-07-012024-06-30 039125292023-06-30 039125292023-07-012024-06-30 03912529business:AuditExemptWithAccountantsReport2023-07-012024-06-30 03912529business:FilletedAccounts2023-07-012024-06-30 039125292024-06-30 03912529business:Director12023-07-012024-06-30 03912529business:Director22023-07-012024-06-30 03912529business:CompanySecretary12023-07-012024-06-30 03912529business:RegisteredOffice2023-07-012024-06-30 039125292023-06-30 03912529core:WithinOneYear2024-06-30 03912529core:WithinOneYear2023-06-30 03912529core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 03912529core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 03912529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 03912529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 03912529core:PreviouslyStatedAmount2024-06-30 03912529core:PreviouslyStatedAmount2023-06-30 03912529business:SmallEntities2023-07-012024-06-30 03912529countries:EnglandWales2023-07-012024-06-30 03912529core:MotorVehicles2023-07-012024-06-30 03912529core:FurnitureFittings2023-07-012024-06-30 03912529core:Goodwill2023-06-30 03912529core:Goodwill2024-06-30 03912529core:PlantMachinery2023-06-30 03912529core:MotorVehicles2023-06-30 03912529core:PlantMachinery2023-07-012024-06-30 03912529core:PlantMachinery2024-06-30 03912529core:MotorVehicles2024-06-30 03912529core:AfterOneYear2024-06-30 03912529core:AfterOneYear2023-06-30 03912529core:AcceleratedTaxDepreciationDeferredTax2024-06-30 03912529core:AcceleratedTaxDepreciationDeferredTax2023-06-30 039125292022-06-30 039125292022-07-012023-06-30 03912529core:BetweenOneFiveYears2024-06-30 03912529core:BetweenOneFiveYears2023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 03912529 (England and Wales)
Moby Nicks Limited Unaudited accounts for the year ended 30 June 2024
Moby Nicks Limited Unaudited accounts Contents
Page
- 2 -
Moby Nicks Limited Company Information for the year ended 30 June 2024
Directors
Mr N C Henry Mrs B Henry
Secretary
Mrs B Henry
Company Number
03912529 (England and Wales)
Registered Office
Unit 11 Fish Quay Plymouth Devon PL4 0LH
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Moby Nicks Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Moby Nicks Limited for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants Orchard House Clyst St Mary Exeter Devon EX5 1BR 7 January 2025
- 4 -
Moby Nicks Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,763 
13,486 
Current assets
Inventories
60,364 
92,609 
Debtors
636,665 
692,870 
Cash at bank and in hand
243,028 
128,847 
940,057 
914,326 
Creditors: amounts falling due within one year
(134,689)
(173,302)
Net current assets
805,368 
741,024 
Total assets less current liabilities
822,131 
754,510 
Provisions for liabilities
Deferred tax
(4,191)
(2,761)
Net assets
817,940 
751,749 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
817,840 
751,649 
Shareholders' funds
817,940 
751,749 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
Mrs B Henry Director Company Registration No. 03912529
- 5 -
Moby Nicks Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Moby Nicks Limited is a private company, limited by shares, registered in England and Wales, registration number 03912529. The registered office is Unit 11, Fish Quay, Plymouth, Devon, PL4 0LH.
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.
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% on reducing balance
Fixtures & fittings
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing / completion.
- 6 -
Moby Nicks Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
100,000 
At 30 June 2024
100,000 
Amortisation
At 1 July 2023
100,000 
At 30 June 2024
100,000 
Net book value
At 30 June 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,015 
29,108 
31,123 
Additions
- 
7,100 
7,100 
At 30 June 2024
2,015 
36,208 
38,223 
Depreciation
At 1 July 2023
809 
16,828 
17,637 
Charge for the year
301 
3,522 
3,823 
At 30 June 2024
1,110 
20,350 
21,460 
Net book value
At 30 June 2024
905 
15,858 
16,763 
At 30 June 2023
1,206 
12,280 
13,486 
- 7 -
Moby Nicks Limited Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,169 
7,702 
Trade debtors
233,322 
297,318 
Amounts due from group undertakings etc.
375,885 
375,885 
Accrued income and prepayments
13,289 
11,965 
626,665 
692,870 
Amounts falling due after more than one year
Other debtors
10,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
90,298 
140,652 
Taxes and social security
36,383 
24,518 
Other creditors
- 
405 
Loans from directors
624 
- 
Accruals
7,384 
7,727 
134,689 
173,302 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
4,191 
2,761 
2024 
2023 
£ 
£ 
Provision at start of year
2,761 
3,303 
Charged/(credited) to the profit and loss account
1,430 
(542)
Provision at end of year
4,191 
2,761 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
28,862 
46,297 
Later than one year and not later than five years
- 
28,862 
28,862 
75,159 
10
Average number of employees
During the year the average number of employees was 10 (2023: 11).
- 8 -