2023-05-01 07593751 2024-04-30 07593751 2023-05-01 2024-04-30 07593751 2023-04-30 07593751 2022-05-01 2023-04-30 07593751 uk-core:WithinOneYear 2023-04-30 07593751 uk-core:WithinOneYear 2024-04-30 07593751 uk-core:AfterOneYear 2023-04-30 07593751 uk-core:AfterOneYear 2024-04-30 07593751 uk-core:ShareCapital 2024-04-30 07593751 uk-core:ShareCapital 2023-04-30 07593751 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 07593751 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 07593751 uk-bus:Director1 2023-05-01 2024-04-30 07593751 uk-core:PlantMachinery 2023-05-01 2024-04-30 07593751 uk-core:CommercialMotorVehicles 2023-05-01 2024-04-30 07593751 uk-core:ToolsEquipment 2023-05-01 2024-04-30 07593751 uk-core:ToolsEquipment 2023-04-30 07593751 uk-core:CommercialMotorVehicles 2023-04-30 07593751 uk-core:PlantMachinery 2023-04-30 07593751 uk-core:PlantMachinery 2024-04-30 07593751 uk-core:CommercialMotorVehicles 2024-04-30 07593751 uk-core:ToolsEquipment 2024-04-30 07593751 uk-core:WithinOneYear 2024-04-30 07593751 uk-core:WithinOneYear 2023-04-30 07593751 uk-core:AfterOneYear uk-core:Secured 2024-04-30 07593751 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 07593751 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07593751 uk-bus:FRS102 2023-05-01 2024-04-30 07593751 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 07593751 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Moreheat Limited
Registered Number:07593751
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Moreheat Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07593751
As at 30 April 2024
Moreheat Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
68,473
65,373
2
68,473
65,373
Current assets
Inventories
6,500
6,500
3
Trade and other receivables
152,098
112,135
4
219,097
Cash and cash equivalents
371,676
490,311
377,695
Trade and other payables: amounts falling due within one
year
(205,590)
(292,233)
5
172,105
198,078
Net current assets
Total assets less current liabilities
266,551
237,478
Trade and other payables: amounts falling due after more
than one year
(22,271)
(14,495)
6
(13,010)
(9,685)
Provisions for liabilities
239,046
Net assets
205,522
Capital and reserves
Called up share capital
20
20
Retained earnings
239,026
205,502
239,046
205,522
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J S Cooper Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
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4
Registered Number :
07593751
For the year ended 30 April 2024
Moreheat Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Moreheat Limited
Notes to the Financial Statements
Statutory Information
Moreheat Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07593751.
Registered address:
12 Roundhill Road
Livermead
Torquay
TQ2 6TH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Coronavirus Grants
As with most businesses we have been impacated by the Coronavirus (Covid 19). This had an impact on our
operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available
from the Goverment and have taken all the steps we can to protect the future of the business.. Although the total
impact is still uncertain the director believe that it is appropriate to prepare the accounts on a going concern basis.
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6
For the year ended 30 April 2024
Moreheat Limited
Notes to the Financial Statements Continued
Bounce Back Loan
During the year the Company received a Bounce Back Loan which is initially repayable over 6 years. The interest
has been charged to the Profit and Loss Account as appropriate, with a Grant being received to cover the first 12
months of the interest payable and the loan recorded in the balance sheet.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
186,323
1,314
134,511
50,498
32,550
-
32,550
-
Additions
At 30 April 2024
50,498
167,061
1,314
218,873
Provision for depreciation and impairment
At 01 May 2023
120,950
1,241
89,038
30,671
Charge for year
29,450
18
19,507
9,925
At 30 April 2024
150,400
1,259
108,545
40,596
At 30 April 2024
Net book value
9,902
58,516
55
68,473
At 30 April 2023
19,827
45,473
73
65,373
3. Inventories
2023
2024
£
£
Stocks
6,500
6,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
110,700
116,042
Other debtors
1,435
36,056
152,098
112,135
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7
For the year ended 30 April 2024
Moreheat Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
7,805
7,833
Trade creditors
175,460
137,823
Taxation and social security
95,598
42,382
Other creditors
13,370
17,552
292,233
205,590
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
12,970
20,746
Other creditors
1,525
1,525
14,495
22,271
7. Related party transactions
The company was under the control of the directors during this year.
8. Average number of persons employed
During the year the average number of employees was 15 (2023 : 12)
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