Company Registration No. 00484175 (England and Wales)
MOSS & CO (HAMMERSMITH) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
John Cumming Ross Limited
Chartered Certified Accountants
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
MOSS & CO (HAMMERSMITH) LIMITED
COMPANY INFORMATION
Directors
Mr A N Patel
Mr P Polessi Patel
Mr J Patel
Company number
00484175
Registered office
7 Aintree Road
Perivale
Middlesex
UB6 7LA
Accountants
John Cumming Ross Limited
Chartered Certified Accountants
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
MOSS & CO (HAMMERSMITH) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
MOSS & CO (HAMMERSMITH) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MOSS & CO (HAMMERSMITH) LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The following reproduces text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited financial statements set out on pages 2 to 8 have been extracted.

"In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moss & Co (Hammersmith) Limited for the year ended 31 March 2024 set out on pages 3 to 11 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html.

Our work has been undertaken solely to prepare for your approval the financial statements of Moss & Co (Hammersmith) Limited and state those matters that we have agreed to state to the Board of Directors of Moss & Co (Hammersmith) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moss & Co (Hammersmith) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Moss & Co (Hammersmith) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moss & Co (Hammersmith) Limited. You consider that Moss & Co (Hammersmith) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moss & Co (Hammersmith) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

 

 

John Cumming Ross Limited
Chartered Certified Accountants
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex''
HA1 2AX
28 January 2025
MOSS & CO (HAMMERSMITH) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
113,611
154,446
Current assets
Stocks
189,275
195,250
Debtors
4
47,243
83,156
Cash at bank and in hand
77,788
124,125
314,306
402,531
Creditors: amounts falling due within one year
5
(167,642)
(193,219)
Net current assets
146,664
209,312
Total assets less current liabilities
260,275
363,758
Creditors: amounts falling due after more than one year
6
-
0
(54,167)
Provisions for liabilities
7
(22,982)
(34,069)
Net assets
237,293
275,522
Capital and reserves
Called up share capital
9
30,000
30,000
Profit and loss reserves
207,293
245,522
Total equity
237,293
275,522

The directors of the company have taken advantage under section 444 of the Companies Act 2006 not to deliver the profit and loss account and directors' report within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MOSS & CO (HAMMERSMITH) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 16 December 2024 and are signed on its behalf by:
Mr J Patel
Director
Company Registration No. 00484175
MOSS & CO (HAMMERSMITH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Moss & Co (Hammersmith) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Aintree Road, Perivale, Middlesex, UB6 7LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for sale of timber sold in the normal course of business and is shown net of VAT. The consideration takes into account trade discounts,settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Land and buildings Leasehold
over the lease term
Plant and machinery
10% on a straight line basis
Computer equipment
50% on a straight line basis
Motor vehicles
25% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

MOSS & CO (HAMMERSMITH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments

The company only enters into basic financial instruments transaction that result in the recognition of financial assets and liabilities like trade and other debtors and trade and sundry creditors and hire purchase creditors.

 

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade, other creditors and hire purchase creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transactions,where the debt instruments is measured at the present value of the future payments discounted at market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

MOSS & CO (HAMMERSMITH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
18,800
357,618
376,418
Additions
-
0
1,889
1,889
At 31 March 2024
18,800
359,507
378,307
Depreciation and impairment
At 1 April 2023
7,519
214,453
221,972
Depreciation charged in the year
940
41,784
42,724
At 31 March 2024
8,459
256,237
264,696
Carrying amount
At 31 March 2024
10,341
103,270
113,611
At 31 March 2023
11,281
143,165
154,446
MOSS & CO (HAMMERSMITH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
39,470
78,118
Other debtors
7,773
5,038
47,243
83,156
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
25,000
Trade creditors
44,409
30,959
Corporation tax
29,991
36,286
Other taxation and social security
17,908
26,871
Other creditors
75,334
74,103
167,642
193,219
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
54,167

Coronavirus Business Interruption Loan of £nil (2023:£79,167) is secured by the guarantee provided by the UK Government.

7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
8
22,982
34,069
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
22,982
34,069
MOSS & CO (HAMMERSMITH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8
Deferred taxation
(Continued)
- 8 -
2024
Movements in the year:
£
Liability at 1 April 2023
34,069
Credit to profit or loss
(11,087)
Liability at 31 March 2024
22,982
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
'A'Ordinary shares of £1 each
12,000
12,000
12,000
12,000
'B'Ordinary shares of £1 each
18,000
18,000
18,000
18,000
30,000
30,000
30,000
30,000
10
Equity reserve

The only movements in reserve for the year ended 31 March 2024 and 31 March 2023 are profits for the year and dividends paid.

11
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total payable under operating lease
720,000
780,000
12
Related party transactions

During the year dividend of £100,000 (2023:£100,000) was paid to the shareholders of A ordinary shares and £10,800 (2023: £27,000) was paid to shareholders of B ordinary shares.

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