32 34 Moore's (Cloughmills) Limited NI012353 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is retailing of groceries, petroleum products and other fuels Digita Accounts Production Advanced 6.30.9574.0 true NI012353 2023-05-01 2024-04-30 NI012353 2024-04-30 NI012353 bus:OrdinaryShareClass1 2024-04-30 NI012353 core:CurrentFinancialInstruments 2024-04-30 NI012353 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI012353 core:OtherResidualIntangibleAssets 2024-04-30 NI012353 core:LandBuildings 2024-04-30 NI012353 core:OtherPropertyPlantEquipment 2024-04-30 NI012353 bus:SmallEntities 2023-05-01 2024-04-30 NI012353 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI012353 bus:FilletedAccounts 2023-05-01 2024-04-30 NI012353 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI012353 bus:RegisteredOffice 2023-05-01 2024-04-30 NI012353 bus:Director2 2023-05-01 2024-04-30 NI012353 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 NI012353 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI012353 core:LicencesFranchises 2023-05-01 2024-04-30 NI012353 core:Land 2023-05-01 2024-04-30 NI012353 core:LandBuildings 2023-05-01 2024-04-30 NI012353 core:LeaseholdImprovements 2023-05-01 2024-04-30 NI012353 core:MotorVehicles 2023-05-01 2024-04-30 NI012353 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 NI012353 core:PlantMachinery 2023-05-01 2024-04-30 NI012353 countries:NorthernIreland 2023-05-01 2024-04-30 NI012353 2023-04-30 NI012353 core:OtherResidualIntangibleAssets 2023-04-30 NI012353 core:LandBuildings 2023-04-30 NI012353 core:OtherPropertyPlantEquipment 2023-04-30 NI012353 2022-05-01 2023-04-30 NI012353 2023-04-30 NI012353 bus:OrdinaryShareClass1 2023-04-30 NI012353 core:CurrentFinancialInstruments 2023-04-30 NI012353 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 NI012353 core:LandBuildings 2023-04-30 NI012353 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI012353

Moore's (Cloughmills) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Moore's (Cloughmills) Limited

(Registration number: NI012353)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

460,856

489,186

Other financial assets

2,205

2,205

 

463,061

491,391

Current assets

 

Stocks

6

127,645

149,293

Debtors

7

42,147

37,125

Cash at bank and in hand

 

1,021,024

872,115

 

1,190,816

1,058,533

Creditors: Amounts falling due within one year

8

(354,987)

(374,150)

Net current assets

 

835,829

684,383

Total assets less current liabilities

 

1,298,890

1,175,774

Provisions for liabilities

(10,436)

(10,591)

Net assets

 

1,288,454

1,165,183

Capital and reserves

 

Called up share capital

9

2,000

2,000

Retained earnings

1,286,454

1,163,183

Shareholders' funds

 

1,288,454

1,165,183

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Moore's (Cloughmills) Limited

(Registration number: NI012353)
Balance Sheet as at 30 April 2024

Approved and authorised by the director on 30 January 2025
 

.........................................
Mrs Eileen Moore
Director

 

Moore's (Cloughmills) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 11 Main Street, Cloughmills, Co Antrim, BT44 9LF.

These financial statements were authorised for issue by the director on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Moore's (Cloughmills) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and fittings

25% reducing balance

Motor vehicles

25% reducung balance

Property improvements

10% straight line

Land

nil

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Licences

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

 

Moore's (Cloughmills) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 32 (2023 - 34).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 May 2023

106,081

106,081

At 30 April 2024

106,081

106,081

Amortisation

At 1 May 2023

106,081

106,081

At 30 April 2024

106,081

106,081

Carrying amount

At 30 April 2024

-

-

 

Moore's (Cloughmills) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

758,529

576,645

1,335,174

Additions

-

4,973

4,973

Disposals

-

(6,806)

(6,806)

At 30 April 2024

758,529

574,812

1,333,341

Depreciation

At 1 May 2023

282,600

563,388

845,988

Charge for the year

27,996

5,307

33,303

Eliminated on disposal

-

(6,806)

(6,806)

At 30 April 2024

310,596

561,889

872,485

Carrying amount

At 30 April 2024

447,933

12,923

460,856

At 30 April 2023

475,929

13,257

489,186

Included within the net book value of land and buildings above is £447,933 (2023 - £475,929) in respect of long leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

127,645

149,293

7

Debtors

Current

2024
£

2023
£

Trade debtors

21,638

17,214

Prepayments

4,071

3,473

Other debtors

16,438

16,438

 

42,147

37,125

 

Moore's (Cloughmills) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

147,401

227,865

Taxation and social security

123,003

78,694

Accruals and deferred income

30,932

21,329

Other creditors

53,651

46,262

354,987

374,150

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

       

10

Related party transactions

Included in other creditors is amounts due to the Directors of £ 53,651 (2023: £ 46,262 ).