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REGISTERED NUMBER: 01805476 (England and Wales)












MOSS BARRETT CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MOSS BARRETT CONSTRUCTION LIMITED (REGISTERED NUMBER: 01805476)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MOSS BARRETT CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr J G Barrett
Mr J J Barrett
Mrs F M Barrett





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 01805476 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MOSS BARRETT CONSTRUCTION LIMITED (REGISTERED NUMBER: 01805476)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310 786

CURRENT ASSETS
Stocks 5 5,607 10,645
Debtors 6 150,778 316,146
Cash at bank and in hand 239,788 43,713
396,173 370,504
CREDITORS
Amounts falling due within one year 7 72,425 68,158
NET CURRENT ASSETS 323,748 302,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,058

303,132

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 323,958 303,032
SHAREHOLDERS' FUNDS 324,058 303,132

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 21 February 2025 and were signed on its behalf by:





Mr J G Barrett - Director


MOSS BARRETT CONSTRUCTION LIMITED (REGISTERED NUMBER: 01805476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Moss Barrett Construction 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.

Turnover
Turnover represents net invoices work completed, excluding value added tax. The turnover is recognised when the valuation of work done is agreed.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stock and work in progress
Stock is valued at the lower of cost and net realisable value.

Work in progress, the attributable profit on long term contract are recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project. Costs associated with long term contracts are included in the work in progress to the extent that they cannot be matched with contract work accounted for as turnover. Long term contract balance included in work in progress are stated at cost, after provision has been made for any foreseeable losses and the deduction of applicable payments on account. Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

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 statement of financial position date.

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.

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.

MOSS BARRETT CONSTRUCTION LIMITED (REGISTERED NUMBER: 01805476)

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


2. ACCOUNTING POLICIES - continued

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Current asset investments
The fixed rate bond is shown at cost and any interest received on the date of maturity is included in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 27,865 29,559 4,249 61,673
DEPRECIATION
At 1 June 2023 27,858 29,210 3,819 60,887
Charge for year 7 53 416 476
At 31 May 2024 27,865 29,263 4,235 61,363
NET BOOK VALUE
At 31 May 2024 - 296 14 310
At 31 May 2023 7 349 430 786

5. STOCKS
31.5.24 31.5.23
£    £   
Work-in-progress 5,607 10,645

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 134,752 285,018
VAT 14,275 20,809
Prepayments 1,751 10,319
150,778 316,146

MOSS BARRETT CONSTRUCTION LIMITED (REGISTERED NUMBER: 01805476)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 56,614 52,177
Social security and other taxes 7,119 7,666
Directors' loan accounts 605 596
Accrued expenses 8,087 7,719
72,425 68,158

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 303,032
Profit for the year 102,426
Dividends (81,500 )
At 31 May 2024 323,958

10. ULTIMATE CONTROLLING PARTY

The director and shareholder Mr J G Barrett, controls the company as a result of holding 76 per cent of the issued ordinary share capital of the company.