IRIS Accounts Production v24.3.2.46 10159047 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101590472023-05-31101590472024-05-31101590472023-06-012024-05-31101590472022-05-31101590472022-06-012023-05-31101590472023-05-3110159047ns15:EnglandWales2023-06-012024-05-3110159047ns14:PoundSterling2023-06-012024-05-3110159047ns10:Director12023-06-012024-05-3110159047ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110159047ns10:SmallEntities2023-06-012024-05-3110159047ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110159047ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110159047ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110159047ns10:FullAccounts2023-06-012024-05-311015904712023-06-012024-05-3110159047ns10:RegisteredOffice2023-06-012024-05-3110159047ns5:CurrentFinancialInstruments2024-05-3110159047ns5:CurrentFinancialInstruments2023-05-3110159047ns5:ShareCapital2024-05-3110159047ns5:ShareCapital2023-05-3110159047ns5:RetainedEarningsAccumulatedLosses2024-05-3110159047ns5:RetainedEarningsAccumulatedLosses2023-05-3110159047ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110159047ns5:ComputerSoftware2023-05-3110159047ns5:ComputerSoftware2023-06-012024-05-3110159047ns5:ComputerSoftware2024-05-3110159047ns5:ComputerSoftware2023-05-3110159047ns5:FurnitureFittings2023-05-3110159047ns5:ComputerEquipment2023-05-3110159047ns5:FurnitureFittings2023-06-012024-05-3110159047ns5:ComputerEquipment2023-06-012024-05-3110159047ns5:FurnitureFittings2024-05-3110159047ns5:ComputerEquipment2024-05-3110159047ns5:FurnitureFittings2023-05-3110159047ns5:ComputerEquipment2023-05-3110159047ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110159047ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3110159047ns5:CurrentFinancialInstruments2023-06-012024-05-3110159047ns5:DeferredTaxation2023-05-3110159047ns5:DeferredTaxation2023-06-012024-05-3110159047ns5:DeferredTaxation2024-05-31101590471ns10:Director12023-05-31101590471ns10:Director12022-05-31101590471ns10:Director12023-06-012024-05-31101590471ns10:Director12022-06-012023-05-31101590471ns10:Director12024-05-31101590471ns10:Director12023-05-31
REGISTERED NUMBER: 10159047 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Moores Projects Limited

Moores Projects Limited (Registered number: 10159047)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moores Projects Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P Clark





REGISTERED OFFICE: Airport House
Suite 43 - 45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 10159047 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Moores Projects Limited (Registered number: 10159047)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,664 1,893
Tangible assets 5 3,315 3,886
4,979 5,779

CURRENT ASSETS
Debtors 6 37,765 61,371
Cash at bank 84,013 50,486
121,778 111,857
CREDITORS
Amounts falling due within one year 7 (52,260 ) (28,613 )
NET CURRENT ASSETS 69,518 83,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,497

89,023

PROVISIONS FOR LIABILITIES 8 (946 ) (1,098 )
NET ASSETS 73,551 87,925

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 73,451 87,825
73,551 87,925

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 director acknowledges his 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.

Moores Projects Limited (Registered number: 10159047)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





P Clark - Director


Moores Projects Limited (Registered number: 10159047)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Moores Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activity during the year continued to be that of project and construction management services.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

INTANGIBLE ASSETS
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development costs 10 years

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings20% reducing balance
Computer equipment33.33% straight line

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.

Moores Projects Limited (Registered number: 10159047)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Moores Projects Limited (Registered number: 10159047)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 June 2023
and 31 May 2024 2,295
AMORTISATION
At 1 June 2023 402
Amortisation for year 229
At 31 May 2024 631
NET BOOK VALUE
At 31 May 2024 1,664
At 31 May 2023 1,893

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 252 5,191 5,443
Additions 251 1,250 1,501
Disposals (136 ) (697 ) (833 )
At 31 May 2024 367 5,744 6,111
DEPRECIATION
At 1 June 2023 39 1,518 1,557
Charge for year 18 1,602 1,620
Eliminated on disposal (33 ) (348 ) (381 )
At 31 May 2024 24 2,772 2,796
NET BOOK VALUE
At 31 May 2024 343 2,972 3,315
At 31 May 2023 213 3,673 3,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,464 30,190
Amounts owed by associates 7,168 -
Other debtors 1,133 31,181
37,765 61,371

Moores Projects Limited (Registered number: 10159047)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The director considers the carrying value of trade and other receivables approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,309 16,778
Amounts owed to associates - 2,577
Taxation and social security 28,683 3,031
Other creditors 2,268 6,227
52,260 28,613

The director considers the carrying amounts of current liabilities approximate to their fair values.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 946 1,098

Deferred
tax
£   
Balance at 1 June 2023 1,098
Provided during year (152 )
Balance at 31 May 2024 946

9. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
P Clark
Balance outstanding at start of year (49 ) (199 )
Amounts advanced 204 304
Amounts repaid (673 ) (154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (518 ) (49 )

Moores Projects Limited (Registered number: 10159047)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

11. RELATED PARTY DISCLOSURES

As at the balance sheet date included in other creditors were the amounts of £518 (2023 - £49) due to the directors. This loan is interest free and repayable on demand.

At the balance sheet date, debtors includes amounts receivable from associated company - Paul Clark Consulting Limited of £7,168 (2023 - £2,577 included in other creditors).