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Registration number: 10091267

Moor Training Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 June 2024

 

Moor Training Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Moor Training Limited

(Registration number: 10091267)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

6,187

Current assets

 

Debtors

5

268,411

246,959

Cash at bank and in hand

 

15,173

42,859

 

283,584

289,818

Creditors: Amounts falling due within one year

6

(72,547)

(82,370)

Net current assets

 

211,037

207,448

Total assets less current liabilities

 

211,037

213,635

Creditors: Amounts falling due after more than one year

6

(18,323)

(30,653)

Net assets

 

192,714

182,982

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

192,614

182,882

Shareholders' funds

 

192,714

182,982

For the financial period ending 30 June 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 period 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 17 March 2025
 


C Barkwell
Director

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

1

General information

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

The address of its registered office is:
Unit 2 Brayhams Yard
North Road
Okehampton
Devon
EX20 1AB

Principal activity

The principal activity of the company is the provision of vocational training.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Furniture, fittings and equipment

3 years straight line

Motor vehicles

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4 (2023 - 4).

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

31,724

4,500

36,224

Disposals

(31,724)

(4,500)

(36,224)

At 30 June 2024

-

-

-

Depreciation

At 1 April 2023

28,068

1,969

30,037

Eliminated on disposal

(28,068)

(1,969)

(30,037)

At 30 June 2024

-

-

-

Carrying amount

At 30 June 2024

-

-

-

At 31 March 2023

3,656

2,531

6,187

5

Debtors

2024
£

2023
£

Trade debtors

-

49,274

Amounts owed by related parties

233,185

195,590

Other debtors

35,226

-

Prepayments

-

2,095

268,411

246,959

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

9,850

Trade creditors

 

12,136

24,166

Taxation and social security

 

3,311

21,552

Accruals and deferred income

 

47,100

26,236

Other creditors

 

-

566

 

72,547

82,370

Included within creditors is a bank loan of £10,000 (2023: £9,850) that has been guaranteed up to 100% of its capital by the UK Government.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

18,323

30,653

Included within creditors is a bank loan balance of £18,323 (2023: £30,653) that has been guaranteed up to 100% of its capital value by the UK Government.

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Moor Training Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024 (continued)

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

18,323

30,653

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

9,850

9

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 30 June 2024
£

-

35,227

35,227