Silverfin false false 30/09/2024 01/10/2023 30/09/2024 C J Moore 01/01/2004 I C Moore 01/01/2004 25 March 2025 The principal activity of the Company during the financial year was. the manufacture of prepared artificial fishing baits for leisure angling, trade and direct supply there of to domestic UK and export markets. 00611652 2024-09-30 00611652 bus:Director1 2024-09-30 00611652 bus:Director2 2024-09-30 00611652 2023-09-30 00611652 core:CurrentFinancialInstruments 2024-09-30 00611652 core:CurrentFinancialInstruments 2023-09-30 00611652 core:Non-currentFinancialInstruments 2024-09-30 00611652 core:Non-currentFinancialInstruments 2023-09-30 00611652 core:ShareCapital 2024-09-30 00611652 core:ShareCapital 2023-09-30 00611652 core:CapitalRedemptionReserve 2024-09-30 00611652 core:CapitalRedemptionReserve 2023-09-30 00611652 core:RetainedEarningsAccumulatedLosses 2024-09-30 00611652 core:RetainedEarningsAccumulatedLosses 2023-09-30 00611652 core:OtherResidualIntangibleAssets 2023-09-30 00611652 core:OtherResidualIntangibleAssets 2024-09-30 00611652 core:LandBuildings 2023-09-30 00611652 core:LeaseholdImprovements 2023-09-30 00611652 core:PlantMachinery 2023-09-30 00611652 core:Vehicles 2023-09-30 00611652 core:FurnitureFittings 2023-09-30 00611652 core:ComputerEquipment 2023-09-30 00611652 core:LandBuildings 2024-09-30 00611652 core:LeaseholdImprovements 2024-09-30 00611652 core:PlantMachinery 2024-09-30 00611652 core:Vehicles 2024-09-30 00611652 core:FurnitureFittings 2024-09-30 00611652 core:ComputerEquipment 2024-09-30 00611652 core:CurrentFinancialInstruments core:Secured 2024-09-30 00611652 core:WithinOneYear 2024-09-30 00611652 core:WithinOneYear 2023-09-30 00611652 core:BetweenOneFiveYears 2024-09-30 00611652 core:BetweenOneFiveYears 2023-09-30 00611652 2023-10-01 2024-09-30 00611652 bus:FilletedAccounts 2023-10-01 2024-09-30 00611652 bus:SmallEntities 2023-10-01 2024-09-30 00611652 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00611652 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00611652 bus:Director1 2023-10-01 2024-09-30 00611652 bus:Director2 2023-10-01 2024-09-30 00611652 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-10-01 2024-09-30 00611652 core:LandBuildings 2023-10-01 2024-09-30 00611652 core:LeaseholdImprovements 2023-10-01 2024-09-30 00611652 core:PlantMachinery 2023-10-01 2024-09-30 00611652 core:Vehicles 2023-10-01 2024-09-30 00611652 core:FurnitureFittings 2023-10-01 2024-09-30 00611652 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 00611652 2022-10-01 2023-09-30 00611652 core:ComputerEquipment 2023-10-01 2024-09-30 00611652 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 00611652 (England and Wales)

C.C. MOORE & CO LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

C.C. MOORE & CO LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

C.C. MOORE & CO LIMITED

BALANCE SHEET

As at 30 September 2024
C.C. MOORE & CO LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 686,450 684,351
686,450 684,351
Current assets
Stocks 5 893,775 751,525
Debtors 6 621,888 275,793
Cash at bank and in hand 435,315 381,210
1,950,978 1,408,528
Creditors: amounts falling due within one year 7 ( 610,883) ( 447,915)
Net current assets 1,340,095 960,613
Total assets less current liabilities 2,026,545 1,644,964
Creditors: amounts falling due after more than one year 8 ( 225,699) ( 302,953)
Provision for liabilities ( 155,680) ( 87,272)
Net assets 1,645,166 1,254,739
Capital and reserves
Called-up share capital 15,500 15,500
Capital redemption reserve 15,500 15,500
Profit and loss account 1,614,166 1,223,739
Total shareholders' funds 1,645,166 1,254,739

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of C.C. Moore & Co Limited (registered number: 00611652) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

C J Moore
Director
C.C. MOORE & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
C.C. MOORE & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.C. Moore & Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 9 Gibbs Marsh Farm, Stalbridge, Sturminster Newton, DT10 2RU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Leasehold improvements 10 % reducing balance
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 36

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2023 235,635 235,635
At 30 September 2024 235,635 235,635
Accumulated amortisation
At 01 October 2023 235,635 235,635
At 30 September 2024 235,635 235,635
Net book value
At 30 September 2024 0 0
At 30 September 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £ £
Cost
At 01 October 2023 15,815 488,839 1,265,538 63,397 57,964 145,837 2,037,390
Additions 0 0 62,496 24,000 8,713 14,842 110,051
Disposals 0 0 0 ( 17,756) 0 0 ( 17,756)
At 30 September 2024 15,815 488,839 1,328,034 69,641 66,677 160,679 2,129,685
Accumulated depreciation
At 01 October 2023 15,815 379,844 757,335 54,149 7,808 138,088 1,353,039
Charge for the financial year 0 10,900 77,889 2,255 11,375 5,042 107,461
Disposals 0 0 0 ( 17,265) 0 0 ( 17,265)
At 30 September 2024 15,815 390,744 835,224 39,139 19,183 143,130 1,443,235
Net book value
At 30 September 2024 0 98,095 492,810 30,502 47,494 17,549 686,450
At 30 September 2023 0 108,995 508,203 9,248 50,156 7,749 684,351

5. Stocks

2024 2023
£ £
Stocks 893,775 751,525

6. Debtors

2024 2023
£ £
Trade debtors 430,859 141,998
Other debtors 191,029 133,795
621,888 275,793

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 41,200 40,000
Trade creditors 299,261 198,707
Taxation and social security 138,636 114,174
Obligations under finance leases and hire purchase contracts 33,953 31,412
Other creditors 97,833 63,622
610,883 447,915

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 142,533 185,833
Obligations under finance leases and hire purchase contracts 83,166 117,120
225,699 302,953

The bank loan is secured by way of a fixed and floating charge dated 17 December 2013 over properties and assets of the company.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 85,927 105,287
between one and five years 177,750 106,223
263,677 211,510