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Registration number: 10841573

Moore-Wilson Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Moore-Wilson Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Moore-Wilson Limited

Company Information

Director

Mr SC Wilson

Company secretary

Mrs Coralie Wilson

Registered office

The Portway Centre, 1 Old Sarum Park
Old Sarum
Salisbury
SP4 6EB

Accountants

Grant Sellers Limited
Bank Court
Manor Road
Verwood
Dorset
BH31 6DY

 

Moore-Wilson Limited

(Registration number: 10841573)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,163

20,217

Investments

5

2,401,675

2,023,343

 

2,416,838

2,043,560

Current assets

 

Debtors

6

1,884

4,649

Cash at bank and in hand

 

5,064

12,113

 

6,948

16,762

Creditors: Amounts falling due within one year

7

(1,322,547)

(623,025)

Net current liabilities

 

(1,315,599)

(606,263)

Total assets less current liabilities

 

1,101,239

1,437,297

Creditors: Amounts falling due after more than one year

7

(87,500)

(187,500)

Net assets

 

1,013,739

1,249,797

Capital and reserves

 

Called up share capital

120

120

Other reserves

999,882

999,882

Retained earnings

13,737

249,795

Shareholders' funds

 

1,013,739

1,249,797

For the financial year 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 year in question in accordance with section 476; and

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

 

Moore-Wilson Limited

(Registration number: 10841573)
Balance Sheet as at 30 June 2024 (continued)

Approved and authorised by the director on 27 March 2025
 

.........................................
Mr SC Wilson
Director

 

Moore-Wilson Limited

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

1

General information

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

The address of its registered office is:
The Portway Centre, 1 Old Sarum Park
Old Sarum
Salisbury
SP4 6EB

These financial statements were authorised for issue by the director on 27 March 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.

The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £1.

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

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 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

Fixtures and fittings

25% on reducing balance

Office equipment

25% on reducing balance

Investments

Investments in subsidiary undertakings are recognised at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 1).

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

147

20,070

20,217

At 30 June 2024

147

20,070

20,217

Depreciation

Charge for the year

37

5,017

5,054

At 30 June 2024

37

5,017

5,054

Carrying amount

At 30 June 2024

110

15,053

15,163

At 30 June 2023

147

20,070

20,217

5

Investments

2024
£

2023
£

Investments in subsidiaries

2,401,675

2,023,343

Subsidiaries

£

Cost or valuation

At 1 July 2023

2,023,343

Additions

378,332

At 30 June 2024

2,401,675

Provision

Carrying amount

At 30 June 2024

2,401,675

At 30 June 2023

2,023,343

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Investments (continued)

On 30 December 2022, the company acquired all the issued share capital of Design Incorporated (UK) Limited from an unconnected party for a consideration of £515,678.
On 30 June 2023 the shares in Moore-Wilson New Media Limited were acquired at book cost from SWCW Limited, a subsidiary company.

6

Debtors

Current

2024
£

2023
£

Prepayments

94

-

Other debtors

1,790

4,649

 

1,884

4,649

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

134,500

97,840

Trade creditors

 

1,926

3,574

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

911,512

394,716

Taxation and social security

 

42,130

64,524

Accruals and deferred income

 

10,145

10,145

Other creditors

 

222,334

52,226

 

1,322,547

623,025

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

87,500

187,500

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

87,500

187,500

Current loans and borrowings

2024
£

2023
£

Bank borrowings

134,500

-

Hire purchase contracts

-

13,340

Other borrowings

-

84,500

134,500

97,840

9

Related party transactions

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

9

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

16,128

-

 

Moore-Wilson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

10

The Company forms part of a wholly-owned group and accordingly has taken advantage of the exemption allowed
under section 33.1A of FRS 102: Related Party Disclosures not to disclose transactions with other group entities.