Registered number
06847949
MOORE & MOORE DOORS LTD
Filleted Accounts
30 June 2024
MOORE & MOORE DOORS LTD
Registered number: 06847949
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,764 3,161
Current assets
Stocks 4,231 3,348
Debtors 5 5,889 29,400
Cash at bank and in hand 8,341 62
18,461 32,810
Creditors: amounts falling due within one year 6 (60,361) (68,884)
Net current liabilities (41,900) (36,074)
Total assets less current liabilities (40,136) (32,913)
Provisions for liabilities (335) (170)
Net liabilities (40,471) (33,083)
Capital and reserves
Called up share capital 2 2
Profit and loss account (40,473) (33,085)
Shareholders' funds (40,471) (33,083)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Moore
Director
Approved by the board on 27 March 2025
MOORE & MOORE DOORS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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 fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 1,194
At 30 June 2024 1,194
Amortisation
At 1 July 2023 1,194
At 30 June 2024 1,194
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 6,986
At 30 June 2024 6,986
Depreciation
At 1 July 2023 3,825
Charge for the year 1,397
At 30 June 2024 5,222
Net book value
At 30 June 2024 1,764
At 30 June 2023 3,161
5 Debtors 2024 2023
£ £
Trade debtors 4,347 13,052
Other debtors 1,542 16,348
5,889 29,400
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,393 17,655
Trade creditors 11,610 5,116
Amounts owed to group undertakings and undertakings in which the company has a participating interest (513) (513)
Paye 11,616 14,387
VAT 9,984 4,719
Other creditors 20,271 27,520
60,361 68,884
7 Other information
MOORE & MOORE DOORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit A1 Yelverton Business Park
Crapstone
Yelverton
PL20 7PE
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