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REGISTERED NUMBER: NI010448 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Moore - Watson Limited

Moore - Watson Limited (Registered number: NI010448)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 6

Moore - Watson Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A Watson
Mr T N Watson



SECRETARY: Mr N Watson



REGISTERED OFFICE: Forsyth House
Cromac Square
Belfast
BT2 8LA



REGISTERED NUMBER: NI010448 (Northern Ireland)



ACCOUNTANT: Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



BANKERS: Bank of Scotland plc
The Royal Mile
Edinburgh

Moore - Watson Limited (Registered number: NI010448)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 225,000 250,000
Tangible assets 5 97,649 89,975
322,649 339,975

CURRENT ASSETS
Debtors 6 1,265,157 983,543
Cash at bank 27,641 174,310
1,292,798 1,157,853
CREDITORS
Amounts falling due within one year 7 333,791 361,769
NET CURRENT ASSETS 959,007 796,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,281,656

1,136,059

CREDITORS
Amounts falling due after more than one
year

8

68,231

79,287
NET ASSETS 1,213,425 1,056,772

CAPITAL AND RESERVES
Called up share capital 1,848,829 1,848,829
Revaluation reserve 9 453,906 453,906
Retained earnings (1,089,310 ) (1,245,963 )
SHAREHOLDERS' FUNDS 1,213,425 1,056,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr A Watson - Director


Moore - Watson Limited (Registered number: NI010448)

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

1. STATUTORY INFORMATION

Moore - Watson Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Digital Tech & Trademarks are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and Machinery - 15% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments in shares were held at their original cost to the company.

Moore - Watson Limited (Registered number: NI010448)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Digital
Tech &
Trademarks
£   
COST
At 1 January 2024
and 31 December 2024 509,000
AMORTISATION
At 1 January 2024 259,000
Amortisation for year 25,000
At 31 December 2024 284,000
NET BOOK VALUE
At 31 December 2024 225,000
At 31 December 2023 250,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property Machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 7,025 176,164 15,374 995 199,558
Additions - - - 27,000 27,000
At 31 December 2024 7,025 176,164 15,374 27,995 226,558
DEPRECIATION
At 1 January 2024 - 94,540 14,794 249 109,583
Charge for year - 12,244 145 6,937 19,326
At 31 December 2024 - 106,784 14,939 7,186 128,909
NET BOOK VALUE
At 31 December 2024 7,025 69,380 435 20,809 97,649
At 31 December 2023 7,025 81,624 580 746 89,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 107,706 90,475
Sundry debtors 254,977 249,741
Directors' current accounts 418,821 418,993
Tax 93,653 84,334
Prepayments and accrued income 390,000 140,000
1,265,157 983,543

Moore - Watson Limited (Registered number: NI010448)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 117,135 136,135
Hire purchase contracts 17,600 17,600
Trade creditors 79,023 17,071
Social security and other taxes 7,533 13,097
VAT 108,491 173,813
Sundry creditors 1,009 1,054
Accrued expenses 3,000 2,999
333,791 361,769

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 35,967 41,066
Bounce back loan 32,264 38,221
68,231 79,287

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 453,906

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
£    £   
Mr A Watson
Balance outstanding at start of year 418,993 391,381
Amounts advanced - 27,612
Amounts repaid (172 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 418,821 418,993

11. ULTIMATE CONTROLLING PARTY

The company is under the day to day control of its director Mr A Watson.

Moore - Watson Limited

Report of the Accountant to the Directors of
Moore - Watson Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA


Date: .............................................