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Registration number: 05533493

Moss & Son Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Moss & Son Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Moss & Son Ltd

Company Information

Directors

D J Moss

K Moss

Registered office

Hurst Farm
Tyndale Road
Slimbridge
Gloucester
United Kingdom
GL2 7DJ

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Moss & Son Ltd

(Registration number: 05533493)
Balance Sheet
31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

724,792

669,850

Current assets

 

Stocks

5

473,280

450,136

Debtors

6

53,680

30,795

Cash at bank and in hand

 

10

6

 

526,970

480,937

Creditors: Amounts falling due within one year

7

(477,908)

(340,196)

Net current assets

 

49,062

140,741

Total assets less current liabilities

 

773,854

810,591

Creditors: Amounts falling due after more than one year

7

(148,653)

(110,062)

Provisions for liabilities

(133,251)

(122,149)

Net assets

 

491,950

578,380

Capital and reserves

 

Called up share capital

100

100

Retained earnings

491,850

578,280

Shareholders' funds

 

491,950

578,380

 

Moss & Son Ltd

(Registration number: 05533493)
Balance Sheet
31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 May 2025 and signed on its behalf by:
 

.........................................
K Moss
Director

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 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:
Hurst Farm
Tyndale Road
Slimbridge
Gloucester
United Kingdom
GL2 7DJ

These financial statements were authorised for issue by the Board on 6 May 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.

Going concern

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

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 2024

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 sales/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 deferred 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 corporation 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 2024

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

Leasehold improvements

20 years straight line

Plant and machinery

12 years straight line

Motor vehicles

12 years straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 2024

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 profit and loss account 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 2024

4

Tangible assets

Leasehold improvements
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

69,764

987,559

186,365

1,243,688

Additions

-

182,115

-

182,115

Disposals

-

(73,445)

(20,675)

(94,120)

At 31 August 2024

69,764

1,096,229

165,690

1,331,683

Depreciation

At 1 September 2023

42,805

419,687

111,346

573,838

Charge for the year

3,488

83,992

13,808

101,288

Eliminated on disposal

-

(49,284)

(18,951)

(68,235)

At 31 August 2024

46,293

454,395

106,203

606,891

Carrying amount

At 31 August 2024

23,471

641,834

59,487

724,792

At 31 August 2023

26,959

567,872

75,019

669,850

5

Stocks

2024
£

2023
£

Raw materials and consumables

473,280

450,136

6

Debtors

2024
£

2023
£

Trade debtors

19,306

23,486

Other debtors

33,820

6,696

Prepayments

554

613

53,680

30,795

 

Moss & Son Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

288,941

199,564

Trade creditors

 

127,732

80,415

Taxation and social security

 

-

486

Accruals and deferred income

 

5,660

3,500

Other creditors

 

55,575

56,231

 

477,908

340,196

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

148,653

110,062

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

148,653

110,062

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

191,161

120,422

Hire purchase contracts

97,780

79,142

288,941

199,564