Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06693398 Miss C Trueman Mr J R Midgley Mr S D Midgley Miss C Trueman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06693398 2023-12-31 06693398 2024-12-31 06693398 2024-01-01 2024-12-31 06693398 frs-core:CurrentFinancialInstruments 2024-12-31 06693398 frs-core:PlantMachinery 2024-12-31 06693398 frs-core:PlantMachinery 2024-01-01 2024-12-31 06693398 frs-core:PlantMachinery 2023-12-31 06693398 frs-core:WithinOneYear 2024-12-31 06693398 frs-core:ShareCapital 2024-12-31 06693398 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06693398 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06693398 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06693398 frs-bus:SmallEntities 2024-01-01 2024-12-31 06693398 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06693398 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06693398 frs-bus:Director1 2024-01-01 2024-12-31 06693398 frs-bus:Director2 2024-01-01 2024-12-31 06693398 frs-bus:Director3 2024-01-01 2024-12-31 06693398 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06693398 frs-countries:EnglandWales 2024-01-01 2024-12-31 06693398 2022-12-31 06693398 2023-12-31 06693398 2023-01-01 2023-12-31 06693398 frs-core:CurrentFinancialInstruments 2023-12-31 06693398 frs-core:BetweenOneFiveYears 2023-12-31 06693398 frs-core:WithinOneYear 2023-12-31 06693398 frs-core:ShareCapital 2023-12-31 06693398 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06693398
Moorgrove Interiors Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06693398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,171 1,314
2,171 1,314
CURRENT ASSETS
Stocks 5 64,258 67,844
Debtors 6 13,248 28,636
Cash at bank and in hand 1,729 4,039
79,235 100,519
Creditors: Amounts Falling Due Within One Year 7 (131,987 ) (210,157 )
NET CURRENT ASSETS (LIABILITIES) (52,752 ) (109,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,581 ) (108,324 )
NET LIABILITIES (50,581 ) (108,324 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (50,681 ) (108,424 )
SHAREHOLDERS' FUNDS (50,581) (108,324)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss C Trueman
Director
24 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Moorgrove Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06693398 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At 31st December 2024, the company had net liabilities of £50,581. The company is reliant on the continued support of the directors. The directors have confirmed their intention to support the company for at least twelve months from the date of signing the accounts.
On the above basis, the directors consider that the accounts should be prepared on a going concern basis.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 12.5% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 5,526
Additions 1,200
As at 31 December 2024 6,726
Depreciation
As at 1 January 2024 4,212
Provided during the period 343
As at 31 December 2024 4,555
Net Book Value
As at 31 December 2024 2,171
As at 1 January 2024 1,314
5. Stocks
2024 2023
£ £
Work in progress 64,258 67,844
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,245
Other debtors 100 100
Deferred tax current asset 13,148 26,291
13,248 28,636
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,066 15,164
Bank loans and overdrafts 10,625 18,125
VAT 2,059 5,833
Other creditors 114,237 171,035
131,987 210,157
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,154 30,483
Later than one year and not later than five years - 1,073
6,154 31,556
Page 4