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Registered number: 05074213
Moores Turf and Topsoil Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05074213
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 653,787 799,268
653,787 799,268
CURRENT ASSETS
Stocks 6 58,000 57,830
Debtors 7 270,681 88,558
Cash at bank and in hand 1,278,670 1,368,419
1,607,351 1,514,807
Creditors: Amounts Falling Due Within One Year 8 (189,710 ) (271,189 )
NET CURRENT ASSETS (LIABILITIES) 1,417,641 1,243,618
TOTAL ASSETS LESS CURRENT LIABILITIES 2,071,428 2,042,886
PROVISIONS FOR LIABILITIES
Deferred Taxation (157,471 ) (173,206 )
NET ASSETS 1,913,957 1,869,680
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,913,857 1,869,580
SHAREHOLDERS' FUNDS 1,913,957 1,869,680
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For the year ending 31 March 2025 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
Mr M Moore
Director
24/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Moores Turf and Topsoil Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05074213 . The registered office is Callington Court Farm, Brenzett, Romney Marsh, Kent, TN29 9TU.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.6. 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:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 10% reducing balance
2.7. 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.
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2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
2.10. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.12. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 150,000
As at 31 March 2025 150,000
Amortisation
As at 1 April 2024 150,000
As at 31 March 2025 150,000
...CONTINUED
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Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 30,353 852,163 756,723 12,546 1,651,785
Additions - 15,000 - - 15,000
Disposals - - (64,000 ) - (64,000 )
As at 31 March 2025 30,353 867,163 692,723 12,546 1,602,785
Depreciation
As at 1 April 2024 5,911 440,857 397,077 8,672 852,517
Provided during the period 538 56,145 85,404 364 142,451
Disposals - - (45,970 ) - (45,970 )
As at 31 March 2025 6,449 497,002 436,511 9,036 948,998
Net Book Value
As at 31 March 2025 23,904 370,161 256,212 3,510 653,787
As at 1 April 2024 24,442 411,306 359,646 3,874 799,268
6. Stocks
2025 2024
£ £
Materials 58,000 57,830
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 47,260 62,998
Prepayments and accrued income 26,871 25,560
Other debtors 196,550 -
270,681 88,558
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 78,374 155,623
Corporation tax 70,204 87,632
Other taxes and social security 3,728 5,777
VAT 22,925 9,616
Pension contributions payable - 144
Accruals and deferred income 12,637 10,555
Directors' loan accounts 1,842 1,842
189,710 271,189
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 173,206 173,206
Reversals (15,735 ) (15,735)
Balance at 31 March 2025 157,471 157,471
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Controlling Parties
The company's ultimate controlling party is Moores Turf & Topsoil (Holdings) Ltd by virtue of their interest in the share capital of the company.
During the year the company voted a dividend of £35,391 (2024 - £41,704) payable to the parent company.
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