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Registration number: 05868345

Moseley Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Moseley Developments Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Moseley Developments Limited

(Registration number: 05868345)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

500,408

412,517

Current assets

 

Stocks

5

-

201,863

Debtors

6

574,851

786,522

Cash at bank and in hand

 

155,464

99,402

 

730,315

1,087,787

Creditors: Amounts falling due within one year

7

(293,819)

(388,668)

Net current assets

 

436,496

699,119

Total assets less current liabilities

 

936,904

1,111,636

Creditors: Amounts falling due after more than one year

7

(497,102)

(878,250)

Provisions for liabilities

(132,702)

(103,129)

Net assets

 

307,100

130,257

Capital and reserves

 

Called up share capital

100

100

Retained earnings

307,000

130,157

Shareholders' funds

 

307,100

130,257

 

Moseley Developments Limited

(Registration number: 05868345)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 July 2025
 

.........................................
Mr Fredrick Tonge
Director

 

Moseley Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the director on 11 July 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 accounts have been produced on a going conern basis.

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 current and 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.

 

Moseley Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

The current income 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.

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

Office Equipment

25% Reducing balance

Plant and Machinery

10% Straight line

Motor Vehicles

20% Reducing balance

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.

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.

 

Moseley Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 February 2024

3,671

57,443

532,245

593,359

Additions

2,347

139,103

124,825

266,275

Disposals

-

(106,015)

-

(106,015)

At 31 January 2025

6,018

90,531

657,070

753,619

Depreciation

At 1 February 2024

1,873

5,744

173,225

180,842

Charge for the year

575

18,116

58,979

77,670

Eliminated on disposal

-

(5,301)

-

(5,301)

At 31 January 2025

2,448

18,559

232,204

253,211

Carrying amount

At 31 January 2025

3,570

71,972

424,866

500,408

At 31 January 2024

1,798

51,699

359,020

412,517

 

Moseley Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

2025
£

2024
£

Work in progress

-

201,863

 

Moseley Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

-

33,600

Amounts owed by related parties

394,323

319,082

Prepayments

 

46,273

58,086

Other debtors

 

134,255

375,754

   

574,851

786,522

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

60,567

57,055

Trade creditors

 

198,069

305,377

Accruals and deferred income

 

-

1,500

Other creditors

 

35,183

24,736

 

293,819

388,668


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £57,055 (2024 - £57,055).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

197,102

238,043

Other creditors

 

300,000

640,207

 

497,102

878,250

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £180,987 (2024 - £238,043).