Registered number
12121112
Moreissh Ltd
Filleted Accounts
31 July 2024
Moreissh Ltd
Registered number: 12121112
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1,200
Tangible assets 4 9,360 12,480
9,361 13,680
Current assets
Stocks 95,450 99,950
Debtors 5 995 995
Cash at bank and in hand 14,480 12,068
110,925 113,013
Creditors: amounts falling due within one year 6 (104,848) (109,296)
Net current assets 6,077 3,717
Total assets less current liabilities 15,438 17,397
Creditors: amounts falling due after more than one year 7 (44,575) (29,260)
Net liabilities (29,137) (11,863)
Capital and reserves
Called up share capital 1 1
Profit and loss account (29,138) (11,864)
Shareholder's funds (29,137) (11,863)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Nikiben Bharatkumar Shah
Director
Approved by the board on 10 July 2025
Moreissh Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% Reducing Balance
Motor Vehicle 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 6,000
At 31 July 2024 6,000
Amortisation
At 1 August 2023 4,800
Provided during the year 1,199
At 31 July 2024 5,999
Net book value
At 31 July 2024 1
At 31 July 2023 1,200
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures & Fittings Motor vehicles Total
£ £ £
Cost
At 1 August 2023 2,660 14,137 16,797
At 31 July 2024 2,660 14,137 16,797
Depreciation
At 1 August 2023 783 3,534 4,317
Charge for the year 469 2,651 3,120
At 31 July 2024 1,252 6,185 7,437
Net book value
At 31 July 2024 1,408 7,952 9,360
At 31 July 2023 1,877 10,603 12,480
5 Debtors 2024 2023
£ £
Trade debtors 995 995
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,680 62,729
Obligations under finance lease and hire purchase contracts 11,707 14,137
Trade creditors 23,134 22,207
Taxation and social security costs 22,793 6,523
Other creditors 21,534 3,700
104,848 109,296
7 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Loan Account ** 44,575 29,260
** The Company enjoys full support from the Director, who has no intention of making any substantial withdrawal from the loan to it, and as such these accounts have been prepared on the basis of there being no going concern issues.
8 Other information
Moreissh Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Main Street
Huthwaite
Sutton-in-Ashfield
NG17 2QW
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