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Company Registration No. SC208746 (Scotland)
Moore Ross Limited Unaudited accounts for the year ended 30 November 2024
Moore Ross Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Moore Ross Limited Company Information for the year ended 30 November 2024
Directors
Brian Moore James Male
Company Number
SC208746 (Scotland)
Registered Office
7 Broomhead Drive Dunfermline KY12 9DT Scotland
Accountants
B2B Admin Ltd 69 Broad Street Cowdenbeath KY4 8JP
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Moore Ross Limited Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
6,566
5,345
Current assets
Inventories
20,000
16,930
Debtors
5
53,209
52,712
Cash at bank and in hand
292
15,024
73,501
84,666
Creditors: amounts falling due within one year
6
(45,427)
(40,236)
Net current assets
28,074
44,430
Total assets less current liabilities
34,640
49,775
Creditors: amounts falling due after more than one year
7
(18,702)
(22,002)
Provisions for liabilities
Deferred tax
(1,247)
(1,015)
Net assets
14,691
26,758
Capital and reserves
Called up share capital
200
200
Profit and loss account
14,491
26,558
Shareholders' funds
14,691
26,758
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by
James Male Director Company Registration No. SC208746
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Moore Ross Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Moore Ross Limited is a private company, limited by shares, registered in Scotland, registration number SC208746. The registered office is 7 Broomhead Drive, Dunfermline, KY12 9DT, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on completion of services; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current Tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
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Moore Ross Limited Notes to the Accounts for the year ended 30 November 2024
Inventories
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present condition.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.
Pension costs
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Leased assets
A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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Moore Ross Limited Notes to the Accounts for the year ended 30 November 2024
Provision for liabilities
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
49,955
25,820
75,775
Additions
2,379
-
2,379
At 30 November 2024
52,334
25,820
78,154
Depreciation
At 1 December 2023
46,384
24,046
70,430
Charge for the year
892
266
1,158
At 30 November 2024
47,276
24,312
71,588
Net book value
At 30 November 2024
5,058
1,508
6,566
At 30 November 2023
3,571
1,774
5,345
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
43,284
38,091
Accrued income and prepayments
661
1,249
Other debtors
3,862
4,350
47,807
43,690
Amounts falling due after more than one year
Other debtors
5,402
9,022
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Moore Ross Limited Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,431
3,443
VAT
15,084
18,252
Trade creditors
4,131
291
Taxes and social security
7,237
16,367
Proposed dividends
10,000
-
Other creditors
631
1,014
Accruals
913
869
45,427
40,236
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
18,702
22,002
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Brian Moore
Unsecured loan repayable by 8 July 2030 with interest at 2.5%
10,027
-
3,812
6,215
10,027
-
3,812
6,215
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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