REGISTERED NUMBER: 03677048 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

MOORE READYMIX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Moore

Mrs D Moore

SECRETARY:

Miss L M Moore

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

03677048 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

359,902

445,368

CURRENT ASSETS

Stocks

5

70,234

64,688

Debtors

6

830,618

721,036

Cash at bank and in hand

798,514

763,117

1,699,366

1,548,841

CREDITORS

Amounts falling due within one year

7

1,251,116

1,106,633

NET CURRENT ASSETS

448,250

442,208

TOTAL ASSETS LESS CURRENT LIABILITIES

808,152

887,576

CREDITORS

Amounts falling due after more than one year

8

(67,195

)

(152,106

)

PROVISIONS FOR LIABILITIES

(75,641

)

(86,724

)

NET ASSETS

665,316

648,746

CAPITAL AND RESERVES

Called up share capital

11

325,000

325,000

Retained earnings

340,316

323,746

SHAREHOLDERS' FUNDS

665,316

648,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th April 2025 and were signed on its behalf by:

Mr R Moore - Director

1.	STATUTORY INFORMATION

Moore Readymix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied, stated net of discounts and of Value Added Tax.

Sale of goods:

Revenue from the sale of goods is recognised when the following conditions are satisfied:

- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity; and

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Production plant

- straight line over 15 years

Improvements to property

- 33.3% on cost

Plant and machinery

- 20% on cost

Computer equipment

- 33.3% on cost

Concrete mixers

- 33.3% on cost

Motor vehicles

- 25% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is immediately recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company makes payments to the director's and employees own private pension plans. Contributions into the pension plans are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Production

Plant and

property

plant

machinery

£

£

£

COST

At 1st January 2024

10,417

377,645

284,725

Additions

-

-

7,820

Disposals

-

-

-

At 31st December 2024

10,417

377,645

292,545

DEPRECIATION

At 1st January 2024

10,417

349,754

112,128

Charge for year

-

4,390

43,991

Eliminated on disposal

-

-

-

At 31st December 2024

10,417

354,144

156,119

NET BOOK VALUE

At 31st December 2024

-

23,501

136,426

At 31st December 2023

-

27,891

172,597

Concrete

Motor

Computer

mixers

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2024

577,163

170,744

8,493

1,429,187

Additions

-

80,844

2,108

90,772

Disposals

-

(77,000

)

-

(77,000

)

At 31st December 2024

577,163

174,588

10,601

1,442,959

DEPRECIATION

At 1st January 2024

396,432

106,595

8,493

983,819

Charge for year

97,759

16,739

586

163,465

Eliminated on disposal

-

(64,227

)

-

(64,227

)

At 31st December 2024

494,191

59,107

9,079

1,083,057

NET BOOK VALUE

At 31st December 2024

82,972

115,481

1,522

359,902

At 31st December 2023

180,731

64,149

-

445,368

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Concrete

Motor

machinery

mixers

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

172,000

352,889

-

524,889

Additions

-

-

59,944

59,944

At 31st December 2024

172,000

352,889

59,944

584,833

DEPRECIATION

At 1st January 2024

19,934

198,494

-

218,428

Charge for year

34,400

86,759

1,249

122,408

At 31st December 2024

54,334

285,253

1,249

340,836

NET BOOK VALUE

At 31st December 2024

117,666

67,636

58,695

243,997

At 31st December 2023

152,066

154,395

-

306,461

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

70,234

64,688

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

804,735

697,213

Amounts owed by group undertakings

-

957

Other debtors

6,500

6,500

Due from related party

672

92

Prepayments and accrued income

18,711

16,274

830,618

721,036

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

97,701

100,093

Trade creditors

920,052

824,136

Amounts owed to group undertakings

43

-

Tax

130,946

86,616

Social security and other taxes

80,375

75,222

Other creditors

7,536

8,827

Accruals and deferred income

14,463

11,739

1,251,116

1,106,633

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

67,195

152,106

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

97,701

100,093

Between one and five years

67,195

152,106

164,896

252,199

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

71,796

71,796

Between one and five years

197,992

228,988

In more than five years

34,000

68,000

303,788

368,784

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

164,896

252,199

The HP liabilities are secured over the specific plant and machinery on which the HP was raised.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

325,000

Ordinary

£1

325,000

325,000

12.	RELATED PARTY DISCLOSURES

D Murphy Properties Ltd

The company has loaned monies to D Murphy Properties Ltd and the sum outstanding at the year end totalled £672 (2023 £92). D Murphy Properties Ltd is a company in which Mr & Mrs R Moore own 100% of the share capital. There is no formal repayment date for this loan.

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R & Mrs D Moore by virtue of their holding 85% of the share capital in the ultimate parent company Moore Readymix Holdings Ltd.