Company registration number 02452448 (England and Wales)
MORECHECK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MORECHECK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MORECHECK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
187,363
105,478
Current assets
Debtors
4
1,224,991
1,400,661
Cash at bank and in hand
2,551,122
893,344
3,776,113
2,294,005
Creditors: amounts falling due within one year
5
(1,786,858)
(825,730)
Net current assets
1,989,255
1,468,275
Total assets less current liabilities
2,176,618
1,573,753
Creditors: amounts falling due after more than one year
6
(45,000)
(105,000)
Provisions for liabilities
(39,666)
(18,736)
Net assets
2,091,952
1,450,017
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,091,852
1,449,917
Total equity
2,091,952
1,450,017
MORECHECK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 October 2025 and are signed on its behalf by:
Mr D A W Cook
Director
Company registration number 02452448 (England and Wales)
MORECHECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Morecheck Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 449, Oakshott Place, Walton Summit Centre, Bamber Bridge Preston, Lancashire, United Kingdom, PR5 8AU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue earned under contracts to provide goods and services. Revenue is recognised a earned when, and to the extent that, the firm obtains the right to consideration in exchange for the performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, excluding value added tax. For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, the stage of completion and the relevant contract terms. Unbilled revenue is included in debtors, under "amounts recoverable on contracts". Revenue billed in excess of work done is included in creditors, under "payments received on account".

Revenue recorded represents the aggregate of costs incurred during the year and a proportion of estimated profit on individual contracts based on the relationship of costs incurred to total estimated costs for each contract.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures and fittings
15% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MORECHECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Current 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.

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

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.

1.6
Retirement benefits

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

1.7
Leases
As lessee

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
21
24
MORECHECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
99,334
7,813
72,567
156,737
336,451
Additions
106,902
-
0
2,200
24,535
133,637
Disposals
-
0
-
0
-
0
(36,250)
(36,250)
At 31 March 2025
206,236
7,813
74,767
145,022
433,838
Depreciation and impairment
At 1 April 2024
87,642
4,731
59,884
78,716
230,973
Depreciation charged in the year
18,372
463
3,725
24,455
47,015
Eliminated in respect of disposals
-
0
-
0
-
0
(31,513)
(31,513)
At 31 March 2025
106,014
5,194
63,609
71,658
246,475
Carrying amount
At 31 March 2025
100,222
2,619
11,158
73,364
187,363
At 31 March 2024
11,692
3,082
12,683
78,021
105,478
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,107,716
1,143,717
Corporation tax recoverable
1,925
1,925
Other debtors
115,350
255,019
1,224,991
1,400,661
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
60,000
60,000
Trade creditors
1,405,813
426,421
Corporation tax
235,595
186,246
Other taxation and social security
39,938
118,888
Other creditors
45,512
34,175
1,786,858
825,730
MORECHECK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
45,000
105,000
7
Financial commitments, guarantees and contingent liabilities

The total amount of financial commitments not included in the balance sheet is £139,905 ( 2024 - £103,052 ). These commitments represent the minimum amounts payable by the company under non-cancellable operating leases.

8
Related party transactions

The company's immediate parent company is Vibrancy Limited and the ultimate parent company is Vibrancy III Limited. At the year end the company was owed £13,952 ( 2024 - £13,952 ) by Vibrancy III Limited and owed £114 ( 2024 - £114 ) to Vibrancy Limited.

9
Parent company

The company's immediate parent if Vibrancy Limited, incorporated in England and Wales.

The ultimate parent is Vibrancy III Limited, incorporated in England and Wales.

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