REGISTERED NUMBER: 05085716 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOORSE AND MOORSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Moorse

Mrs L J J Moorse

SECRETARY:

L Moorse

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

05085716 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

47,991

15,421

47,991

15,421

CURRENT ASSETS

Stocks

44,426

45,111

Debtors

6

8,954

47

Cash at bank and in hand

5,712

49,302

59,092

94,460

CREDITORS

Amounts falling due within one year

7

102,480

66,511

NET CURRENT (LIABILITIES)/ASSETS

(43,388

)

27,949

TOTAL ASSETS LESS CURRENT LIABILITIES

4,603

43,370

CREDITORS

Amounts falling due after more than one year

8

(1,175

)

-

PROVISIONS FOR LIABILITIES

(3,178

)

(3,178

)

NET ASSETS

250

40,192

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150

40,092

SHAREHOLDERS' FUNDS

250

40,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 8 December 2025 and were signed on its behalf by:

L Moorse - Director

1.	STATUTORY INFORMATION

Moorse And Moorse 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.

Turnover

Turnover represents net retail sales of goods, excluding value added tax. Turnover is recognised at the point of sale in the store.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

180,000

AMORTISATION

At 1 April 2024

and 31 March 2025

180,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

146,834

3,410

150,244

Additions

41,707

-

41,707

At 31 March 2025

188,541

3,410

191,951

DEPRECIATION

At 1 April 2024

131,919

2,904

134,823

Charge for year

8,631

506

9,137

At 31 March 2025

140,550

3,410

143,960

NET BOOK VALUE

At 31 March 2025

47,991

-

47,991

At 31 March 2024

14,915

506

15,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

689

47

Corporation tax

8,265

-

8,954

47

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

47,317

-

Other loans

10,000

-

Trade creditors

29,931

36,365

Corporation tax

-

13,103

Social security and other taxes

6,192

11,066

Other creditors

2,927

4,801

Directors' current accounts

6,113

1,176

102,480

66,511

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,175

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company pays rent at an open market rate of £27,000 per annum to Mr L Moorse and Mrs L Moorse.

10.	RELATED PARTY DISCLOSURES

The company was controlled by Mr L Moorse and Mrs L Moorse, by virtue of the fact that, between them, they own 100% of the company's issued Ordinary share capital.