Registration number: 03330815

Moorgate Acoustics (Sheffield) Limited

(Registration number: 03330815)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	4,051	6,470
Investments	4	24,120	24,120
		28,171	30,590
Current assets
Stocks		580,102	564,669
Debtors	5	1,601	9,008
Cash at bank and in hand		48,215	42,688
		629,918	616,365
Creditors: Amounts falling due within one year	6	(183,728)	(195,469)
Net current assets		446,190	420,896
Total assets less current liabilities		474,361	451,486
Provisions for liabilities		(1,000)	(1,000)
Net assets		473,361	450,486
Capital and reserves
Called up share capital		5,000	5,000
Retained earnings		468,361	445,486
Shareholders' funds		473,361	450,486

Moorgate Acoustics (Sheffield) Limited

(Registration number: 03330815)

Balance Sheet as at 31 March 2025 (continued)

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 15 December 2025
 

.........................................

P Hobson

Director

Moorgate Acoustics (Sheffield) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Moorgate Acoustics (Sheffield) Limited is a private company, limited by shares, domiciled in England and Wales, company number 03330815. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 Section 1A Small Entities.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised at the point of sale or upon delivery of goods.

Tax

The tax expense for the period comprises 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.

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.

Moorgate Acoustics (Sheffield) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Fixtures, fittings and equipment	20% straight line
Improvements to leasehold property	over the period of the lease

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

Moorgate Acoustics (Sheffield) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Tangible assets

	Improvements to leasehold property £	Fixtures, fittings and equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	11,712	18,494	16,495	46,701
At 31 March 2025	11,712	18,494	16,495	46,701
Depreciation
At 1 April 2024	9,368	17,633	13,230	40,231
Charge for the year	1,172	431	816	2,419
At 31 March 2025	10,540	18,064	14,046	42,650
Carrying amount
At 31 March 2025	1,172	430	2,449	4,051
At 31 March 2024	2,344	861	3,265	6,470

4	Investments in subsidiaries, joint ventures and associates

	2025 £	2024 £
Investments in subsidiaries	24,120	24,120