Company No: 04232070 (England and Wales)

Contents

• Company Information
• Directors' Report
• Directors' Responsibilities Statement
• Accountants' Report
• Profit and Loss Account
• Balance Sheet
• Notes to the Financial Statements
• Detailed Profit and Loss Account

DIRECTORS	Mr D T Moore
	Mr T T Moore

SECRETARY

Mr T T Moore

REGISTERED OFFICE	Leanne House
	6 Avon Close
	Weymouth
	DT4 9UX
	United Kingdom

COMPANY NUMBER

04232070 (England and Wales)

CHARTERED ACCOUNTANTS	Albert Goodman LLP
	Leanne House
	6 Avon Close
	Weymouth
	Dorset
	DT4 9UX

The directors present their annual report and the unaudited financial statements of the Company for the financial year ended 31 July 2024.

PRINCIPAL ACTIVITIES

The principal activity of the company during the year was that of renting investment property and selling of land.
The secondary activity of the company during the year was that of amusement machine sales and operations.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

Mr D T Moore
Mr T T Moore

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved by the Board of Directors and signed on its behalf by:

Mr D T Moore Director

09 January 2025

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D T Moore (Sales) Ltd for the financial year ended 31 July 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that D T Moore (Sales) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D T Moore (Sales) Ltd. You consider that D T Moore (Sales) Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of D T Moore (Sales) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of D T Moore (Sales) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of D T Moore (Sales) Ltd and state those matters that we have agreed to state to the Board of Directors of D T Moore (Sales) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D T Moore (Sales) Ltd and its Board of Directors as a body for our work or for this report.

Albert Goodman LLP
Chartered Accountants

Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX

09 January 2025

		2024		2023
		£		£
Turnover		618,166		260,775
Cost of sales		( 332,374)		( 2,627)
Gross profit		285,792		258,148
Administrative expenses		( 157,788)		( 207,446)
Operating profit		128,004		50,702
Other non-operating loss		0		( 9,078)
Profit before interest and taxation		128,004		41,624
Interest receivable and similar income		11,265		2
Interest payable and similar expenses		( 21,434)		( 16,803)
Profit before taxation		117,835		24,823
Tax on profit		( 38,465)		( 11,495)
Profit for the financial year		79,370		13,328

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	166,210		111,924
Investment property	4	1,300,000		1,300,000
		1,466,210		1,411,924
Current assets
Stocks	5	620,164		884,301
Debtors	6	711,484		45,079
Cash at bank and in hand		32,180		361,225
		1,363,828		1,290,605
Creditors: amounts falling due within one year	7	( 999,836)		( 941,394)
Net current assets		363,992		349,211
Total assets less current liabilities		1,830,202		1,761,135
Creditors: amounts falling due after more than one year	8	( 149,532)		( 155,978)
Provision for liabilities		( 111,363)		( 119,642)
Net assets		1,569,307		1,485,515
Capital and reserves
Called-up share capital		1,000		1,000
Fair value reserve		309,148		304,725
Profit and loss account		1,259,159		1,179,790
Total shareholders' funds		1,569,307		1,485,515

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

The financial statements of D T Moore (Sales) Ltd (registered number: 04232070) were approved and authorised for issue by the Board of Directors on 09 January 2025. They were signed on its behalf by:

Mr D T Moore Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D T Moore (Sales) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 August 2023	277,548		104,624		382,172
Additions	0		112,819		112,819
Disposals	( 24,403)		0		( 24,403)
At 31 July 2024	253,145		217,443		470,588
Accumulated depreciation
At 01 August 2023	214,258		55,990		270,248
Charge for the financial year	12,089		33,312		45,401
Disposals	( 11,271)		0		( 11,271)
At 31 July 2024	215,076		89,302		304,378
Net book value
At 31 July 2024	38,069		128,141		166,210
At 31 July 2023	63,290		48,634		111,924

At the year end the net book value of fixed assets held under hire purchase agreement was £122,475 (2023 - £38,571).

4. Investment property

	Investment property
	£
Valuation
As at 01 August 2023	1,300,000
As at 31 July 2024	1,300,000

Valuation

The fair value of the investment properties class of fixed assets at 31 July 2024 has been estimated by the directors
who are internal to the company. The basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	899,596		899,596

5. Stocks

	2024		2023
	£		£
Stocks	620,164		884,301

6. Debtors

	2024		2023
	£		£
Other debtors	711,484		45,079

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	58,702		51,368
Trade creditors	43,173		47,791
Taxation and social security	149,809		107,598
Obligations under finance leases and hire purchase contracts	31,711		10,479
Other creditors	716,441		724,158
	999,836		941,394

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	73,937		132,297
Obligations under finance leases and hire purchase contracts (secured)	75,595		23,681
	149,532		155,978

Bank loans are secured by way of a fixed and floating charge, apart from CBIL's which are Government backed. Hire purchase contracts are secured against the assets they relate to.

9. Related party transactions

Transactions with the entity's directors

The directors loan account is repayable on demand and interest has been charged on overdrawn balance exceeding £10,000 at the official HMRC rates.

At 01 August 2023 the balance owed from the directors was £Nil. During the year, the company made advances to directors amounting to £909,165 and received repayments of £262,715 leaving a balance due from the directors of £646,450.

At 01 August 2022 the balance owed from the directors was £Nil. During the year, the company made advances to directors amounting to £21,376 and received repayments of £21,376 leaving a balance due from the directors of £Nil.

Other related party transactions

At the year end the company owed £129,095 (2023 - £129,095) to an associated company, it was also owed £42,784 (2023 - £45,079) by another associated company. These loans are unsecured, provided interest free and are repayable on demand.

	2024		2023
	£		£
Turnover
Sales	35,532		66,662
Rental revenue	203,466		190,876
Commission revenue	3,438		3,237
Other income	375,730		0
	618,166		260,775
Cost of sales
Opening stock	( 884,301)		( 733,517)
Direct costs	( 67,853)		( 153,300)
Closing stock	620,164		884,301
Repairs and maintenance	( 384)		( 111)
	(332,374)		(2,627)
Gross profit	285,792		258,148
Gross profit percentage	46.23%		98.99%
Administrative expenses
Wages and salaries	( 53,015)		( 67,786)
Employers NI	( 433)		0
Pensions	( 1,310)		( 1,519)
Directors' salaries	( 18,192)		( 18,192)
Travel and subsistence	0		( 167)
Rates	( 20,190)		( 11,915)
Use of home office	( 312)		( 312)
Water	( 7,355)		( 716)
Light and heat	1,241		( 30,785)
Waste disposal	( 405)		( 272)
Internet, telephone and fax	( 2,108)		( 885)
Bank charges	( 548)		( 656)
Subscriptions	750		( 625)
Insurance	1,369		( 3,828)
Depreciation	( 45,401)		( 28,073)
Motor expenses	( 1,385)		( 2,980)
Gain on sale of assets	8,700		0
Equipment hire	0		( 3,103)
Repairs and maintenance	1,797		( 5,202)
Accountancy fees	( 5,113)		( 6,373)
Legal and professional fees	( 615)		( 1,194)
Advertising and PR	0		( 206)
Licence expense	( 6,365)		( 13,163)
Net irrecoverable VAT	( 8,887)		( 9,460)
Sundry expenses	( 11)		( 34)
	(157,788)		(207,446)
Operating profit	128,004		50,702
Other non-operating loss	0		( 9,078)
Profit before interest and taxation	128,004		41,624
Interest receivable and similar income
Other interest receivable	11,265		2
Interest payable and similar expenses
Bank interest payable	( 13,701)		( 12,792)
Other interest payable	0		( 1,985)
Hire purchase interest payable	( 7,733)		( 2,026)
	(21,434)		(16,803)
Profit before taxation	117,835		24,823