MORE CONVENIENT LIMITED


Director	SCOTT, Barbara


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	09103987 (England and Wales)

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	25	-
Office Equipment	-	33

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		6

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 24	41,110	5,762	46,872
At 31 August 25	41,110	5,762	46,872
Depreciation and impairment
At 01 September 24	21,854	5,345	27,199
Charge for year	4,814	411	5,225
At 31 August 25	26,668	5,756	32,424
Net book value
At 31 August 25	14,442	6	14,448
At 31 August 24	19,256	417	19,673

4.	Stocks

	2025	2024
	£	£
Other stocks	40,000	54,000
Total	40,000	54,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	201,083	158,994
Prepayments and accrued income	8,392	6,052
Total	209,475	165,046


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,063	5,182
Taxation and social security	2,700	9,929
Other creditors	65,141	47,159
Accrued liabilities and deferred income	11,177	1,734
Total	82,081	64,004


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,745	3,738
Total	2,745	3,738

8.	Operating lease commitments
	At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £67,685 (2024 – £105,060).

9.	Related party transactions
	During the period, total dividends of £nil (2024 : £nil) were paid to the director. At the balance sheet date the company owed £10,323 (2024: £47,032) to the director which is an interest free loan with no fixed date for repayment. Related company transactions MGL Investments Limited- a related company under common control of the director During the year, the company provided an additional interest free loan of £39,208. The balance owed by the related company at the balance sheet date was £198,172 (2024 : £158,964 ). There is no fixed date for repayment. M Scott Architectural Design Limited- a related company under common control of the director During the year the related party provided an interest free loan of £50,000 (2024- nil) to the reporting entity. At the balance sheet date the reporting entity owed £50,000 (2024 -nil) to the related party. There was no fixed date for repayment.

Related party transactions

During the period, total dividends of £nil (2024 : £nil) were paid to the director.

At the balance sheet date the company owed £10,323 (2024: £47,032) to the director which is an interest free loan with no fixed date for repayment.

Related company transactions
MGL Investments Limited- a related company under common control of the director 

During the year, the company provided an additional interest free loan of £39,208. The balance owed by the related company at the balance sheet date was £198,172 (2024 : £158,964 ). There is  no fixed date for repayment.

M Scott Architectural Design Limited-  a related company under common control of the director
During the year the related party provided an interest free loan of £50,000 (2024- nil) to the reporting entity. 

At the balance sheet date the reporting entity owed £50,000 (2024 -nil) to the related party. There was no fixed date for repayment.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		14,448		19,673
			14,448		19,673
Current assets
Stocks	4	40,000		54,000
Debtors	5	209,475		165,046
Cash at bank and on hand		9,291		17,943
		258,766		236,989
Creditors amounts falling due within one year	6	(82,081)		(64,004)
Net current assets (liabilities)			176,685		172,985
Total assets less current liabilities			191,133		192,658
Provisions for liabilities	7		(2,745)		(3,738)
Net assets			188,388		188,920
Capital and reserves
Called up share capital			10		10
Profit and loss account			188,378		188,910
Shareholders' funds			188,388		188,920