MOSELEY BROTHERS LIMITED 30/09/2025 iXBRL

Company registration number: 07104813

MOSELEY BROTHERS LIMITED

Unaudited abridged financial statements

30 September 2025

MOSELEY BROTHERS LIMITED

Contents

Directors report

Abridged statement of comprehensive income

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

MOSELEY BROTHERS LIMITED

Directors report

Year ended 30 September 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2025.

Directors

The directors who served the company during the year were as follows:


J R Hickman
J F Cooper
R Hickman
P J Aust

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 27 May 2026 and signed on behalf of the board by:

J R Hickman

Director

MOSELEY BROTHERS LIMITED

Abridged statement of comprehensive income

Year ended 30 September 2025

		2025	2024
	Note	£	£

Gross profit		923,776	945,200

Administrative expenses		( 706,238)	( 708,515)
		_______	_______
Operating profit		217,538	236,685

Other interest receivable and similar income		267	609
Interest payable and similar expenses		( 92,898)	( 92,159)
		_______	_______
Profit before taxation	5	124,907	145,135

Tax on profit		( 28,071)	( 82,247)
		_______	_______
Profit for the financial year and total comprehensive income		96,836	62,888
		_______	_______

All the activities of the company are from continuing operations.

MOSELEY BROTHERS LIMITED

Abridged statement of financial position

30 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	2,524,381		2,522,922
		_______		_______
			2,524,381		2,522,922

Current assets
Stocks		166,881		246,453
Debtors		277,713		259,583
Investments	8	-		14,461
Cash at bank and in hand		3,547		2,203
		_______		_______
		448,141		522,700
Creditors: amounts falling due
within one year	9	( 677,783)		( 829,141)
		_______		_______
Net current liabilities			( 229,642)		( 306,441)
			_______		_______
Total assets less current liabilities			2,294,739		2,216,481

Creditors: amounts falling due
after more than one year	10		( 1,161,509)		( 1,088,362)

Provisions for liabilities			( 112,893)		( 104,618)

			_______		_______
Net assets			1,020,337		1,023,501
			_______		_______

Capital and reserves
Called up share capital			300		300
Revaluation reserve			591,958		591,958
Profit and loss account			428,079		431,243
			_______		_______
Shareholders funds			1,020,337		1,023,501
			_______		_______

For the year ending 30 September 2025 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 year in question in accordance with section 476;

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

J R Hickman

Director

Company registration number: 07104813

MOSELEY BROTHERS LIMITED

Statement of changes in equity

Year ended 30 September 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 October 2023	300	591,958	515,025	1,107,283

Profit for the year			62,888	62,888
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	62,888	62,888

Dividends paid and payable			( 146,670)	( 146,670)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 146,670)	( 146,670)

	_______	_______	_______	_______
At 30 September 2024 and 1 October 2024	300	591,958	431,243	1,023,501

Profit for the year			96,836	96,836
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	96,836	96,836

Dividends paid and payable			( 100,000)	( 100,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 100,000)	( 100,000)

	_______	_______	_______	_______
At 30 September 2025	300	591,958	428,079	1,020,337
	_______	_______	_______	_______

MOSELEY BROTHERS LIMITED

Notes to the financial statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Unit 5, Narrowboat Way, Blackbrook Trading Estate, Dudley, West Midlands, DY2 0XQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property improvements	-	Straight line over 10 years
Plant and machinery	-	10% - 20% Straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 26 (2024: 27 ).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	47,390	93,768
	_______	_______

6. Intangible assets


		£
	Cost
	At 1 October 2024 and 30 September 2025	193,879
		_______
	Amortisation
	At 1 October 2024 and 30 September 2025	193,879
		_______
	Carrying amount
	At 30 September 2025	-
		_______
	At 30 September 2024	-
		_______

7. Tangible assets


		£
	Cost
	At 1 October 2024	4,490,017
	Additions	48,849
	Disposals	( 52,250)
		_______
	At 30 September 2025	4,486,616
		_______
	Depreciation
	At 1 October 2024	1,967,095
	Charge for the year	47,390
	Disposals	( 52,250)
		_______
	At 30 September 2025	1,962,235
		_______
	Carrying amount
	At 30 September 2025	2,524,381
		_______
	At 30 September 2024	2,522,922
		_______

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


		£
	At 30 September 2025
	Aggregate cost	2,282,660
	Aggregate depreciation	(233,473)
		_______
	Carrying amount	2,049,187
		_______

	At 30 September 2024
	Aggregate cost	2,282,660
	Aggregate depreciation	(221,156)
		_______
	Carrying amount	2,061,504
		_______

Land and buildings are included at valuation. The valuation is based on a professional valuation prepared by Harris Lamb Property Consultants on 9 June 2022.

8. Investments

	2025	2024
	£	£
Schroders London investment at cost	-	14,461
	_______	_______

9. Creditors: amounts falling due within one year

Details of security of bank loans can be seen at note 10.

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

The company have two Coronavirus Business Interruption Loan secured in October 2023 for £100,000 each. These are repayable over 6 years and has an interest rate of 2.4% per annum over base rate.

Included within creditors: amounts falling due after more than one year is an amount of £ 400,721 (2024 £ 503,455 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The company have variety of loans with Lloyds Bank. These carry annual rates of interest between 6. 13% and 6.24% and are secured by way of fixed and floating charge against the freehold land and buildings.

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	J R Hickman	( 22,503)	( 68,790)	-	( 91,293)
	R Hickman	-	-	-	-
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	J R Hickman	-	( 22,503)	-	( 22,503)
	R Hickman	( 2,500)	-	2,500	-
		_______	_______	_______	_______
		( 2,500)	( 22,503)	2,500	( 22,503)
		_______	_______	_______	_______

The company has taken advantage of the exemption under SAC 35 not to disclose transactions which have been conducted under normal market conditions. Loans from directors are interest free and repayable upon demand.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Sales and administration charges	363,304	437,759	-	-
Purchases	141,027	220,516	-	-
Rent receivable	50,593	50,593	-	-
Aggregate amounts due from/(to) related party	-	-	( 9,941)	2,653
	_______	_______	_______	_______

The above transactions relate to G F Laser Limited. Mr J Hickman had an interest in G F Laser Limited. During the year business was conducted with this company at arms-length.