REGISTERED NUMBER: 02995699 (England and Wales)

MOSCHATEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Franklin

Mrs G D Franklin

SECRETARY:

Mrs G D Franklin

REGISTERED OFFICE:

Vale Road

Spilsby

Lincolnshire

PE23 5HE

REGISTERED NUMBER:

02995699 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Property, plant and equipment

4

2,554,229

2,621,890

CURRENT ASSETS

Inventories

940,771

980,766

Debtors

590,159

918,077

Cash at bank and in hand

69,344

3,164

1,600,274

1,902,007

CREDITORS

Amounts falling due within one year

440,404

669,347

NET CURRENT ASSETS

1,159,870

1,232,660

TOTAL ASSETS LESS CURRENT LIABILITIES

3,714,099

3,854,550

CREDITORS

Amounts falling due after more than one year

5

(237,998

)

(335,408

)

PROVISIONS FOR LIABILITIES

(42,056

)

(47,891

)

NET ASSETS

3,434,045

3,471,251

CAPITAL AND RESERVES

Called up share capital

29,500

29,500

Retained earnings

3,404,545

3,441,751

3,434,045

3,471,251

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mr M Franklin - Director

1.	STATUTORY INFORMATION

Moschatel 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

30% on reducing balance and 1% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost and 2% on cost

Motor vehicles

-

33% on cost and 25% on cost

Computer equipment

-

30% on reducing balance, 25% on cost and 10% on cost

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised on the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term., whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 27 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 January 2025

4,485,816

Additions

23,118

Disposals

(2,207

)

At 31 December 2025

4,506,727

DEPRECIATION

At 1 January 2025

1,863,926

Charge for year

90,779

Eliminated on disposal

(2,207

)

At 31 December 2025

1,952,498

NET BOOK VALUE

At 31 December 2025

2,554,229

At 31 December 2024

2,621,890

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

12,071

35,970

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

231,247

Bank loans

321,875

405,751

Hire purchase contracts

15,915

33,686

337,790

670,684

The bank holds legal charges over the company property in respect of the borrowings outstanding.