Moor Instruments Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Moor Instruments Ltd

(Registration number: 02209367)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	14,394	16,662
Tangible assets	5	38,295	48,767
		52,689	65,429
Current assets
Stocks	6	1,157,668	1,126,940
Debtors	7	373,047	684,209
Cash at bank and in hand		472,833	1,019,521
		2,003,548	2,830,670
Creditors: Amounts falling due within one year	8	(126,058)	(234,184)
Net current assets		1,877,490	2,596,486
Total assets less current liabilities		1,930,179	2,661,915
Provisions for liabilities		(10,125)	(12,165)
Net assets		1,920,054	2,649,750
Capital and reserves
Called up share capital		500,071	500,071
Other reserves		84,747	84,747
Profit and loss account		1,335,236	2,064,932
Shareholders' funds		1,920,054	2,649,750

For the financial year ending 30 April 2026 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 prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 17 August 2026
 

Moor Instruments Ltd

(Registration number: 02209367)
Statement of Financial Position as at 30 April 2026 (continued)

Mr D M Bridges Director

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Millwey Industrial Estate
Millwey Rise
Axminster
Devon
EX13 5HU

Principal activity

The principal activity of the company is that of the development, manufacture and sale of biomedical electronic equipment.

2	Accounting policies

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 Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold properties	Straight line over the life of the lease
Plant and machinery	25% reducing balance
Fittings fixtures and equipment	20% reducing balance
Website	Straight line over 3 years

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.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Stocks

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

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

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2025 - 22).

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 May 2025	160,525	160,525
Additions acquired separately	958	958
At 30 April 2026	161,483	161,483
Amortisation
At 1 May 2025	143,863	143,863
Amortisation charge	3,226	3,226
At 30 April 2026	147,089	147,089
Carrying amount
At 30 April 2026	14,394	14,394
At 30 April 2025	16,662	16,662

5	Tangible assets

	Long leasehold property £	Fixtures, fittings and equipment £	Plant and machinery £	Website £	Total £
Cost or valuation
At 1 May 2025	133,772	16,835	275,207	14,470	440,284
Additions	-	-	562	-	562
At 30 April 2026	133,772	16,835	275,769	14,470	440,846
Depreciation
At 1 May 2025	126,727	16,092	234,229	14,469	391,517
Charge for the year	696	138	10,200	-	11,034
At 30 April 2026	127,423	16,230	244,429	14,469	402,551
Carrying amount
At 30 April 2026	6,349	605	31,340	1	38,295
At 30 April 2025	7,045	743	40,978	1	48,767

Moor Instruments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

5	Tangible assets (continued)

Included within the net book value of land and buildings above is £6,349 (2025 - £7,045) in respect of long leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Finished goods and goods for resale	1,157,668	1,126,940

7

Debtors

	2026 £	2025 £
Trade debtors	319,701	645,785
Prepayments	53,346	38,424
	373,047	684,209

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	57,240	145,252
Taxation and social security	13,934	53,877
Accruals and deferred income	54,884	35,055
	126,058	234,184

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10	Off-balance sheet arrangements

Employee Ownership Trust
On the 21 November 2025 100% of the share capital of Moor Instruments Limited was acquired by Moor Instruments Employee Ownership Trust. Deferred consideration for the share purchase will be payable in future periods and is dependent upon profit.