General Information
Moo-Clothing Limited is a private company, limited by shares, registered in England and Wales, registration number 06343122, registration address 127 Heaton Moor Road, Stockport, SK4 4HY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
20% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 10 (2024 : 10).
|
| 3. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 March 2024 |
16,000 |
|
16,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2025 |
16,000 |
|
16,000 |
| Amortisation |
| At 01 March 2024 |
3,200 |
|
3,200 |
| Charge for year |
1,600 |
|
1,600 |
| On disposals |
- |
|
- |
| At 28 February 2025 |
4,800 |
|
4,800 |
| Net book values |
| At 28 February 2025 |
11,200 |
|
11,200 |
| At 29 February 2024 |
12,800 |
|
12,800 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 March 2024 |
52,020 |
|
4,443 |
|
56,463 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 28 February 2025 |
52,020 |
|
4,443 |
|
56,463 |
| Depreciation |
| At 01 March 2024 |
29,657 |
|
2,256 |
|
31,913 |
| Charge for year |
4,472 |
|
437 |
|
4,909 |
| On disposals |
- |
|
- |
|
- |
| At 28 February 2025 |
34,129 |
|
2,693 |
|
36,822 |
| Net book values |
| Closing balance as at 28 February 2025 |
17,891 |
|
1,750 |
|
19,641 |
| Opening balance as at 01 March 2024 |
22,363 |
|
2,187 |
|
24,550 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|