Moss & Co Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07814501

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 2 APRIL 2018 TO 31 MARCH 2019

FOR

MOSS & CO TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D P Moss

Mrs L G Moss

SECRETARY:

Mrs L G Moss

REGISTERED OFFICE:

Jolly Sailors

Pakefield Street

Lowestoft

Suffolk

NR33 0JS

REGISTERED NUMBER:

07814501

ACCOUNTANTS:

Tubbs Son Giles & Co Limited

18 Gordon Road

Lowestoft

Suffolk

NR32 1NL

FIXED ASSETS

Tangible assets

4

189,831

180,078

CURRENT ASSETS

Stocks

63,855

55,793

Debtors

5

288,126

270,337

Cash in hand

85,677

127,822

437,658

453,952

CREDITORS

Amounts falling due within one year

6

679,051

608,301

NET CURRENT LIABILITIES

(241,393

)

(154,349

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51,562

)

25,729

PROVISIONS FOR LIABILITIES

3,871

16,998

NET (LIABILITIES)/ASSETS

(55,433

)

8,731

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(55,435

)

8,729

SHAREHOLDERS' FUNDS

(55,433

)

8,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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.

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

The financial statements were approved by the Board of Directors on 30 December 2019 and were signed on its behalf by:

Mr D P Moss - Director

1.	STATUTORY INFORMATION

Moss & Co Trading Limited is a private company, limited by shares , registered in Not specified/Other. 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

Turnover 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.

Plant and machinery etc

-

15% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 106 (2018 - 87 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 2 April 2018

115,212

84,774

229,153

10,511

439,650

Additions

-

22,531

31,255

4,729

58,515

At 31 March 2019

115,212

107,305

260,408

15,240

498,165

DEPRECIATION

At 2 April 2018

39,710

59,324

154,065

6,473

259,572

Charge for period

11,521

8,014

27,670

1,557

48,762

At 31 March 2019

51,231

67,338

181,735

8,030

308,334

NET BOOK VALUE

At 31 March 2019

63,981

39,967

78,673

7,210

189,831

At 1 April 2018

75,502

25,450

75,088

4,038

180,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

1.4.18

£

£

Amounts owed by group undertakings

-

55,182

Other debtors

288,126

215,155

288,126

270,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

1.4.18

£

£

Bank loans and overdrafts

23,059

49,247

Trade creditors

263,991

238,965

Amounts owed to group undertakings

44,818

-

Taxation and social security

168,012

140,407

Other creditors

179,171

179,682

679,051

608,301

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

1.4.18

£

£

Bank overdrafts

23,059

49,247

The bank overdraft is secured by a fixed and floating charge over all the company's assets. This charge was

created during the year.

The above amounts in other creditors are secured by a fixed charge over the leasehold of one of the public

houses operated by the company.

8.	OTHER FINANCIAL COMMITMENTS

Total amount of commitments guarantees and contingencies is £1,278,160 (2018:£979,500)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors withdrew £81,265 from the company and repaid £60,000

At the year end the balance due from the directors to the company was £93,262 (2018: £71,997)

This amount is unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Moss & Co (Holdings) Limited, a company incorporated in Great

Britain.