Moorby Developments Limited - Accounts to registrar (filleted) - small 22.3

Moorby Developments Limited - Accounts to registrar (filleted) - small 22.3

MOORBY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 07207259 (England and Wales)















MOORBY DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022





Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB








MOORBY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07207259)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


MOORBY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: K G Whall





SECRETARY: A Whall





REGISTERED OFFICE: Fish Pond Farm
Fir Park
Market Rasen
Lincolnshire
LN8 3YN





REGISTERED NUMBER: 07207259 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOORBY DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moorby Developments Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Moorby Developments Limited in accordance with the terms of our engagement letter dated 14 July 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Moorby Developments Limited and state those matters that we have agreed to state to the director of Moorby Developments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Moorby Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moorby Developments Limited. You consider that Moorby Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moorby Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB


1 March 2023

This page does not form part of the statutory financial statements

Page 2
MOORBY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07207259)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,101 64,503

CURRENT ASSETS
Stocks 1,569,865 1,909,443
Debtors 5 350,370 360,484
Cash at bank 427,215 79,256
2,347,450 2,349,183
CREDITORS
Amounts falling due within one year 6 96,670 190,911
NET CURRENT ASSETS 2,250,780 2,158,272
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,301,881
2,222,775

PROVISIONS FOR LIABILITIES 9,709 13,705
NET ASSETS 2,292,172 2,209,070

CAPITAL AND RESERVES
Called up share capital 2,200,002 2,200,002
Retained earnings 92,170 9,068
SHAREHOLDERS' FUNDS 2,292,172 2,209,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 March 2023 and were signed by:





K G Whall - Director


The notes form part of these financial statements

Page 3
MOORBY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07207259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Moorby Developments 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
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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 107,607 49,000 2,645 159,252
Additions 594 - - 594
At 31 March 2022 108,201 49,000 2,645 159,846
DEPRECIATION
At 1 April 2021 50,315 42,459 1,975 94,749
Charge for year 12,093 1,635 268 13,996
At 31 March 2022 62,408 44,094 2,243 108,745
NET BOOK VALUE
At 31 March 2022 45,793 4,906 402 51,101
At 31 March 2021 57,292 6,541 670 64,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts due from associated
companies 322,461 322,461
VAT 27,297 37,326
Prepayments 612 697
350,370 360,484

Page 4 continued...
MOORBY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07207259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1 1
Tax 11,370 -
Social security and other taxes 934 1,760
Directors' current accounts 82,785 187,785
Accrued expenses 1,580 1,365
96,670 190,911

Page 5