Moore - Wilson Limited - Period Ending 2022-06-30
Moore - Wilson Limited - Period Ending 2022-06-30
Registration number:
Moore - Wilson Limited
for the Year Ended 30 June 2022
Moore - Wilson Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Moore - Wilson Limited
Company Information
Director |
Mr SC Wilson |
Registered office |
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Accountants |
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Moore - Wilson Limited
(Registration number: 04828022)
Balance Sheet as at 30 June 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
202 |
202 |
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Retained earnings |
22,471 |
12,017 |
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Shareholders' funds |
22,673 |
12,219 |
For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Moore - Wilson Limited
(Registration number: 04828022)
Balance Sheet as at 30 June 2022 (continued)
Approved and authorised by the
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Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £1.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Sales for services are recognised at the start of each month in which the services are to be provided.
Tax
The tax expense for the period comprises current 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.
Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
2 |
Accounting policies (continued) |
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.
Tangible assets
Tangible assets are stated in the balance sheet 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 |
Fixtures and Fittings |
15% on reducing balance |
Investments
Investments shown in the accounts are stated at cost, subject to any impairment.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
2 |
Accounting policies (continued) |
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 July 2021 |
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- |
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Additions |
- |
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At 30 June 2022 |
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Depreciation |
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At 1 July 2021 |
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- |
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Charge for the year |
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At 30 June 2022 |
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Carrying amount |
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At 30 June 2022 |
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At 30 June 2021 |
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Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
Investments |
2022 |
2021 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 July 2021 |
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Provision |
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Carrying amount |
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At 30 June 2022 |
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At 30 June 2021 |
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Debtors |
Note |
2022 |
2021 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Current |
Note |
2022 |
2021 |
Amounts owed by related parties |
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Other debtors |
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Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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- |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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- |
Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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110 |
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110 |
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10 |
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10 |
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41 |
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41 |
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41 |
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41 |
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Loans and borrowings |
2022 |
2021 |
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Non-current loans and borrowings |
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Hire purchase contracts |
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- |
2022 |
2021 |
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Current loans and borrowings |
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Hire purchase contracts |
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- |
Moore - Wilson Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022 (continued)
Related party transactions |
The company traded with its subsidiary companies during the year. The balances at the year end and aggregate sales / purchases during the year were as follows:
Due from another group company £81,016 (2021 : £85,768). Management fees £443,983 (2021 : £445,605).
Due to another group company £1,738 (2021 : £1,815). There were no purchases or sales in the year.
Due from another group company £7,505 (2021 : £7,505).