MORE AND MORE C LIMITED Accounts

MORE AND MORE C LIMITED - Company Information






MORE AND MORE C LIMITED

	Company No. 10876967
		Information for Filing with The Registrar
		31 May 2023

The Director presents his report and the accounts for the year ended 31 May 2023.

Principal activities
The principal activity of the company during the year under review was that of a holding company.




Director

The Director who served at any time during the year was as follows:

C.S. BURGESS







































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C.S. BURGESS
Director
08 September 2023

at	31 May 2023
Company No.		10876967	Notes	2023	2022
				£	£
Fixed assets



	Investments		4	1	1
				1	1
Current assets

	Debtors		5	-	66,880

	Cash at bank and in hand			408,508	432,623
				408,508	499,503
Creditors: Amount falling due within one year			6	(729)	(1,396)
Net current assets				407,779	498,107
Total assets less current liabilities				407,780	498,108




Net assets				407,780	498,108

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		8	407,680	498,008

Total equity				407,780	498,108



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 08 September 2023
And signed on its behalf by:
C.S. BURGESS
Director
08 September 2023

for the year ended 31 May 2023

General information

Its registered number is: 10876967

Its registered office is:

First Floor - East

52-53 Margaret Street

London

W1W 8SQ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 June 2022	1	1



		At 31 May 2023	1	1
		Provisions/Impairment





		Net book values
		At 31 May 2023	1	1
		At 31 May 2022	1	1

5	Debtors
			2023	2022
			£	£


		Corporation tax recoverable	-	66,880





			-	66,880

6	Creditors:
		amounts falling due within one year
			2023	2022
			£	£






		Taxes and social security	98	766
		Loans from directors	631	630


			729	1,396

Share Capital

1,000 Ordinary A shares of £0.10

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2023	2022
			£	£
		Dividends for the period:
		Dividends paid in the period	414,911	110,528

			414,911	110,528

		Dividends by type:

		Equity dividends	414,911	110,528
			414,911	110,528