Moorprint (Ilkley) Ltd 31/03/2023 iXBRL

Moorprint (Ilkley) Ltd 31/03/2023 iXBRL

MOORPRINT (ILKLEY) LIMITED - Company Information

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1 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06005630 2022-04-01 2023-03-31 06005630 2023-03-31 06005630 2022-03-31 06005630 2021-04-01 2022-03-31 06005630 2022-03-31 06005630 core:PlantMachinery 2022-04-01 2023-03-31 06005630 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06005630 bus:Director1 2022-04-01 2023-03-31 06005630 core:NetGoodwill 2023-03-31 06005630 core:PlantMachinery 2022-03-31 06005630 core:FurnitureFittingsToolsEquipment 2022-03-31 06005630 core:PlantMachinery 2023-03-31 06005630 core:FurnitureFittingsToolsEquipment 2023-03-31 06005630 core:WithinOneYear 2023-03-31 06005630 core:WithinOneYear 2022-03-31 06005630 core:AfterOneYear 2023-03-31 06005630 core:AfterOneYear 2022-03-31 06005630 core:ShareCapital 2023-03-31 06005630 core:ShareCapital 2022-03-31 06005630 core:RetainedEarningsAccumulatedLosses 2023-03-31 06005630 core:RetainedEarningsAccumulatedLosses 2022-03-31 06005630 core:NetGoodwill 2022-03-31 06005630 core:PlantMachinery 2022-03-31 06005630 core:FurnitureFittingsToolsEquipment 2022-03-31 06005630 bus:SmallEntities 2022-04-01 2023-03-31 06005630 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06005630 bus:FullAccounts 2022-04-01 2023-03-31 06005630 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06005630 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 06005630
Moorprint (Ilkley) Ltd
Unaudited filleted financial statements
31 March 2023
Moorprint (Ilkley) Ltd
Contents
Statement of financial position
Notes to the financial statements
Moorprint (Ilkley) Ltd
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 2,135 2,488
_______ _______
2,135 2,488
Current assets
Stocks 251 200
Debtors 7 1,858 3,363
Cash at bank and in hand 7,555 9,350
_______ _______
9,664 12,913
Creditors: amounts falling due
within one year 8 ( 8,400) ( 8,336)
_______ _______
Net current assets 1,264 4,577
_______ _______
Total assets less current liabilities 3,399 7,065
Creditors: amounts falling due
after more than one year 9 ( 5,838) ( 7,771)
Provisions for liabilities ( 379) ( 501)
_______ _______
Net liabilities ( 2,818) ( 1,207)
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account ( 2,828) ( 1,217)
_______ _______
Shareholders deficit ( 2,818) ( 1,207)
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 December 2023 , and are signed on behalf of the board by:
Mr AD Firth
Director
Company registration number: 06005630
Moorprint (Ilkley) Ltd
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is H & M Ltd, The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has given assurances that he will continue to support the company financially and will not demand repayment of his loan account in the foreseeable future. He therefore considers that despite the net liability position, the company is still a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2022 and 31 March 2023 44,650 44,650
_______ _______
Amortisation
At 1 April 2022 and 31 March 2023 44,650 44,650
_______ _______
Carrying amount
At 31 March 2023 - -
_______ _______
At 31 March 2022 - -
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2022 and 31 March 2023 8,505 3,633 12,138
_______ _______ _______
Depreciation
At 1 April 2022 6,808 2,842 9,650
Charge for the year 255 98 353
_______ _______ _______
At 31 March 2023 7,063 2,940 10,003
_______ _______ _______
Carrying amount
At 31 March 2023 1,442 693 2,135
_______ _______ _______
At 31 March 2022 1,697 791 2,488
_______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 1,858 2,868
Other debtors - 495
_______ _______
1,858 3,363
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 1,938 1,914
Trade creditors 1,562 949
Social security and other taxes 103 237
Other creditors 4,797 5,236
_______ _______
8,400 8,336
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 5,838 7,771
_______ _______