Reginald Moore Limited - Accounts to registrar (filleted) - small 23.2.5
Reginald Moore Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Reginald Moore Limited |
| Unaudited Financial Statements for the Year Ended 30 June 2023 |
| Reginald Moore Limited (Registered number: 00424416) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| Reginald Moore Limited |
| Company Information |
| for the Year Ended 30 June 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Reginald Moore Limited |
| The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Reginald Moore Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Reginald Moore Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reginald Moore Limited and state those matters that we have agreed to state to the Board of Directors of Reginald Moore Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reginald Moore Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Reginald Moore 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 loss of Reginald Moore Limited. You consider that Reginald Moore 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 Reginald Moore 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. |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Date: ............................................. |
| Reginald Moore Limited (Registered number: 00424416) |
| Statement of Financial Position |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Fixed assets |
| Property, plant and equipment | 4 |
| Investment property | 5 |
| Current assets |
| Inventories | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | 11 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 12 |
| Fair value reserve |
| Retained earnings |
| Shareholders' funds |
| 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. |
| Reginald Moore Limited (Registered number: 00424416) |
| Statement of Financial Position - continued |
| 30 June 2023 |
| 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 and authorised for issue on |
| Reginald Moore Limited (Registered number: 00424416) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | Statutory information |
| Reginald Moore Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
| Revenue |
| Revenue 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 |
| Plant and machinery 20% reducing balance |
| Fixtures, fittings and equipment 15% reducing balance |
| Motor vehicles 25% reducing balance |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| The directors believe that the fair value of the investment properties remains at £750,000. |
| Stocks |
| Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition. |
| Financial instruments |
| Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities. |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Taxation |
| Taxation for the year 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 statement of financial position date. |
| Reginald Moore Limited (Registered number: 00424416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| 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. |
| Long term contracts |
| Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Property, plant and equipment |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 July 2022 |
| Additions |
| At 30 June 2023 |
| Depreciation |
| At 1 July 2022 |
| Charge for year |
| At 30 June 2023 |
| Net book value |
| At 30 June 2023 |
| At 30 June 2022 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 July 2022 |
| and 30 June 2023 |
| Net book value |
| At 30 June 2023 |
| At 30 June 2022 |
| Reginald Moore Limited (Registered number: 00424416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 5. | Investment property - continued |
| Fair value at 30 June 2023 is represented by: |
| £ |
| Valuation in 2022 | 750,000 |
| 6. | Inventories |
| 2023 | 2022 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 7. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments |
| 8. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Pension Scheme Loan | 72,134 | 67,271 |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 8,274 | - |
| Other creditors |
| Directors' current accounts | 537 | 537 |
| Accrued expenses |
| 9. | Creditors: amounts falling due after more than one year |
| 2023 | 2022 |
| £ | £ |
| Pension Scheme Loan 1 - 2 Yrs | 118,095 | 72,134 |
| Pension Scheme | - | 118,095 |
| 10. | Secured debts |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Pension Scheme Loan |
| The loan is secured by a charge over the company. |
| Reginald Moore Limited (Registered number: 00424416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 11. | Provisions for liabilities |
| 2023 | 2022 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 4,081 | 4,979 |
| Tax on unrealised gain | 32,222 | 32,222 |
| 36,303 | 37,201 |
| Other provisions | 45,000 | 35,000 |
| Aggregate amounts | 81,303 | 72,201 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2022 |
| Provided during year | ( |
) |
| Balance at 30 June 2023 |
| 12. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary 'A' | £1 | 666 | 666 |
| Ordinary 'B' shares | £1 | 334 | 334 |
| 1,000 | 1,000 |