Mooch Creative Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04448364 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

MOOCH CREATIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Greenway

Mr DWT Berry

REGISTERED OFFICE:

The Mill House

Brockhill Court

Brockhill Lane

Redditch

Worcestershire

B97 6RB

REGISTERED NUMBER:

04448364 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

22,952

Tangible assets

4

30,320

CURRENT ASSETS

256,239

Debtors

5

216,138

107,724

Cash at bank

53,350

363,963

269,488

CREDITORS

190,866

Amounts falling due within one year

6

210,325

173,097

NET CURRENT ASSETS

59,163

196,049

TOTAL ASSETS LESS CURRENT LIABILITIES

89,483

CREDITORS

(43,036

)

Amounts falling due after more than one year

7

(71,119

)

(4,350

)

PROVISIONS FOR LIABILITIES

8

(5,650

)

148,663

NET ASSETS

12,714

CAPITAL AND RESERVES

300

Called up share capital

9

300

148,363

Retained earnings

12,414

148,663

12,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 and authorised for issue by the Board of Directors and authorised for issue on 13th December 2023 and were signed on its behalf by:

Mr M A Greenway - Director

Mr DWT Berry - Director

1.	STATUTORY INFORMATION

Mooch Creative 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.

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 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 represents net invoiced sales of goods and services, excluding value added tax.

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 etc

-

33% on cost

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 balance sheet date.

Deferred tax

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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2022

75,550

Additions

22,997

At 31st May 2023

98,547

DEPRECIATION

At 1st June 2022

52,598

Charge for year

15,629

At 31st May 2023

68,227

NET BOOK VALUE

At 31st May 2023

30,320

At 31st May 2022

22,952

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

207,945

251,446

Other debtors

2,685

422

Tax

1,208

-

Prepayments

4,300

4,371

216,138

256,239

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

26,887

11,160

Hire purchase contracts

15,832

8,293

Trade creditors

61,734

23,669

Tax

-

37,814

Social security and other taxes

58,671

84,338

Other creditors

3,156

5,505

Directors' current accounts

664

594

Accrued expenses

43,381

19,493

210,325

190,866

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans - 2-5 years

65,840

35,625

Hire purchase contracts

5,279

7,411

71,119

43,036

8.	PROVISIONS FOR LIABILITIES

31.5.23

31.5.22

£

£

Deferred tax

5,650

4,350

Deferred

tax

£

Balance at 1st June 2022

4,350

Provided during year

1,300

Movement in year

Balance at 31st May 2023

5,650

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

140

Ordinary A

£1

140

140

100

Ordinary B

£1

100

100

30

Ordinary C

£1

30

30

30

Ordinary D

£1

30

30

300

300