Registered Number 00700937

L.A.MOORE LIMITED

Abbreviated Accounts

31 August 2013

L.A.MOORE LIMITED Registered Number 00700937

Abbreviated Balance Sheet as at 31 August 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,666,480 1,830,702
Investments 3 15,060 15,060
1,681,540 1,845,762
Current assets
Stocks 53,708 -
Debtors 4 423,222 375,203
Cash at bank and in hand 137,857 352
614,787 375,555
Creditors: amounts falling due within one year 5 (633,105) (580,886)
Net current assets (liabilities) (18,318) (205,331)
Total assets less current liabilities 1,663,222 1,640,431
Creditors: amounts falling due after more than one year 5 (703,012) (698,347)
Provisions for liabilities (70,548) (73,424)
Accruals and deferred income (15,558) (15,351)
Total net assets (liabilities) 874,104 853,309
Capital and reserves
Called up share capital 6 5,002 5,002
Share premium account 718 718
Revaluation reserve 313,997 361,372
Profit and loss account 554,387 486,217
Shareholders' funds 874,104 853,309
  • For the year ending 31 August 2013 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 January 2014

And signed on their behalf by:
L A MOORE, Director

L.A.MOORE LIMITED Registered Number 00700937

Notes to the Abbreviated Accounts for the period ended 31 August 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historic cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and Buildings - Land Nil and Buildings at 4% straight line
Plant and Machinery, Fixtures, Fittings and Equipment- 15% reducing balance
Motor Vehicles- 25% reducing balance

Valuation information and policy
No depreciation is provided in respect of the company's investment properties. Although the Companies Act 2006 would normally require the systematic depreciation of fixed assets, it is believed that this policy of not providing depreciation on investment property is necessary in order for the financial statements to give a true and fair view as market valuation is more relevant than a measure of consumption in the activities of the company. It is the directors' policy to maintain the property in a good condition, thus prolonging its useful life. Had the policy been to provide for depreciation on investment properties, the depreciation charge in the financial statements would have been £37,378 (2012: £37,378).

The company's investment properties are shown at market value in the accounts, any surplus over cost being transferred to a revaluation reserve; where revaluation is less than cost and is considered to be permanent in nature, the shortfall is charged to the profit and loss account to the extent that it is not covered by any balance on the revaluation reserve. Where the fall in value is considered to be temporary, any adjustment is taken to the revaluation reserve.

Other accounting policies
Leasing and Hire Purchase Commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company in the year.

Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold;

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Government Grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Group Accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2 Tangible fixed assets
£
Cost
At 1 September 2012 2,699,385
Additions 56,239
Disposals (204,257)
Revaluations -
Transfers -
At 31 August 2013 2,551,367
Depreciation
At 1 September 2012 868,683
Charge for the year 88,632
On disposals (72,428)
At 31 August 2013 884,887
Net book values
At 31 August 2013 1,666,480
At 31 August 2012 1,830,702

3Fixed assets Investments
Fixed Asset investments cost £84,585 with a provision for diminution in value of £69,525 brought forward giving a net book value of £15,060. The investment relates to a subsidiary undertaking. As at 31st August 2013 the company owned 85.60% (2012: 85.60%) of the issued share capital of Moore Energy (Wells) Limited.

4 Debtors
2013
£
2012
£
Debtors include the following amounts due after more than one year 6,772 0
5 Creditors
2013
£
2012
£
Secured Debts 832,986 947,959
Instalment debts due after 5 years 163,246 169,071
6 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
5,000 Ordinary shares of £1 each 5,000 5,000
2 B Ordinary shares of £1 each 2 2

7Transactions with directors

Name of director receiving advance or credit: P A Moore
Description of the transaction: Loan Account Movements
Balance at 1 September 2012: £ 27,086
Advances or credits made: -
Advances or credits repaid: £ 27,086
Balance at 31 August 2013: £ 0
Name of director receiving advance or credit: L A Moore
Description of the transaction: Loan Account Movements
Balance at 1 September 2012: £ 92
Advances or credits made: £ 1,096
Advances or credits repaid: -
Balance at 31 August 2013: £ 1,188

The maximum amount owed to the company by L A Moore in the year was £1,188
The maximum amount owed to the company by P A Moore in the year was £44,277.


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