Company registration number 13031230 (England and Wales)
MOONFLOWER SONGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
MOONFLOWER SONGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
MOONFLOWER SONGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
Notes
£
£
Current assets
Cash at bank and in hand
41,058
Creditors: amounts falling due within one year
3
(40,768)
Net current assets
290
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
190
Total equity
290
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period ended in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 August 2022 and are signed on its behalf by:
Mr J L Irvin
Director
Company Registration No. 13031230
MOONFLOWER SONGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED ENDED 31 MARCH 2022
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 19 November 2020
Period ended 31 March 2022:
Profit and total comprehensive income for the period
-
20,190
20,190
Issue of share capital
4
100
-
100
Dividends
-
(20,000)
(20,000)
Balance at 31 March 2022
100
190
290
MOONFLOWER SONGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information
Moonflower Songs Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.
1.1
Reporting period
This is the first set of accounts and an 18 month period ending 31 March 2022 was decided best reflected the companies affairs.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
MOONFLOWER SONGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED ENDED 31 MARCH 2022
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period ended was:
2022
Number
Total
2
3
Creditors: amounts falling due within one year
2022
£
Corporation tax
4,736
Other creditors
36,032
40,768
4
Called up share capital
2022
2022
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A of £1 each
51
51
Ordinary B of £1 each
49
49
100
100