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Company Registration No. 11052556 (England and Wales)
David Moxon Ltd Unaudited accounts for the year ended 30 November 2021
David Moxon Ltd Unaudited accounts Contents
Page
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David Moxon Ltd Company Information for the year ended 30 November 2021
Director
D Moxon
Company Number
11052556 (England and Wales)
Registered Office
NM Business Suites Abacus House Station Yard Needham Market Suffolk IP6 8AL
Accountants
Target Associates Ltd NM Business Suites Abacus House Station Yard Needham Market Suffolk IP6 8AS
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David Moxon Ltd Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,673 
13,527 
Current assets
Debtors
1,775 
2,746 
Cash at bank and in hand
41,773 
20,037 
43,548 
22,783 
Creditors: amounts falling due within one year
(18,441)
(11,018)
Net current assets
25,107 
11,765 
Total assets less current liabilities
32,780 
25,292 
Creditors: amounts falling due after more than one year
(17,600)
(22,400)
Provisions for liabilities
Deferred tax
(1,140)
(2,182)
Net assets
14,040 
710 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,940 
610 
Shareholders' funds
14,040 
710 
For the year ending 30 November 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2022 and were signed on its behalf by
D Moxon Director Company Registration No. 11052556
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David Moxon Ltd Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
David Moxon Ltd is a private company, limited by shares, registered in England and Wales, registration number 11052556. The registered office is NM Business Suites, Abacus House Station Yard, Needham Market, Suffolk, IP6 8AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight LIne
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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David Moxon Ltd Notes to the Accounts for the year ended 30 November 2021
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2020
4,250 
18,565 
450 
23,265 
At 30 November 2021
4,250 
18,565 
450 
23,265 
Depreciation
At 1 December 2020
3,064 
6,574 
100 
9,738 
Charge for the year
1,063 
4,641 
150 
5,854 
At 30 November 2021
4,127 
11,215 
250 
15,592 
Net book value
At 30 November 2021
123 
7,350 
200 
7,673 
At 30 November 2020
1,186 
11,991 
350 
13,527 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,775 
- 
Other debtors
- 
728 
1,775 
728 
Debtors: amounts falling due after more than one year
Trade debtors
- 
2,018 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
5,200 
1,600 
Trade creditors
147 
79 
Taxes and social security
12,264 
8,365 
Other creditors
104 
- 
Loans from directors
66 
314 
Accruals
660 
660 
18,441 
11,018 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
17,600 
22,400 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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