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
David Moxon Ltd
Company Information
for the year ended 30 November 2021
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
David Moxon Ltd
Statement of financial position
as at 30 November 2021
Tangible assets
7,673
13,527
Cash at bank and in hand
41,773
20,037
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)
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
David Moxon Ltd
Notes to the Accounts
for the year ended 30 November 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
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
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,200
1,600
Taxes and social security
12,264
8,365
Loans from directors
66
314
7
Creditors: amounts falling due after more than one year
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).