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COMPANY REGISTRATION NUMBER: 12373177
Bruin Moose Limited
Filleted Unaudited Financial Statements
31 December 2021
Bruin Moose Limited
Financial Statements
Year ended 31 December 2021
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Bruin Moose Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
5
833
1,250
Current assets
Debtors
6
10,304
Cash at bank and in hand
90,321
78,527
--------
--------
90,321
88,831
Creditors: amounts falling due within one year
7
67,744
18,039
--------
--------
Net current assets
22,577
70,792
--------
--------
Total assets less current liabilities
23,410
72,042
--------
--------
Net assets
23,410
72,042
--------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
23,400
72,032
--------
--------
Shareholders funds
23,410
72,042
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 August 2022 , and are signed on behalf of the board by:
Mr J A Freeston
Director
Company registration number: 12373177
Bruin Moose Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Forge, Hellandbridge, Bodmin, Cornwall, PL30 4QR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of employees during the year amounted to 1.
5. Tangible assets
Equipment
£
Cost
At 1 January 2021 and 31 December 2021
1,667
-------
Depreciation
At 1 January 2021
417
Charge for the year
417
-------
At 31 December 2021
834
-------
Carrying amount
At 31 December 2021
833
-------
At 31 December 2020
1,250
-------
6. Debtors
2021
2020
£
£
Trade debtors
10,250
Other debtors
54
----
--------
10,304
----
--------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
6,179
16,603
Other creditors
61,565
1,436
--------
--------
67,744
18,039
--------
--------
8. Related party transactions
At the balance sheet date the company owed the director £317 (2020: £846).