Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30No description of principal activity22022-05-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC446376 2022-05-01 2023-04-30 SC446376 2021-05-01 2022-04-30 SC446376 2023-04-30 SC446376 2022-04-30 SC446376 c:Director1 2022-05-01 2023-04-30 SC446376 c:Director2 2022-05-01 2023-04-30 SC446376 c:RegisteredOffice 2022-05-01 2023-04-30 SC446376 d:OfficeEquipment 2022-05-01 2023-04-30 SC446376 d:OfficeEquipment 2023-04-30 SC446376 d:OfficeEquipment 2022-04-30 SC446376 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC446376 d:CurrentFinancialInstruments 2023-04-30 SC446376 d:CurrentFinancialInstruments 2022-04-30 SC446376 d:Non-currentFinancialInstruments 2023-04-30 SC446376 d:Non-currentFinancialInstruments 2022-04-30 SC446376 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC446376 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC446376 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC446376 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 SC446376 d:ShareCapital 2023-04-30 SC446376 d:ShareCapital 2022-04-30 SC446376 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC446376 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC446376 c:OrdinaryShareClass1 2022-05-01 2023-04-30 SC446376 c:OrdinaryShareClass1 2023-04-30 SC446376 c:OrdinaryShareClass1 2022-04-30 SC446376 c:FRS102 2022-05-01 2023-04-30 SC446376 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 SC446376 c:FullAccounts 2022-05-01 2023-04-30 SC446376 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC446376










MOONSHINE TRADERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
MOONSHINE TRADERS LIMITED
 

COMPANY INFORMATION


Directors
Mr S M Bremner 
Mr C D Burt 




Registered number
SC446376



Registered office
Unit 1 Waverley Road
Mitchelston Industrial Estate

Kirkcaldy

KY1 3NH




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MOONSHINE TRADERS LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
MOONSHINE TRADERS LIMITED
REGISTERED NUMBER: SC446376

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
-
381

  
-
381

Current assets
  

Stocks
  
11,789
17,271

Debtors: amounts falling due within one year
 5 
438
1,085

Cash at bank and in hand
  
3,131
1,481

  
15,358
19,837

Creditors: amounts falling due within one year
 6 
(33,263)
(35,408)

Net current liabilities
  
 
 
(17,905)
 
 
(15,571)

Total assets less current liabilities
  
(17,905)
(15,190)

Creditors: amounts falling due after more than one year
 7 
(2,097)
(3,030)

  

Net liabilities
  
(20,002)
(18,220)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(20,102)
(18,320)

  
(20,002)
(18,220)


Page 1

 
MOONSHINE TRADERS LIMITED
REGISTERED NUMBER: SC446376

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2023.




Mr S M Bremner
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MOONSHINE TRADERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Moonshine Traders Limited is a private company, limited by shares, domiciled in Scotland with registration number SC446376. The registered office is Unit 1 Waverley Road, Mitchelston Industrial Estate, Kirkcaldy, Fife, Scotland, KY1 3NH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company show net liabilites at both the current and previous year end, however these accounts are prepared on a going concern basis based on the continuing support provided by the company's directors.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.


 

Page 3

 
MOONSHINE TRADERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
MOONSHINE TRADERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2022
3,152



At 30 April 2023

3,152



Depreciation


At 1 May 2022
2,771


Charge for the year on owned assets
381



At 30 April 2023

3,152



Net book value



At 30 April 2023
-



At 30 April 2022
381

Page 5

 
MOONSHINE TRADERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£


Trade debtors
438
1,085

438
1,085



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
934
934

Trade creditors
190
114

Other taxation and social security
152
306

Other creditors
31,412
33,479

Accruals and deferred income
575
575

33,263
35,408



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
2,097
3,030

2,097
3,030



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 6