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Company Registration No. 07196277 (England and Wales)
The Half Moon Sheet Limited Unaudited accounts for the year ended 31 March 2023
The Half Moon Sheet Limited Unaudited accounts Contents
Page
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The Half Moon Sheet Limited Company Information for the year ended 31 March 2023
Directors
Colin Baker Paul Baker
Company Number
07196277 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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The Half Moon Sheet Limited Accountants' report
Accountants' report to the board of directors of The Half Moon Sheet Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Half Moon Sheet Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Half Moon Sheet Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The Half Moon Sheet Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Half Moon Sheet Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Half Moon Sheet Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Half Moon Sheet Limited . You consider that The Half Moon Sheet Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Half Moon Sheet Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 16 August 2023
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The Half Moon Sheet Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,925 
26,200 
Tangible assets
12,124 
9,270 
35,049 
35,470 
Current assets
Inventories
5,534 
5,534 
Debtors
65,625 
11,732 
Cash at bank and in hand
239,965 
214,058 
311,124 
231,324 
Creditors: amounts falling due within one year
(157,129)
(138,152)
Net current assets
153,995 
93,172 
Net assets
189,044 
128,642 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
189,038 
128,636 
Shareholders' funds
189,044 
128,642 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 16 August 2023 and were signed on its behalf by
Colin Baker Director Company Registration No. 07196277
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The Half Moon Sheet Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Half Moon Sheet Limited is a private company, limited by shares, registered in England and Wales, registration number 07196277. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
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% reducing balance
Fixtures & fittings
25% reducing balance
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill -5% Straight Line Method
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The Half Moon Sheet Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
65,500 
At 31 March 2023
65,500 
Amortisation
At 1 April 2022
39,300 
Charge for the year
3,275 
At 31 March 2023
42,575 
Net book value
At 31 March 2023
22,925 
At 31 March 2022
26,200 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
27,671 
22,515 
50,186 
Additions
5,923 
- 
5,923 
Disposals
(999)
- 
(999)
At 31 March 2023
32,595 
22,515 
55,110 
Depreciation
At 1 April 2022
20,187 
20,729 
40,916 
Charge for the year
2,591 
446 
3,037 
On disposals
(967)
- 
(967)
At 31 March 2023
21,811 
21,175 
42,986 
Net book value
At 31 March 2023
10,784 
1,340 
12,124 
At 31 March 2022
7,484 
1,786 
9,270 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
11,732 
Other debtors
65,625 
- 
65,625 
11,732 
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The Half Moon Sheet Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
19,956 
33,672 
Taxes and social security
47,939 
39,019 
Other creditors
1,999 
1,999 
Loans from directors
78,186 
56,261 
Accruals
9,049 
7,201 
157,129 
138,152 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Colin Baker
Director current account
(18,998)
23,560 
46,742 
(42,180)
Paul Baker
Director current account
(37,263)
6,569 
5,312 
(36,006)
(56,261)
30,129 
52,054 
(78,186)
9
Average number of employees
During the year the average number of employees was 20 (2022: 19).
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