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
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
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
The Half Moon Sheet Limited
Statement of financial position
as at 31 March 2023
Intangible assets
22,925
26,200
Tangible assets
12,124
9,270
Cash at bank and in hand
239,965
214,058
Creditors: amounts falling due within one year
(157,129)
(138,152)
Net current assets
153,995
93,172
Net assets
189,044
128,642
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
The Half Moon Sheet Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill -5% Straight Line Method
The Half Moon Sheet Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
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
At 31 March 2023
32,595
22,515
55,110
At 1 April 2022
20,187
20,729
40,916
Charge for the year
2,591
446
3,037
At 31 March 2023
21,811
21,175
42,986
At 31 March 2023
10,784
1,340
12,124
At 31 March 2022
7,484
1,786
9,270
Amounts falling due within one year
Accrued income and prepayments
-
11,732
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director current account
(18,998)
23,560
46,742
(42,180)
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).