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Company Registration No. 13224979 (England and Wales)
Lune Climate Ltd Unaudited accounts for the year ended 28 February 2023
Lune Climate Ltd Unaudited accounts Contents
Page
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Lune Climate Ltd Company Information for the year ended 28 February 2023
Directors
Roberto Bruggemann Scott Sage Erik Ivar Stadigh
Company Number
13224979 (England and Wales)
Registered Office
50 HOLLAND PARK MEWS LONDON W11 3SP ENGLAND
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Lune Climate Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,126 
2,126 
Tangible assets
11,598 
14,087 
13,724 
16,213 
Current assets
Inventories
531,646 
522,040 
Debtors
70,399 
332,099 
Cash at bank and in hand
932,689 
1,789,030 
1,534,734 
2,643,169 
Creditors: amounts falling due within one year
(3,516,016)
(3,287,170)
Net current liabilities
(1,981,282)
(644,001)
Net liabilities
(1,967,558)
(627,788)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(1,968,558)
(628,788)
Shareholders' funds
(1,967,558)
(627,788)
For the year ending 28 February 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 17 November 2023 and were signed on its behalf by
Erik Ivar Stadigh Director Company Registration No. 13224979
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Lune Climate Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Lune Climate Ltd is a private company, limited by shares, registered in England and Wales, registration number 13224979. The registered office is 50 HOLLAND PARK MEWS, LONDON, W11 3SP, ENGLAND.
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.
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.
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:
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
2,126 
At 28 February 2023
2,126 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
2,126 
At 28 February 2022
2,126 
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Lune Climate Ltd Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
21,025 
Additions
5,795 
Disposals
(730)
At 28 February 2023
26,090 
Depreciation
At 1 March 2022
6,938 
Charge for the year
7,795 
On disposals
(241)
At 28 February 2023
14,492 
Net book value
At 28 February 2023
11,598 
At 28 February 2022
14,087 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,066 
13,872 
Trade debtors
416 
280,738 
Accrued income and prepayments
7,864 
5,419 
Other debtors
55,053 
32,070 
70,399 
332,099 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
437 
230,947 
Taxes and social security
16,796 
24,676 
Other creditors
3,363,109 
2,972,192 
Loans from directors
59,401 
59,355 
Accruals
38,798 
- 
Deferred income
37,475 
- 
3,516,016 
3,287,170 
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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