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REGISTERED NUMBER: SC393227 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Moo-let.com Ltd

Moo-let.com Ltd (Registered number: SC393227)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Moo-let.com Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M J Annandale
Ms M J Greenwood





REGISTERED OFFICE: Preston House
7 Preston Crescent
Inverkeithing
Fife
KY11 1DR





REGISTERED NUMBER: SC393227 (Scotland)





ACCOUNTANTS: Mackay & Co
Chartered Accountants
Unit 8
Golspie Business Park
Golspie
Sutherland
KW10 6UB

Moo-let.com Ltd (Registered number: SC393227)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,308 72,697
Tangible assets 5 26,128 34,505
74,436 107,202

CURRENT ASSETS
Debtors 12,853 9,508
Cash at bank 1,200 6,918
14,053 16,426
CREDITORS
Amounts falling due within one year 48,851 39,548
NET CURRENT LIABILITIES (34,798 ) (23,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,638

84,080

CREDITORS
Amounts falling due after more than
one year

(92,401

)

(120,922

)

PROVISIONS FOR LIABILITIES 6 (4,160 ) (5,575 )
NET LIABILITIES (56,923 ) (42,417 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (57,023 ) (42,517 )
SHAREHOLDERS' FUNDS (56,923 ) (42,417 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Moo-let.com Ltd (Registered number: SC393227)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





M J Annandale - Director


Moo-let.com Ltd (Registered number: SC393227)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Moo-let.com Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Moo-let.com Ltd (Registered number: SC393227)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Whilst the balance sheet is in deficit at the year end, the directors have confirmed that they will continue to support the company to ensure that its day to day liabilities are met until such time as it returns to trading profitably and no longer in deficit. Given this support, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 90,871
Disposals (7,769 )
At 28 February 2023 83,102
AMORTISATION
At 1 March 2022 18,174
Amortisation for year 16,620
At 28 February 2023 34,794
NET BOOK VALUE

At 28 February 2023 48,308
At 28 February 2022 72,697

Moo-let.com Ltd (Registered number: SC393227)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 63,663
DEPRECIATION
At 1 March 2022 29,158
Charge for year 8,377
At 28 February 2023 37,535
NET BOOK VALUE
At 28 February 2023 26,128
At 28 February 2022 34,505

6. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 4,160 5,575

Deferred
tax
£   
Balance at 1 March 2022 5,575
Utilised during year (1,415 )
Balance at 28 February 2023 4,160

7. ULTIMATE CONTROLLING PARTY

The controlling party is Moo-Holdings ltd.