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REGISTERED NUMBER: 12442737 (England and Wales)

















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Moonshine & Fuggles Ltd

Moonshine & Fuggles Ltd (Registered number: 12442737)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moonshine & Fuggles Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr D C Bowen
Mrs M L Bowen





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 12442737 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Moonshine & Fuggles Ltd (Registered number: 12442737)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,494 57,818

CURRENT ASSETS
Stocks 23,331 26,378
Debtors 5 1,990 1,806
Cash at bank 29,709 49,681
55,030 77,865
CREDITORS
Amounts falling due within one year 6 91,655 106,356
NET CURRENT LIABILITIES (36,625 ) (28,491 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,869 29,327

CREDITORS
Amounts falling due after more than one
year

7

(24,727

)

(33,333

)

PROVISIONS FOR LIABILITIES 8 (4,031 ) (2,979 )
NET LIABILITIES (2,889 ) (6,985 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,989 ) (7,085 )
SHAREHOLDERS' FUNDS (2,889 ) (6,985 )

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.

Moonshine & Fuggles Ltd (Registered number: 12442737)

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.

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 6 June 2023 and were signed on its behalf by:





Mr D C Bowen - Director


Moonshine & Fuggles Ltd (Registered number: 12442737)

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

1. STATUTORY INFORMATION

Moonshine & Fuggles Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold prop - 2% on cost
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 33% on reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Moonshine & Fuggles Ltd (Registered number: 12442737)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 43,000 21,222 64,222
Additions - 10,450 10,450
At 28 February 2023 43,000 31,672 74,672
DEPRECIATION
At 1 March 2022 860 5,544 6,404
Charge for year 860 4,914 5,774
At 28 February 2023 1,720 10,458 12,178
NET BOOK VALUE
At 28 February 2023 41,280 21,214 62,494
At 28 February 2022 42,140 15,678 57,818

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 9,004
At 28 February 2023 9,004
DEPRECIATION
Charge for year 2,251
At 28 February 2023 2,251
NET BOOK VALUE
At 28 February 2023 6,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,076 911
Other debtors 914 895
1,990 1,806

Moonshine & Fuggles Ltd (Registered number: 12442737)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,403 -
Trade creditors 17,678 9,320
Taxation and social security 5,445 2,397
Other creditors 53,129 84,639
91,655 106,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,376 33,333
Hire purchase contracts 1,351 -
24,727 33,333

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,031 2,979

Deferred
tax
£   
Balance at 1 March 2022 2,979
Provided during year 1,052
Balance at 28 February 2023 4,031