The Moving Community Network Limited Filleted Accounts Cover
The Moving Community Network Limited
Company No. 06716956
Information for Filing with The Registrar
31 March 2023
The Moving Community Network Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was Estate Agent.
Directors
The Directors who served at any time during the year were as follows:
P. Brice
C.J. Cooper
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C.J. Cooper
Director
29 November 2023
The Moving Community Network Limited Balance Sheet Registrar
at
31 March 2023
Company No.
06716956
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
--
Tangible assets
5
15,12920,328
15,12920,328
Current assets
Debtors
6
465,601270,536
Cash at bank and in hand
398,435397,936
864,036668,472
Creditors: Amount falling due within one year
7
(273,777)
(322,775)
Net current assets
590,259345,697
Total assets less current liabilities
605,388366,025
Creditors: Amounts falling due after more than one year
8
(68,939)
(100,757)
Provisions for liabilities
Deferred taxation
(2,732)
(3,689)
Net assets
533,717261,579
Capital and reserves
Called up share capital
100100
Profit and loss account
10
533,617261,479
Total equity
533,717261,579
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 November 2023
And signed on its behalf by:
C.J. Cooper
Director
29 November 2023
The Moving Community Network Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 06716956
Its registered office is:
Vantage House
Mid Street
South Nutfield
Surrey
RH1 4JY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33% Straight Line
Motor vehicles
25% Straight Line
Furniture, fittings and equipment
25% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
3130
4
Intangible fixed assets
Develop-ment costs
Total
£
£
Cost
At 1 April 2022
3030
Disposals
(30)
(30)
At 31 March 2023
--
Amortisation and impairment
At 1 April 2022
3030
Disposals
(30)
(30)
At 31 March 2023
--
Net book values
At 31 March 2023
--
At 31 March 2022
--
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2022
84,10714,75298,859
Additions
4,786-4,786
At 31 March 2023
88,89314,752103,645
Depreciation
At 1 April 2022
72,4996,03278,531
Charge for the year
7,8052,1809,985
At 31 March 2023
80,3048,21288,516
Net book values
At 31 March 2023
8,5896,54015,129
At 31 March 2022
11,608
8,720
20,328
6
Debtors
2023
2022
£
£
Trade debtors
129,474155,507
Loans to directors
254,188-
Other debtors
81,939115,029
465,601270,536
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
31,81831,818
Trade creditors
-576
Taxes and social security
180,734
205,954
Other creditors
60,70384,426
Accruals and deferred income
5221
273,777322,775
Lloyds Bank Plc holds a security in the form of a fixed and floating charge over assets for a loan provided to the company.
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
68,939100,757
68,939100,757
9
Share Capital
1,000,000 £0.0001 Ordinary Shares
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Advances and credits to directors
2023
£
Advanced in the period
254,188
At 31 March 2023
254,188
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