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REGISTERED NUMBER: 12308178 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MOONBIT LTD

MOONBIT LTD (REGISTERED NUMBER: 12308178)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOONBIT LTD

Company Information
for the year ended 30 November 2023







DIRECTOR: J R Pound





REGISTERED OFFICE: 7 Savoy Court
London
London
WC2R 0EX





REGISTERED NUMBER: 12308178 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

MOONBIT LTD (REGISTERED NUMBER: 12308178)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,376 2,376
Tangible assets 5 2,614 1,773
4,990 4,149

CURRENT ASSETS
Cash at bank 14,689 17,792

CREDITORS
Amounts falling due within one year 6 (8,606 ) (13,680 )
NET CURRENT ASSETS 6,083 4,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,073

8,261

PROVISIONS FOR LIABILITIES 7 (497 ) (337 )
NET ASSETS 10,576 7,924

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 10,575 7,923
SHAREHOLDERS' FUNDS 10,576 7,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MOONBIT LTD (REGISTERED NUMBER: 12308178)

Balance Sheet - continued
30 November 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 director and authorised for issue on 1 February 2024 and were signed by:





J R Pound - Director


MOONBIT LTD (REGISTERED NUMBER: 12308178)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Moonbit 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue from publishing of computer games is recognised at the point of sale.

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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

MOONBIT LTD (REGISTERED NUMBER: 12308178)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its 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, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2022
and 30 November 2023 2,376
NET BOOK VALUE
At 30 November 2023 2,376
At 30 November 2022 2,376

MOONBIT LTD (REGISTERED NUMBER: 12308178)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 - 4,303 4,303
Additions 130 3,086 3,216
At 30 November 2023 130 7,389 7,519
DEPRECIATION
At 1 December 2022 - 2,530 2,530
Charge for year 18 2,357 2,375
At 30 November 2023 18 4,887 4,905
NET BOOK VALUE
At 30 November 2023 112 2,502 2,614
At 30 November 2022 - 1,773 1,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,428 10,981
Other creditors 4,178 2,699
8,606 13,680

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 497 337

Deferred
tax
£   
Balance at 1 December 2022 337
Accelerated Capital Allowances 160
Balance at 30 November 2023 497

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1