IRIS Accounts Production v23.4.0.336 03157925 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031579252022-07-31031579252023-07-31031579252022-08-012023-07-31031579252021-07-31031579252021-08-012022-07-31031579252022-07-3103157925ns15:EnglandWales2022-08-012023-07-3103157925ns14:PoundSterling2022-08-012023-07-3103157925ns10:Director12022-08-012023-07-3103157925ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3103157925ns10:SmallEntities2022-08-012023-07-3103157925ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3103157925ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3103157925ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3103157925ns10:FullAccounts2022-08-012023-07-3103157925ns10:OrdinaryShareClass12022-08-012023-07-3103157925ns10:OrdinaryShareClass22022-08-012023-07-3103157925ns10:Director22022-08-012023-07-3103157925ns10:RegisteredOffice2022-08-012023-07-3103157925ns5:CurrentFinancialInstruments2023-07-3103157925ns5:CurrentFinancialInstruments2022-07-3103157925ns5:ShareCapital2023-07-3103157925ns5:ShareCapital2022-07-3103157925ns5:RevaluationReserve2023-07-3103157925ns5:RevaluationReserve2022-07-3103157925ns5:CapitalRedemptionReserve2023-07-3103157925ns5:CapitalRedemptionReserve2022-07-3103157925ns5:RetainedEarningsAccumulatedLosses2023-07-3103157925ns5:RetainedEarningsAccumulatedLosses2022-07-3103157925ns5:LeaseholdImprovements2022-08-012023-07-3103157925ns5:PlantMachinery2022-08-012023-07-3103157925ns5:FurnitureFittings2022-08-012023-07-3103157925ns5:ComputerEquipment2022-08-012023-07-3103157925ns5:LandBuildings2022-07-3103157925ns5:LeaseholdImprovements2022-07-3103157925ns5:PlantMachinery2022-07-3103157925ns5:LandBuildings2022-08-012023-07-3103157925ns5:LandBuildings2023-07-3103157925ns5:LeaseholdImprovements2023-07-3103157925ns5:PlantMachinery2023-07-3103157925ns5:LandBuildings2022-07-3103157925ns5:LeaseholdImprovements2022-07-3103157925ns5:PlantMachinery2022-07-3103157925ns5:FurnitureFittings2022-07-3103157925ns5:MotorVehicles2022-07-3103157925ns5:ComputerEquipment2022-07-3103157925ns5:MotorVehicles2022-08-012023-07-3103157925ns5:FurnitureFittings2023-07-3103157925ns5:MotorVehicles2023-07-3103157925ns5:ComputerEquipment2023-07-3103157925ns5:FurnitureFittings2022-07-3103157925ns5:MotorVehicles2022-07-3103157925ns5:ComputerEquipment2022-07-3103157925ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2023-07-3103157925ns5:UnlistedNon-exchangeTraded2023-07-3103157925ns5:UnlistedNon-exchangeTraded2022-07-3103157925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3103157925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3103157925ns5:DeferredTaxation2022-07-3103157925ns5:DeferredTaxation2022-08-012023-07-3103157925ns5:DeferredTaxation2023-07-3103157925ns10:OrdinaryShareClass12023-07-3103157925ns10:OrdinaryShareClass22023-07-3103157925ns5:RetainedEarningsAccumulatedLosses2022-07-3103157925ns5:RevaluationReserve2022-07-3103157925ns5:CapitalRedemptionReserve2022-07-3103157925ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 03157925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Moontown Limited

Moontown Limited (Registered number: 03157925)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moontown Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Miss L Proctor
Miss K Proctor





REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT





REGISTERED NUMBER: 03157925 (England and Wales)





ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT

Moontown Limited (Registered number: 03157925)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 589,396 527,003
Investments 5 593,088 603,317
1,182,484 1,130,320

CURRENT ASSETS
Stocks 62,758 56,085
Debtors 6 294,276 332,189
Cash at bank and in hand 742,637 781,033
1,099,671 1,169,307
CREDITORS
Amounts falling due within one year 7 178,630 142,782
NET CURRENT ASSETS 921,041 1,026,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,525

2,156,845

PROVISIONS FOR LIABILITIES 8 84,397 90,996
NET ASSETS 2,019,128 2,065,849

CAPITAL AND RESERVES
Called up share capital 9 12 12
Non-distributable reserves 10 74,200 80,960
Capital redemption reserve 10 2 2
Retained earnings 10 1,944,914 1,984,875
SHAREHOLDERS' FUNDS 2,019,128 2,065,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Moontown Limited (Registered number: 03157925)

Balance Sheet - continued
31 July 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 5 March 2024 and were signed on its behalf by:





Miss L Proctor - Director


Moontown Limited (Registered number: 03157925)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Moontown Limited 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 5% on cost
Computer equipment - 33% on cost
Plant & Equipment - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

Moontown Limited (Registered number: 03157925)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment
£    £    £   
COST
At 1 August 2022 186,549 50,684 29,167
Additions 58,728 - 2,514
At 31 July 2023 245,277 50,684 31,681
DEPRECIATION
At 1 August 2022 - 26,928 25,433
Charge for year - 2,535 4,572
At 31 July 2023 - 29,463 30,005
NET BOOK VALUE
At 31 July 2023 245,277 21,221 1,676
At 31 July 2022 186,549 23,756 3,734

Fixtures
Plant & Motor and
Equipment vehicles fittings Totals
£    £    £    £   
COST
At 1 August 2022 667,867 23,600 14,711 972,578
Additions 66,012 - - 127,254
At 31 July 2023 733,879 23,600 14,711 1,099,832
DEPRECIATION
At 1 August 2022 365,579 16,133 11,502 445,575
Charge for year 55,245 1,867 642 64,861
At 31 July 2023 420,824 18,000 12,144 510,436
NET BOOK VALUE
At 31 July 2023 313,055 5,600 2,567 589,396
At 31 July 2022 302,288 7,467 3,209 527,003

Moontown Limited (Registered number: 03157925)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 August 2022 603,317
Revaluations (10,229 )
At 31 July 2023 593,088
NET BOOK VALUE
At 31 July 2023 593,088
At 31 July 2022 603,317

Cost or valuation at 31 July 2023 is represented by:

Unlisted
investments
£   
Valuation in 2018 12,297
Valuation in 2019 17,223
Valuation in 2020 (10,862 )
Valuation in 2021 65,963
Valuation in 2022 18,696
Valuation in 2023 (10,229 )
Cost 500,000
593,088

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 500,000 500,000
Aggregate provisions (93,088 ) (103,317 )

Fixed asset investments were valued on an actual basis on 25 September 2023 by Prudential Investments .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 265,011 322,227
Other debtors 17,590 -
Prepayments 11,675 9,962
294,276 332,189

Moontown Limited (Registered number: 03157925)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 71,925 45,038
Corporation tax 20,782 26,332
Social security and other taxes 10,006 9,426
VAT 58,493 53,683
Other creditors 1,833 1,752
Directors' current accounts 7,411 -
Accruals and deferred income 8,180 6,551
178,630 142,782

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 84,397 90,996

Deferred
tax
£   
Balance at 1 August 2022 90,996
Credit to Income Statement during year (6,599 )
Balance at 31 July 2023 84,397

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2
10 Ordinary A £1 10 10
12 12

10. RESERVES
Capital
Retained Non-distributable redemption
earnings reserves reserve Totals
£    £    £    £   

At 1 August 2022 1,984,875 80,960 2 2,065,837
Profit for the year 97,466 97,466
Dividends (144,187 ) (144,187 )
Non-distributable reserves 6,760 (6,760 ) - -
At 31 July 2023 1,944,914 74,200 2 2,019,116