0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,684 15,684 xbrli:pure xbrli:shares iso4217:GBP 04524098 2022-07-01 2023-06-30 04524098 2023-06-30 04524098 2022-06-30 04524098 2021-07-01 2022-06-30 04524098 2022-06-30 04524098 2021-06-30 04524098 bus:Director1 2022-07-01 2023-06-30 04524098 core:WithinOneYear 2023-06-30 04524098 core:WithinOneYear 2022-06-30 04524098 core:ShareCapital 2023-06-30 04524098 core:ShareCapital 2022-06-30 04524098 core:RetainedEarningsAccumulatedLosses 2023-06-30 04524098 core:RetainedEarningsAccumulatedLosses 2022-06-30 04524098 bus:SmallEntities 2022-07-01 2023-06-30 04524098 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04524098 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 04524098 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04524098 bus:FullAccounts 2022-07-01 2023-06-30 04524098 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 04524098 core:FurnitureFittingsToolsEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: 04524098
Blue Moon Foods Limited
Filleted Unaudited Financial Statements
30 June 2023
Blue Moon Foods Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Stocks
3,074
2,261
Debtors
5
53,839
60,367
Cash at bank and in hand
4,954
4,363
--------
--------
61,867
66,991
Creditors: amounts falling due within one year
6
400
544
--------
--------
Net current assets
61,467
66,447
--------
--------
Total assets less current liabilities
61,467
66,447
--------
--------
Net assets
61,467
66,447
--------
--------
Capital and reserves
Called up share capital
15,000
15,000
Profit and loss account
46,467
51,447
--------
--------
Shareholders funds
61,467
66,447
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2024 , and are signed on behalf of the board by:
Mr M J Madylus
Director
Company registration number: 04524098
Blue Moon Foods Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 185 Gloucester Crescent, Wigston, Leicester, LE18 4YH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 July 2022 and 30 June 2023
15,684
15,684
--------
--------
Depreciation
At 1 July 2022 and 30 June 2023
15,684
15,684
--------
--------
Carrying amount
At 30 June 2023
--------
--------
At 30 June 2022
--------
--------
5. Debtors
2023
2022
£
£
Trade debtors
512
Other debtors
53,839
59,855
--------
--------
53,839
60,367
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
144
Other creditors
400
400
----
----
400
544
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