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REGISTERED NUMBER: 09248337 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LUNA TEXTILES LTD

LUNA TEXTILES LTD (REGISTERED NUMBER: 09248337)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


LUNA TEXTILES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J Daniel
A S Daniel





SECRETARY: Mrs J Daniel





REGISTERED OFFICE: Park House
200 Drake Street
Rochdale
OL16 1PJ





REGISTERED NUMBER: 09248337 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

LUNA TEXTILES LTD (REGISTERED NUMBER: 09248337)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,350 106,374

CURRENT ASSETS
Stocks 35,250 65,250
Debtors 72,726 25,836
Cash at bank and in hand 29,216 17,958
137,192 109,044
CREDITORS
Amounts falling due within one year 107,108 46,856
NET CURRENT ASSETS 30,084 62,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,434

168,562

CREDITORS
Amounts falling due after more than one year - 40,000
NET ASSETS 139,434 128,562

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 5 42,938 45,198
Retained earnings 5 95,496 82,364
SHAREHOLDERS' FUNDS 139,434 128,562

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




A S Daniel - Director


LUNA TEXTILES LTD (REGISTERED NUMBER: 09248337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Luna Textiles 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 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.
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

LUNA TEXTILES LTD (REGISTERED NUMBER: 09248337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2022 132,529
Additions 9,222
At 31 March 2023 141,751
DEPRECIATION
At 1 April 2022 26,155
Charge for year 6,246
At 31 March 2023 32,401
NET BOOK VALUE
At 31 March 2023 109,350
At 31 March 2022 106,374

Cost or valuation at 31 March 2023 is represented by:

Totals
£   
Valuation in 2020 28,708
Cost 113,043
141,751

5. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 82,364 45,198 127,562
Profit for the year 10,872 10,872
Excess depreciation 2,260 (2,260 ) -
At 31 March 2023 95,496 42,938 138,434