Company registration number:
06244812
Mocara Limited
Unaudited filleted financial statements
31 May 2023
Mocara Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Mocara Limited
Directors and other information
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Director |
Mrs C DaBreo |
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Company number |
06244812 |
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Registered office |
2 Tolherst Court |
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Turkey Mill Business Park, Ashford Road |
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Maidstone |
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Kent |
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ME14 5SF |
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Business address |
52 Dixon Road |
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London |
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SE25 6UE |
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Accountants |
Couch Bright King & Co |
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2 Tolherst Court |
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Turkey Mill Business Park, Ashford Road |
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Maidstone |
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Kent |
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ME14 5SF |
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Mocara Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Mocara Limited
Year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mocara Limited for the year ended 31 May 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Couch Bright King & Co
Chartered Accountants
2 Tolherst Court
Turkey Mill Business Park, Ashford Road
Maidstone
Kent
ME14 5SF
1 February 2024
Mocara Limited
Statement of financial position
31 May 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
1,126 |
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1,500 |
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_______ |
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_______ |
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1,126 |
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1,500 |
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Current assets |
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Debtors |
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6 |
800 |
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500 |
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Cash at bank and in hand |
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12,041 |
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9,260 |
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_______ |
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_______ |
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12,841 |
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9,760 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
13,819) |
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(
10,938) |
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_______ |
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_______ |
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Net current liabilities |
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(
978) |
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(
1,178) |
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_______ |
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Total assets less current liabilities |
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148 |
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322 |
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_______ |
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Net assets |
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148 |
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322 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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147 |
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321 |
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_______ |
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_______ |
Shareholders funds |
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148 |
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322 |
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_______ |
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_______ |
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For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 February 2024
, and are signed on behalf of the board by:
Mrs C DaBreo
Director
Company registration number:
06244812
Mocara Limited
Notes to the financial statements
Year ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, ME14 5SF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any 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:
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Fittings fixtures and equipment |
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25% on written down value
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
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5.
Tangible assets
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Fixtures, fittings and equipment |
Total |
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£ |
£ |
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Cost |
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At 1 June 2022 and 31 May 2023 |
4,372 |
4,372 |
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_______ |
_______ |
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Depreciation |
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At 1 June 2022 |
2,872 |
2,872 |
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Charge for the year |
374 |
374 |
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_______ |
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At 31 May 2023 |
3,246 |
3,246 |
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_______ |
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Carrying amount |
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At 31 May 2023 |
1,126 |
1,126 |
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_______ |
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At 31 May 2022 |
1,500 |
1,500 |
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_______ |
_______ |
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6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Other debtors |
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800 |
500 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Corporation tax |
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4,574 |
1,693 |
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Other creditors |
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9,245 |
9,245 |
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_______ |
_______ |
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13,819 |
10,938 |
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_______ |
_______ |
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8.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Mrs C DaBreo |
(
8,692) |
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(
8,692) |
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_______ |
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2022 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Mrs C DaBreo |
19 |
(
8,711) |
(
8,692) |
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_______ |
_______ |
_______ |
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