Registered number
12750949
Moxie Energy Limited
Filleted Accounts
31 July 2023
Moxie Energy Limited
Registered number: 12750949
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 75,374 1,509
Investments 4 50,250 50,250
125,624 51,759
Current assets
Debtors 5 570,659 -
Cash at bank and in hand 1,128,271 79,766
1,698,930 79,766
Creditors: amounts falling due within one year 6 (145,934) (1,996)
Net current assets 1,552,996 77,770
Net assets 1,678,620 129,529
Capital and reserves
Called up share capital 10,002 10,002
Share premium 40,000 40,000
Profit and loss account 1,628,618 79,527
Shareholders' funds 1,678,620 129,529
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Davies
Director
Approved by the board on 28 March 2024
Moxie Energy Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 2% on a straight line basis
Equipment 20% on a straight line basis
Motor vehicles 20% on a straight line basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 - 1,886 - 1,886
Additions 15,948 - 61,698 77,646
At 31 July 2023 15,948 1,886 61,698 79,532
Depreciation
At 1 August 2022 - 377 - 377
Charge for the year 319 377 3,085 3,781
At 31 July 2023 319 754 3,085 4,158
Net book value
At 31 July 2023 15,629 1,132 58,613 75,374
At 31 July 2022 - 1,509 - 1,509
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2022 50,250
At 31 July 2023 50,250
5 Debtors 2023 2022
£ £
Other debtors 570,659 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 143,998 -
Other creditors 1,936 1,996
145,934 1,996
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr B Davies
Loans to directors - 264,499 (51,168) 213,331
- 264,499 (51,168) 213,331
8 Other information
Moxie Energy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beaumont House
172 Southgate Street
Gloucester
Gloucestershire
GL1 2EZ
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