Registered number
04643157
Moen & Co Accountants Limited
Filleted Accounts
31 March 2024
Moen & Co Accountants Limited
Registered number: 04643157
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,626 2,939
Current assets
Debtors 4 10,422 7,196
Cash at bank and in hand 7,944 14,886
18,366 22,082
Creditors: amounts falling due within one year 5 (21,413) (22,640)
Net current liabilities (3,047) (558)
Net assets 579 2,381
Capital and reserves
Called up share capital 100 100
Profit and loss account 479 2,281
Shareholders' funds 579 2,381
The director is 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 director acknowledges his 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.
Mr SR Moen
Director
Approved by the board on 2 April 2024
Moen & Co Accountants Limited
Notes to the Accounts
for the year ended 31 March 2024
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 over its expected useful life, as follows:
Office equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the director is of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2023 7,304
Additions 2,224
Disposals (2,472)
At 31 March 2024 7,056
Depreciation
At 1 April 2023 4,365
Charge for the year 1,208
On disposals (2,143)
At 31 March 2024 3,430
Net book value
At 31 March 2024 3,626
At 31 March 2023 2,939
4 Debtors 2024 2023
£ £
Trade debtors 10,422 7,196
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,588 15,819
Other creditors 8,825 6,821
21,413 22,640
6 Other information
Moen & Co Accountants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Orchard Corner
Freight Lane
Cranbrook
TN17 3PF
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