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REGISTERED NUMBER: 07015799 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Red Moon Concepts Ltd

Red Moon Concepts Ltd (Registered number: 07015799)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Moon Concepts Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mrs H Johnson





REGISTERED OFFICE: Unit 5 Whalley Industrial Estate
Clitheroe Road
Whalley
BB7 9AH





REGISTERED NUMBER: 07015799 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Red Moon Concepts Ltd (Registered number: 07015799)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 533
Tangible assets 5 48,341 39,071
48,341 39,604

CURRENT ASSETS
Stocks 4,000 29,650
Debtors 6 43,071 40,586
Cash at bank and in hand 38,207 36,779
85,278 107,015
CREDITORS
Amounts falling due within one year 7 91,678 102,974
NET CURRENT (LIABILITIES)/ASSETS (6,400 ) 4,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,941

43,645

CREDITORS
Amounts falling due after more than
one year

8

(32,009

)

(19,186

)

PROVISIONS FOR LIABILITIES (9,185 ) (1,077 )
NET ASSETS 747 23,382

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 647 23,282
SHAREHOLDERS' FUNDS 747 23,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Red Moon Concepts Ltd (Registered number: 07015799)

Balance Sheet - continued
30 September 2023


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

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

The financial statements were approved by the director and authorised for issue on 1 May 2024 and were signed by:





Mrs H Johnson - Director


Red Moon Concepts Ltd (Registered number: 07015799)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Red Moon Concepts 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Income Statement, 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.


Red Moon Concepts Ltd (Registered number: 07015799)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 39,938
AMORTISATION
At 1 October 2022 39,405
Charge for year 533
At 30 September 2023 39,938
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 533

Red Moon Concepts Ltd (Registered number: 07015799)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 68,440 32,912 28,172 13,892 143,416
Additions - - 39,255 216 39,471
Disposals - - (28,172 ) - (28,172 )
At 30 September 2023 68,440 32,912 39,255 14,108 154,715
DEPRECIATION
At 1 October 2022 50,567 24,817 16,287 12,674 104,345
Charge for year 6,844 1,214 9,814 444 18,316
Eliminated on disposal - - (16,287 ) - (16,287 )
At 30 September 2023 57,411 26,031 9,814 13,118 106,374
NET BOOK VALUE
At 30 September 2023 11,029 6,881 29,441 990 48,341
At 30 September 2022 17,873 8,095 11,885 1,218 39,071

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 28,172
Additions 39,255
Disposals (28,172 )
At 30 September 2023 39,255
DEPRECIATION
At 1 October 2022 16,287
Charge for year 9,814
Eliminated on disposal (16,287 )
At 30 September 2023 9,814
NET BOOK VALUE
At 30 September 2023 29,441
At 30 September 2022 11,885

Red Moon Concepts Ltd (Registered number: 07015799)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,356 39,056
Prepayments 1,715 1,530
43,071 40,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,992 1,992
Hire purchase contracts 3,747 3,187
Trade creditors 50,427 73,431
Tax 873 953
Social security and other taxes 412 711
VAT 6,205 7,450
Directors' loan accounts 5,678 -
Accrued expenses 22,344 15,250
91,678 102,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,992 1,992
Bank loans - 2-5 years 1,349 3,357
Hire purchase contracts 28,668 13,837
32,009 19,186