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REGISTERED NUMBER: 05544338 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

The Half Moon Warninglid Ltd

The Half Moon Warninglid Ltd (Registered number: 05544338)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Half Moon Warninglid Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V J Amico





SECRETARY: V J Amico





REGISTERED OFFICE: The Half Moon Warninglid
The Street
Warninglid
Haywards Heath
England
RH17 5TR





REGISTERED NUMBER: 05544338 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

The Half Moon Warninglid Ltd (Registered number: 05544338)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,682 26,937
23,682 26,937

CURRENT ASSETS
Stocks 4,200 4,000
Debtors 6 127,812 83,368
Cash at bank and in hand 500 2,500
132,512 89,868
CREDITORS
Amounts falling due within one year 7 (257,639 ) (201,752 )
NET CURRENT LIABILITIES (125,127 ) (111,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,445

)

(84,947

)

CREDITORS
Amounts falling due after more than one year 8 (21,049 ) (28,488 )
NET LIABILITIES (122,494 ) (113,435 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (122,594 ) (113,535 )
SHAREHOLDERS' FUNDS (122,494 ) (113,435 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Half Moon Warninglid Ltd (Registered number: 05544338)

Balance Sheet - continued
31 March 2024


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 10 July 2024 and were signed by:





V J Amico - Director


The Half Moon Warninglid Ltd (Registered number: 05544338)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Half Moon Warninglid 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.

GOODWILL
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

INTANGIBLE ASSETS
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
GoodwillStraight line over eleven years

TANGIBLE FIXED ASSETS
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Improvements to property10% reducing balance
Plant and equipment25% reducing balance
Furniture and fittings15% reducing balance
Computer equipment25% straight line

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.

The Half Moon Warninglid Ltd (Registered number: 05544338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

The Half Moon Warninglid Ltd (Registered number: 05544338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 25,035 36,533 72,938 338 134,844
Additions - 787 - - 787
At 31 March 2024 25,035 37,320 72,938 338 135,631
DEPRECIATION
At 1 April 2023 14,871 33,407 59,291 338 107,907
Charge for year 1,017 978 2,047 - 4,042
At 31 March 2024 15,888 34,385 61,338 338 111,949
NET BOOK VALUE
At 31 March 2024 9,147 2,935 11,600 - 23,682
At 31 March 2023 10,164 3,126 13,647 - 26,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,360 5,391
Amounts owed by group undertakings - 49,382
Other debtors 2,541 4,165
Directors' current accounts 114,544 23,561
Deferred tax asset 1,354 593
Prepayments 13 276
127,812 83,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,276 46,882
Trade creditors 55,310 30,982
Tax 48,126 1,425
PAYE/NI liability 1,193 5,664
Pension Payable - 302
VAT 120,643 115,840
Other creditors 91 657
257,639 201,752

The Half Moon Warninglid Ltd (Registered number: 05544338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 21,049 28,488

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is V J Amico.

11. GOING CONCERN

The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition the directors have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support was withdrawn.