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REGISTERED NUMBER: 08003960 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Moodster Ltd

Moodster Ltd (Registered number: 08003960)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Moodster Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Lee Nathan Moody





REGISTERED OFFICE: South Wood Ram Hill
Coalpit Heath
Bristol
BS36 2UF





REGISTERED NUMBER: 08003960 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Moodster Ltd (Registered number: 08003960)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,378 4,075

CURRENT ASSETS
Debtors 5 271,674 144,858
Cash at bank 8,881 165,269
280,555 310,127
CREDITORS
Amounts falling due within one year 6 17,393 9,465
NET CURRENT ASSETS 263,162 300,662
TOTAL ASSETS LESS CURRENT LIABILITIES 299,540 304,737

PROVISIONS FOR LIABILITIES 6,529 774
NET ASSETS 293,011 303,963

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 292,911 303,863
SHAREHOLDERS' FUNDS 293,011 303,963

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 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 21 August 2024 and were signed by:





Mr Lee Nathan Moody - Director


Moodster Ltd (Registered number: 08003960)

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

1. STATUTORY INFORMATION

Moodster 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - Straight line over 4 years
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Moodster Ltd (Registered number: 08003960)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 - - 3,949 4,177 8,126
Additions 2,014 31,920 4,242 - 38,176
At 31 March 2024 2,014 31,920 8,191 4,177 46,302
DEPRECIATION
At 1 April 2023 - - 1,930 2,121 4,051
Charge for year - 4,264 1,095 514 5,873
At 31 March 2024 - 4,264 3,025 2,635 9,924
NET BOOK VALUE
At 31 March 2024 2,014 27,656 5,166 1,542 36,378
At 31 March 2023 - - 2,019 2,056 4,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,000 1,800
Other debtors 140,000 140,000
Directors' current accounts 116,945 -
Tax 4,276 3,058
VAT 1,453 -
271,674 144,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,183 -
Amounts owed to group undertakings 15,000 -
Tax - 4,276
VAT - 466
Directors' current accounts - 2,223
Deferred income - 1,500
Accrued expenses 1,210 1,000
17,393 9,465

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Moodster Ltd (Registered number: 08003960)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2023 303,863
Deficit for the year (3,952 )
Dividends (7,000 )
At 31 March 2024 292,911

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr Lee Nathan Moody
Balance outstanding at start of year (2,222 ) 135,136
Amounts advanced 128,264 61,738
Amounts repaid (9,096 ) (199,096 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,946 (2,222 )

The overdrawn Directors Loan Account was repaid within 9 months of the year end.