Company Registration No. 08422619 (England and Wales)
Moments of Light Ltd
Unaudited accounts
for the year ended 29 February 2024
Moments of Light Ltd
Unaudited accounts
Contents
Moments of Light Ltd
Company Information
for the year ended 29 February 2024
Company Number
08422619 (England and Wales)
Registered Office
South Cottage
Wood Langham
MARKET RASEN
Lincolnshire
LN8 3QR
United Kingdom
Accountants
qbx- the quickbooks accountants
South Cottage
Wood Langham
Market Rasen
Lincolnshire
LN8 3QR
Moments of Light Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
44,050
15,730
Cash at bank and in hand
12,288
16,351
Creditors: amounts falling due within one year
(53,185)
(1,517)
Net current (liabilities)/assets
(40,822)
14,834
Total assets less current liabilities
3,228
30,564
Creditors: amounts falling due after more than one year
(35,731)
(50,056)
Net liabilities
(32,503)
(19,492)
Profit and loss account
(32,503)
(19,492)
Shareholders' funds
(32,503)
(19,492)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 June 2024 and were signed on its behalf by
H Dawson
Director
Company Registration No. 08422619
Moments of Light Ltd
Notes to the Accounts
for the year ended 29 February 2024
Moments of Light Ltd is a private company, limited by shares, registered in England and Wales, registration number 08422619. The registered office is South Cottage, Wood Langham, MARKET RASEN, Lincolnshire, LN8 3QR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum on cost
Plant & machinery
20% per annum on cost
Computer equipment
33% per annum on cost
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
12,416
10,816
3,773
27,005
Additions
37,248
-
521
37,769
Disposals
(1,874)
(5,600)
-
(7,474)
At 29 February 2024
47,790
5,216
4,294
57,300
At 1 March 2023
2,718
5,651
2,906
11,275
Charge for the year
4,779
1,043
1,017
6,839
On disposals
(1,664)
(3,200)
-
(4,864)
At 29 February 2024
5,833
3,494
3,923
13,250
At 29 February 2024
41,957
1,722
371
44,050
At 28 February 2023
9,698
5,165
867
15,730
Moments of Light Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,250
1,250
Loans from directors
11,197
-
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
28,747
24,353
Loans from directors
-
17,395
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).