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REGISTERED NUMBER: 06644238 (England and Wales)















MOON WORKSHOP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2024






MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOON WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH MARCH 2024







DIRECTORS: T Newman
N A Ross
S Herbert
J Murray





SECRETARY: N A Ross





REGISTERED OFFICE: Unit 3c Severnside Trading Estate
St Andrews Road
Avonmouth
BS11 9YQ





REGISTERED NUMBER: 06644238 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

BALANCE SHEET
30TH MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,518 75,015

CURRENT ASSETS
Stocks 408,216 260,984
Debtors 5 142,774 122,101
Cash at bank 94,500 155,024
645,490 538,109
CREDITORS
Amounts falling due within one year 6 631,629 574,008
NET CURRENT ASSETS/(LIABILITIES) 13,861 (35,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,379

39,116

CREDITORS
Amounts falling due after more than one
year

7

(15,059

)

(18,430

)

PROVISIONS FOR LIABILITIES (5,435 ) (7,554 )
NET ASSETS 50,885 13,132

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 50,735 12,982
SHAREHOLDERS' FUNDS 50,885 13,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

BALANCE SHEET - continued
30TH 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2024 and were signed on its behalf by:





S Herbert - Director


MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MARCH 2024

1. STATUTORY INFORMATION

Moon Workshop Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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.

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.

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 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31st March 2023 83,017 19,350 102,367
Additions 4,930 - 4,930
At 30th March 2024 87,947 19,350 107,297
DEPRECIATION
At 31st March 2023 27,352 - 27,352
Charge for year 17,589 4,838 22,427
At 30th March 2024 44,941 4,838 49,779
NET BOOK VALUE
At 30th March 2024 43,006 14,512 57,518
At 30th March 2023 55,665 19,350 75,015

MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 31st March 2023
and 30th March 2024 19,350
DEPRECIATION
Charge for year 4,838
At 30th March 2024 4,838
NET BOOK VALUE
At 30th March 2024 14,512
At 30th March 2023 19,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,498 35,571
Mood Developments ltd 69,119 69,119
Other debtors 2,742 2,742
Directors' current accounts 8,438 8,438
Prepayments 35,977 6,231
142,774 122,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 3,371 2,962
Trade creditors 311,149 197,698
Corporation Tax 14,790 12,493
Social security and other taxes 6,764 5,045
VAT 52,075 94,091
Other creditors 12,719 15,761
Pension 2,432 1,915
Credit card 10,314 14,720
Directors' current accounts 7,000 22,000
Accruals and deferred income 211,015 207,323
631,629 574,008

MOON WORKSHOP LIMITED (REGISTERED NUMBER: 06644238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Finance leases 15,059 18,430

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

9. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due from J Murray of £8,438 (2023 - £8,438).

The company had an outstanding directors loan account at the year end due to N A Ross of £7,000 (2023 - £22,000).