Company Registration No. 10944293 (England and Wales)
LUNA London Technologies Ltd
Unaudited accounts
for the year ended 31 December 2023
LUNA London Technologies Ltd
Unaudited accounts
Contents
LUNA London Technologies Ltd
Company Information
for the year ended 31 December 2023
Directors
L Benbow
G Fiteni
Company Number
10944293 (England and Wales)
Registered Office
Office 515 05 Fitzalan Place
Cardiff
CF24 0ED
Wales
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
LUNA London Technologies Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
13,167
1,677
Tangible assets
14,961
17,281
Cash at bank and in hand
2,933
2,967
Creditors: amounts falling due within one year
(119,923)
(54,456)
Net current (liabilities)/assets
(8,931)
20,303
Total assets less current liabilities
19,197
39,261
Creditors: amounts falling due after more than one year
(35,754)
(38,261)
Net (liabilities)/assets
(16,557)
1,000
Called up share capital
2
2
Profit and loss account
(16,559)
998
Shareholders' funds
(16,557)
1,000
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
G Fiteni
Director
Company Registration No. 10944293
LUNA London Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2023
LUNA London Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10944293. The registered office is Office 515 05 Fitzalan Place, Cardiff, CF24 0ED, Wales.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
10 years straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
LUNA London Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
14,615
At 31 December 2023
13,167
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
16,538
168
2,498
19,204
At 31 December 2023
16,538
168
2,498
19,204
At 1 January 2023
138
29
1,756
1,923
Charge for the year
1,654
42
624
2,320
At 31 December 2023
1,792
71
2,380
4,243
At 31 December 2023
14,746
97
118
14,961
At 31 December 2022
16,400
139
742
17,281
Finished goods
72,020
46,757
Amounts falling due within one year
Trade debtors
8,642
13,931
Accrued income and prepayments
14,637
9,553
Other debtors
12,760
1,551
LUNA London Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,098
6,185
Trade creditors
45,623
12,510
Other creditors
38,628
16,088
Loans from directors
9,933
19,673
9
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
12,410
23,314
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).