1 January 2023 false No description of principal activity Taxfiler 2024.5 10944293business:PrivateLimitedCompanyLtd2023-01-012023-12-31 109442932022-12-31 109442932023-01-012023-12-31 10944293business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10944293business:FilletedAccounts2023-01-012023-12-31 109442932023-12-31 10944293business:Director12023-01-012023-12-31 10944293business:Director22023-01-012023-12-31 10944293business:RegisteredOffice2023-01-012023-12-31 109442932022-12-31 10944293core:WithinOneYear2023-12-31 10944293core:WithinOneYear2022-12-31 10944293core:AfterOneYear2023-12-31 10944293core:AfterOneYear2022-12-31 10944293core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10944293core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10944293core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10944293core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10944293core:PreviouslyStatedAmount2023-12-31 10944293core:PreviouslyStatedAmount2022-12-31 10944293business:SmallEntities2023-01-012023-12-31 10944293countries:EnglandWales2023-01-012023-12-31 10944293core:PlantMachinery2023-01-012023-12-31 10944293core:FurnitureFittings2023-01-012023-12-31 10944293core:ComputerEquipment2023-01-012023-12-31 10944293core:IntangibleAssetsOtherThanGoodwill2022-12-31 10944293core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 10944293core:IntangibleAssetsOtherThanGoodwill2023-12-31 10944293core:PlantMachinery2022-12-31 10944293core:FurnitureFittings2022-12-31 10944293core:ComputerEquipment2022-12-31 10944293core:PlantMachinery2023-12-31 10944293core:FurnitureFittings2023-12-31 10944293core:ComputerEquipment2023-12-31 10944293business:OrdinaryShareClass12023-01-012023-12-31 10944293business:OrdinaryShareClass12021-10-012022-12-31 109442932021-10-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
LUNA London Technologies Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,167 
1,677 
Tangible assets
14,961 
17,281 
28,128 
18,958 
Current assets
Inventories
72,020 
46,757 
Debtors
36,039 
25,035 
Cash at bank and in hand
2,933 
2,967 
110,992 
74,759 
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 
Capital and reserves
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
- 4 -
LUNA London Technologies Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Foreign exchange
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
LUNA London Technologies Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
1,750 
Additions
12,865 
At 31 December 2023
14,615 
Amortisation
At 1 January 2023
73 
Charge for the year
1,375 
At 31 December 2023
1,448 
Net book value
At 31 December 2023
13,167 
At 31 December 2022
1,677 
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 
Depreciation
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 
Net book value
At 31 December 2023
14,746 
97 
118 
14,961 
At 31 December 2022
16,400 
139 
742 
17,281 
6
Inventories
2023 
2022 
£ 
£ 
Finished goods
72,020 
46,757 
72,020 
46,757 
7
Debtors
2023 
2022 
£ 
£ 
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 
36,039 
25,035 
- 6 -
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 
VAT
12,641 
- 
Trade creditors
45,623 
12,510 
Other creditors
38,628 
16,088 
Loans from directors
9,933 
19,673 
119,923 
54,456 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,344 
14,947 
Other creditors
12,410 
23,314 
35,754 
38,261 
10
Share capital
2023 
2022 
£ 
£ 
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).
- 7 -