Registered number
04269691
Mainmoon Limited
Filleted Accounts
31 March 2024
Mainmoon Limited
Registered number: 04269691
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 100 100
Net current assets 100 100
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Shareholders' funds 100 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammad Naheed Randhawa
Director
Approved by the board on 4 October 2024
Mainmoon Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Government grants
Grants received during the year from the government are recognised as other income. This income is recognised when the application is made to the local authority after receiving confirmation of entitlement from them. There would either be a debtor, a deferred income or no balance due recognised depending upon when the cash was received from the local authority. The grants received in the year include Coronavirus Job Retention Scheme (CJRS). CJRS is recognised on a straight line basis, accrued over the furlough period for each relevant employee on the PAYE payroll scheme. Cash payments were received from HMRC.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 30
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 90,000
At 31 March 2024 90,000
Amortisation
At 1 April 2023 90,000
At 31 March 2024 90,000
Net book value
At 31 March 2024 -
Goodwill is being written off on 25% reducing balance basis.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 April 2023 437,710
At 31 March 2024 437,710
Depreciation
At 1 April 2023 437,710
At 31 March 2024 437,710
Net book value
At 31 March 2024 -
5 Controlling party
DPKBV Ltd is the ultimate controlling party.
6 Other information
Mainmoon Limited is a private company limited by shares and incorporated in England. Its registered office is:
138 Station Road
Edgware
Middlesex
HA8 7AA
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