Moxy Communications Ltd 13826370 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is communications consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 13826370 2023-04-01 2024-03-31 13826370 2024-03-31 13826370 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 13826370 core:CurrentFinancialInstruments 2024-03-31 13826370 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13826370 core:FurnitureFittingsToolsEquipment 2024-03-31 13826370 bus:SmallEntities 2023-04-01 2024-03-31 13826370 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13826370 bus:FullAccounts 2023-04-01 2024-03-31 13826370 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13826370 bus:RegisteredOffice 2023-04-01 2024-03-31 13826370 bus:Director1 2023-04-01 2024-03-31 13826370 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13826370 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 13826370 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13826370 core:ComputerEquipment 2023-04-01 2024-03-31 13826370 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13826370 core:OfficeEquipment 2023-04-01 2024-03-31 13826370 countries:AllCountries 2023-04-01 2024-03-31 13826370 core:FurnitureFittingsToolsEquipment 2023-03-31 13826370 2022-01-04 2023-03-31 13826370 2023-03-31 13826370 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 13826370 core:CurrentFinancialInstruments 2023-03-31 13826370 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13826370 core:FurnitureFittingsToolsEquipment 2023-03-31 13826370 bus:OrdinaryShareClass1 2022-01-04 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13826370

Moxy Communications Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Moxy Communications Ltd

(Registration number: 13826370)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,745

2,771

Current assets

 

Debtors

5

31,335

36,790

Cash at bank and in hand

 

105,155

69,749

 

136,490

106,539

Creditors: Amounts falling due within one year

6

(44,964)

(38,930)

Net current assets

 

91,526

67,609

Total assets less current liabilities

 

93,271

70,380

Provisions for liabilities

(412)

(526)

Net assets

 

92,859

69,854

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

92,858

69,853

Shareholders' funds

 

92,859

69,854

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 November 2024

Suzanne Edmond
Director

 

Moxy Communications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Engand and Wales.

The address of its registered office is:
Oast Business Centre
North Frith Farm
Ashes Lane
Tonbridge
Kent
TN11 9QU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Moxy Communications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

Straight line over 3 years

Office equipment

20% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Moxy Communications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Moxy Communications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Cost or valuation

At 1 April 2023

3,917

At 31 March 2024

3,917

Depreciation

At 1 April 2023

1,146

Charge for the year

1,026

At 31 March 2024

2,172

Carrying amount

At 31 March 2024

1,745

At 31 March 2023

2,771

5

Debtors

Current

2024
£

2023
£

Trade debtors

24,570

223

Prepayments and accrued income

6,765

36,567

 

31,335

36,790

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

131

656

Trade creditors

992

11,624

Taxation and social security

40,819

26,650

Accruals and deferred income

3,000

-

Other creditors

22

-

44,964

38,930

 

Moxy Communications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Dividends

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £75,000.00 (2023 - £40,000.00) per each Ordinary share

 

75,000

 

40,000