Company registration number 11225869 (England and Wales)
Moon Racer Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Moon Racer Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Moon Racer Limited
Statement of financial position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
158
211
Current assets
Cash at bank and in hand
23,126
16,273
Creditors: amounts falling due within one year
(6,493)
(1,966)
Net current assets
16,633
14,307
Total assets less current liabilities
16,791
14,518
Creditors: amounts falling due after more than one year
(1,567)
(2,475)
Net assets
15,224
12,043
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
15,124
11,943
Total equity
15,224
12,043
Moon Racer Limited
Statement of financial position (continued)
as at 28 February 2024
- 2 -
For the financial year ended 28 February 2024 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 14 November 2024
M Craven
Director
Company registration number 11225869 (England and Wales)
Moon Racer Limited
Notes to the financial statements
for the year ended 28 February 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Moon Racer Limited
Notes to the financial statements (continued)
for the year ended 28 February 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 March 2023 and 28 February 2024
1,357
501
1,858
Depreciation and impairment
At 1 March 2023
1,357
290
1,647
Depreciation charged in the year
53
53
At 28 February 2024
1,357
343
1,700
Carrying amount
At 28 February 2024
158
158
At 28 February 2023
211
211
4
Company information
Moon Racer Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Berry Lane, Horbury, Wakefield, West Yorkshire, WF4 5HD.