Registered number
09877114
Moldovita Ltd
Unaudited Filleted Accounts
5 April 2024
Moldovita Ltd
Registered number: 09877114
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,182 20,432
Current assets
Debtors 4 180,012 238,914
Cash at bank and in hand 6,124 23,061
186,136 261,975
Creditors: amounts falling due within one year 5 (46,857) (86,547)
Net current assets 139,279 175,428
Total assets less current liabilities 155,461 195,860
Creditors: amounts falling due after more than one year 6 (12,865) (21,698)
Net assets 142,596 174,162
Capital and reserves
Called up share capital 2 2
Profit and loss account 142,594 174,160
Shareholder's funds 142,596 174,162
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
N L Cosma
Director
Approved by the board on 20 December 2024
Moldovita Ltd
Notes to the Accounts
for the year ended 5 April 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% per annum
Motor vehicles 25% per annum
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 6 April 2023 14,208 17,933 32,141
At 5 April 2024 14,208 17,933 32,141
Depreciation
At 6 April 2023 5,491 6,218 11,709
Charge for the year 1,321 2,929 4,250
At 5 April 2024 6,812 9,147 15,959
Net book value
At 5 April 2024 7,396 8,786 16,182
At 5 April 2023 8,717 11,715 20,432
4 Debtors 2024 2023
£ £
Trade debtors 15,610 15,293
Taxation 18,278 60,847
Other debtors 146,124 162,774
180,012 238,914
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Taxation and social security costs 8,183 72,003
Other creditors 28,674 4,544
46,857 86,547
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,865 21,698
7 Other information
Moldovita Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
24 Jade Gardens
Colchester
Essex
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