Acorah Software Products - Accounts Production 16.1.200 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11131289 Mrs Donna Ettalini Mr Naci Ettalini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11131289 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-01-31 11131289 2023-01-31 11131289 2024-01-31 11131289 2023-02-01 2024-01-31 11131289 frs-core:CurrentFinancialInstruments 2024-01-31 11131289 frs-core:Non-currentFinancialInstruments 2024-01-31 11131289 frs-core:FurnitureFittings 2024-01-31 11131289 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11131289 frs-core:FurnitureFittings 2023-01-31 11131289 frs-core:ShareCapital 2024-01-31 11131289 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11131289 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11131289 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11131289 frs-bus:SmallEntities 2023-02-01 2024-01-31 11131289 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11131289 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11131289 frs-bus:Director1 2023-02-01 2024-01-31 11131289 frs-bus:Director2 2023-02-01 2024-01-31 11131289 frs-countries:EnglandWales 2023-02-01 2024-01-31 11131289 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-01-31 11131289 2022-01-31 11131289 2023-01-31 11131289 2022-02-01 2023-01-31 11131289 frs-core:CurrentFinancialInstruments 2023-01-31 11131289 frs-core:Non-currentFinancialInstruments 2023-01-31 11131289 frs-core:ShareCapital 2023-01-31 11131289 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11131289
Moonstar Developments Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11131289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,930 6,016
Investment Properties 5 348,038 348,038
353,968 354,054
CURRENT ASSETS
Cash at bank and in hand 57,069 75,427
57,069 75,427
Creditors: Amounts Falling Due Within One Year 6 (106,963 ) (94,996 )
NET CURRENT ASSETS (LIABILITIES) (49,894 ) (19,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES 304,074 334,485
Creditors: Amounts Falling Due After More Than One Year 7 (337,171 ) (369,142 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,143 )
NET LIABILITIES (33,097 ) (35,800 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (33,197 ) (35,900 )
SHAREHOLDERS' FUNDS (33,097) (35,800)
Page 1
Page 2
For the year ending 31 January 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Donna Ettalini
Director
27th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Moonstar Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11131289 . The registered office is 203 London Road, Hadleigh, Benfleet, Essex, SS7 2RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company had net liabilities at the year-end, however through the continued support of the directors, the going concern basis remains appropriate.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 9,797
Additions 960
As at 31 January 2024 10,757
Depreciation
As at 1 February 2023 3,781
Provided during the period 1,046
As at 31 January 2024 4,827
Net Book Value
As at 31 January 2024 5,930
As at 1 February 2023 6,016
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 348,038
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,572 1,498
Bank loans and overdrafts 31,970 31,970
Accruals and deferred income 1,651 1,572
Directors' loan accounts 71,770 59,956
106,963 94,996
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 337,171 369,142
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 209,290 241,260
Page 4
Page 5
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by means of a fixed and floating charge over all the land, property and undertakings of the company.
2024 2023
£ £
Bank loans and overdrafts 369,141 401,112
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5