13 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 17,032 9,369 26,401 5,160 8,800 13,960 12,441 11,872 100 200 300 300 100 xbrli:pure xbrli:shares iso4217:GBP 06604306 2023-06-01 2024-05-31 06604306 2024-05-31 06604306 2023-05-31 06604306 2022-06-01 2023-05-31 06604306 2023-05-31 06604306 2022-05-31 06604306 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 06604306 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 06604306 bus:OrdinaryShareClass5 2023-06-01 2024-05-31 06604306 bus:Director2 2023-06-01 2024-05-31 06604306 core:WithinOneYear 2024-05-31 06604306 core:WithinOneYear 2023-05-31 06604306 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 06604306 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 06604306 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 06604306 core:AfterOneYear 2024-05-31 06604306 core:ShareCapital 2024-05-31 06604306 core:ShareCapital 2023-05-31 06604306 core:RetainedEarningsAccumulatedLosses 2024-05-31 06604306 core:RetainedEarningsAccumulatedLosses 2023-05-31 06604306 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 06604306 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 06604306 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 06604306 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 06604306 core:Non-currentFinancialInstruments 2024-05-31 06604306 core:Non-currentFinancialInstruments 2023-05-31 06604306 bus:SmallEntities 2023-06-01 2024-05-31 06604306 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06604306 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06604306 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06604306 bus:FullAccounts 2023-06-01 2024-05-31 06604306 bus:OrdinaryShareClass1 2024-05-31 06604306 bus:OrdinaryShareClass1 2023-05-31 06604306 bus:OrdinaryShareClass3 2024-05-31 06604306 bus:OrdinaryShareClass3 2023-05-31 06604306 bus:OrdinaryShareClass5 2024-05-31 06604306 bus:OrdinaryShareClass5 2023-05-31 06604306 bus:AllOrdinaryShares 2024-05-31 06604306 bus:AllOrdinaryShares 2023-05-31
COMPANY REGISTRATION NUMBER: 06604306
Sun And Moon Studios Limited
Filleted Unaudited Financial Statements
31 May 2024
Sun And Moon Studios Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
12,441
11,872
Tangible assets
6
1,104
1,651
Investments
7
300
100
--------
--------
13,845
13,623
Current assets
Debtors
8
274,148
370,857
Cash at bank and in hand
6,054
39,310
---------
---------
280,202
410,167
Creditors: amounts falling due within one year
9
110,294
121,849
---------
---------
Net current assets
169,908
288,318
---------
---------
Total assets less current liabilities
183,753
301,941
Creditors: amounts falling due after more than one year
10
56,228
---------
---------
Net assets
127,525
301,941
---------
---------
Capital and reserves
Called up share capital
11
1,120
1,120
Profit and loss account
126,405
300,821
---------
---------
Shareholders funds
127,525
301,941
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sun And Moon Studios Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
D Shipley
Director
Company registration number: 06604306
Sun And Moon Studios Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor 61 Macrae Road, Eden Business Park, Ham Green, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website development costs
-
Over 3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
Over 3 years
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 12 ).
5. Intangible assets
Development costs
£
Cost
At 1 June 2023
17,032
Additions
9,369
--------
At 31 May 2024
26,401
--------
Amortisation
At 1 June 2023
5,160
Charge for the year
8,800
--------
At 31 May 2024
13,960
--------
Carrying amount
At 31 May 2024
12,441
--------
At 31 May 2023
11,872
--------
Capital commitments
2024
2023
£
£
Contracted for but not provided for in the financial statements
8,767
----
-------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 June 2023
31,807
31,807
Additions
833
833
--------
--------
At 31 May 2024
32,640
32,640
--------
--------
Depreciation
At 1 June 2023
30,156
30,156
Charge for the year
1,380
1,380
--------
--------
At 31 May 2024
31,536
31,536
--------
--------
Carrying amount
At 31 May 2024
1,104
1,104
--------
--------
At 31 May 2023
1,651
1,651
--------
--------
7. Investments
Shares in group undertakings
£
Cost
At 1 June 2023
100
Additions
200
----
At 31 May 2024
300
----
Impairment
At 1 June 2023 and 31 May 2024
----
Carrying amount
At 31 May 2024
300
----
At 31 May 2023
100
----
8. Debtors
2024
2023
£
£
Trade debtors
65,377
134,903
Amounts owed by group undertakings
200
Prepayments and accrued income
16,497
33,800
Corporation tax repayable
192,274
201,954
---------
---------
274,148
370,857
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,241
46,900
Amounts owed to group undertakings
300
Accruals and deferred income
5,883
15,850
Social security and other taxes
63,531
55,701
Other creditors
11,339
3,398
---------
---------
110,294
121,849
---------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
56,228
--------
----
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
56
56
56
56
Ordinary B1 shares of £ 1 each
392
392
392
392
Ordinary C1 shares of £ 1 each
392
392
392
392
Ordinary D shares of £1 each
56
56
56
56
Ordinary E shares of £1 each
224
224
224
224
-------
-------
-------
-------
1,120
1,120
1,120
1,120
-------
-------
-------
-------