Company Number: 14092864
R MOONEY SERVICES LTD
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
PAGES FOR FILING WITH REGISTRAR
1
R MOONEY SERVICES LTD
Contents
Page
Balance sheet
Notes to the financial statements
4
5
3
R MOONEY SERVICES LTD
BALANCE SHEET as at 31 May 2024
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
1,750
2,917
CURRENT ASSETS
Debtors
4
46,693
17,080
Bank and cash
1,605
1,538
48,298
18,618
CREDITORS: Amounts falling due within one year
5
(14,652)
(6,905)
NET CURRENT ASSETS
33,646
11,713
TOTAL ASSETS LESS CURRENT LIABILITIES
35,396
14,630
Provision for liabilities and charges
6
(532)
(754)
NET ASSETS
34,864
13,876
CAPITAL AND RESERVES
Called-up equity share capital
7
1
1
Profit and loss account
34,863
13,875
SHAREHOLDERS FUNDS
34,864
13,876
For the year ended 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 accounts for the period 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 accounts.
These accounts have been prepared in accordance with the special provisions of the small companies' regime of the Companies Act 2006
As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.
Mr Ryan Mooney
4
R MOONEY SERVICES LTD
Notes to the financial statements
For the year ended 31 May 2024
1.
General Information
The company is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is 26 Pitfields Road, Oldbury, West Midland B68 0RQ.
The financial statements of R Mooney Services Ltd have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
The company was incorporated on 8 May 2022. The company commenced trading on 8 May 2022.
2.
Accounting Policies
Basis of preparation of financial statements
The financial statements have been prepared on the going concern basis, under the historical cost convention. The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed below.
Turnover
Turnover consists of revenue received for the supply of services to third parties. Revenue is recognised as the work is completed and invoiced.
Cash Flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity is exempt from the requirement to prepare such a statement.
Depreciation
Tangible fixed assets are valued at historic purchase cost less accumulated depreciation. Depreciation is provided to write off the cost less estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Van
3 years
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation. Timing differences arise from the inclusion of items of income and expenditure in the taxation computation in periods different from those in which they are included in the accounts.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. On the grounds of immateriality deferred tax assets and liabilities are not discounted.
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R MOONEY SERVIES LTD
Notes to the financial statements
For the year ended 31 May 2024 (continued)
3.
Tangible fixed assets
VAN
Total
£
£
At 31 May 2023
3,500
3,500
Cost
Accumulated depreciation
(583)
(583)
Net book amount
2,917
2,917
Year ended 31 May 2024
Opening net book amount
2,917
2,917
Depreciation
(1,167)
(1,167)
Closing net book amount
1,750
1,750
At 31 May 2024
Cost
3,500
3,500
Accumulated depreciation
(1.750)
(1,750)
Net book amount
1,750
1,750
4.
Debtors
2024
2023
£
£
Trade debtors
12,451
-
VAT recoverable
834
1,399
Other tax recoverable
33,408
15,681
46,693
17,080
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R MOONEY SERVICES LTD
Notes to the financial statements
For the year ended 31 May 2024 (continued)
5.
Creditors: amounts falling due within one year.
2024
2023
£
£
Corporation Tax
13,902
5,163
Accruals and deferred income
750
750
Directors current account
10
Other creditors
982
14,652
6,905
6.
Provision for liabilities and charges
2024
2023
£
£
Accelerated capital allowances
532
754
7.
Share Capital
2023 & 2024
£
Authorised, called up and fully paid.
1 Ordinary Equity Share of £1
1
8.
Related Party Transactions
The Company is under the control of Mr Ryan Mooney who owns 100% of the share capital of the company.
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