Company registration number 10294562 (England and Wales)
MOOMBA PRODUCTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MOOMBA PRODUCTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MOOMBA PRODUCTIONS LIMITED (REGISTERED NUMBER: 10294562)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
119,130
94,706
Current assets
Debtors
4
230,815
3,975
Cash at bank and in hand
140,587
130,679
371,402
134,654
Creditors: amounts falling due within one year
5
(222,396)
(129,469)
Net current assets
149,006
5,185
Total assets less current liabilities
268,136
99,891
Creditors: amounts falling due after more than one year
6
(11,627)
(21,841)
Provisions for liabilities
(24,314)
(17,583)
Net assets
232,195
60,467
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
232,185
60,457
Total equity
232,195
60,467
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MOOMBA PRODUCTIONS LIMITED (REGISTERED NUMBER: 10294562)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 January 2025 and are signed on its behalf by:
P Clements
Director
MOOMBA PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Moomba Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19 - 21 Swan Street, Second floor, West Malling, Kent, ME19 6JU.
1.1
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of turnover can be measure reliably
It is probable that the company will receive the consideration due under the contract
The stage of completion of the contract at the end of the reporting period can be measure reliably ; and
the costs incurred and the costs to complete the contract can be measured reliably
1.3
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:
Leasehold improvements
10% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
MOOMBA PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 August 2023
25,000
80,486
9,706
1,667
5,267
122,126
Additions
41,914
7,962
49,876
At 31 July 2024
25,000
122,400
9,706
9,629
5,267
172,002
Depreciation and impairment
At 1 August 2023
625
21,994
202
35
4,564
27,420
Depreciation charged in the year
2,500
18,787
2,376
1,613
176
25,452
At 31 July 2024
3,125
40,781
2,578
1,648
4,740
52,872
Carrying amount
At 31 July 2024
21,875
81,619
7,128
7,981
527
119,130
At 31 July 2023
24,375
58,492
9,504
1,632
703
94,706
MOOMBA PRODUCTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
227,953
1,579
Other debtors
2,862
2,396
230,815
3,975
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
9,970
9,726
Trade creditors
53,895
14,822
Taxation and social security
152,174
51,475
Other creditors
6,357
53,446
222,396
129,469
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,627
21,841