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REGISTERED NUMBER: 07129730 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Moonreach Limited

Moonreach Limited (Registered number: 07129730)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Moonreach Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss F Cowie
Mrs L Cowie





REGISTERED OFFICE: 4 Dane John Works
Gordon Road
Canterbury
Kent
CT1 3PP





REGISTERED NUMBER: 07129730 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Moonreach Limited (Registered number: 07129730)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,405,181 2,290,057

CURRENT ASSETS
Debtors 5 205,453 187,002
Cash at bank and in hand 359,426 58,677
564,879 245,679
CREDITORS
Amounts falling due within one year 6 861,276 746,303
NET CURRENT LIABILITIES (296,397 ) (500,624 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,108,784

1,789,433

CREDITORS
Amounts falling due after more than one
year

7

(1,047,211

)

(1,094,950

)

PROVISIONS FOR LIABILITIES (32,202 ) (25,033 )
NET ASSETS 1,029,371 669,450

CAPITAL AND RESERVES
Called up share capital 111 3
Retained earnings 1,029,260 669,447
1,029,371 669,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Moonreach Limited (Registered number: 07129730)

Statement of Financial Position - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Miss F Cowie - Director


Moonreach Limited (Registered number: 07129730)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Moonreach Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairments losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimates useful lives, using either the straight-line or reducing-balance method.

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Moonreach Limited (Registered number: 07129730)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 48 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 August 2023 2,139,345 58,922 171,082
Additions 77,312 2,800 16,902
At 31 July 2024 2,216,657 61,722 187,984
DEPRECIATION
At 1 August 2023 - 9,627 120,365
Charge for year - 6,172 25,952
At 31 July 2024 - 15,799 146,317
NET BOOK VALUE
At 31 July 2024 2,216,657 45,923 41,667
At 31 July 2023 2,139,345 49,295 50,717

Moonreach Limited (Registered number: 07129730)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 107,545 4,736 2,481,630
Additions 52,742 5,060 154,816
At 31 July 2024 160,287 9,796 2,636,446
DEPRECIATION
At 1 August 2023 58,427 3,154 191,573
Charge for year 4,675 2,893 39,692
At 31 July 2024 63,102 6,047 231,265
NET BOOK VALUE
At 31 July 2024 97,185 3,749 2,405,181
At 31 July 2023 49,118 1,582 2,290,057

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 57,216
Additions 39,552
At 31 July 2024 96,768
DEPRECIATION
At 1 August 2023 5,284
Charge for year 4,274
At 31 July 2024 9,558
NET BOOK VALUE
At 31 July 2024 87,210
At 31 July 2023 51,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,807 171,778
Other debtors 25,906 1,948
Corporation Tax recoverable 13,276 13,276
Prepayments and accrued income 28,464 -
205,453 187,002

Moonreach Limited (Registered number: 07129730)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,679 56,031
Hire purchase contracts 21,214 4,154
Trade creditors 7,342 6,024
Tax 152,216 49,270
Social security and other taxes 35,575 29,378
Other creditors 27,612 11,450
Directors' current accounts 310,638 398,293
Accrued expenses & deferred
income 250,000 191,703
861,276 746,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 1,047,211 1,094,950

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,047,211 1,094,950

8. RELATED PARTY DISCLOSURES

During the year ended 31 July 2024, the company was controlled by the directors.