Mooney Caravan Sales Limited - Filleted accounts

Registered number

11219637

Mooney Caravan Sales Limited

Filleted Accounts

28 February 2025

Mooney Caravan Sales Limited
Registered number:		11219637
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,845			2,606

Current assets
Debtors	4	29,757			25,467
Cash at bank and in hand		-			1,582
		29,757			27,049

Creditors: amounts falling due within one year	5	(18,821)			(12,660)

Net current assets			10,936			14,389

Net assets			12,781			16,995

Capital and reserves
Called up share capital			100			100
Profit and loss account			12,681			16,895

Shareholder's funds			12,781			16,995

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr G S Mooney
Director
Approved by the board on 1 October 2025

Mooney Caravan Sales Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 4 years
	Fixtures and fittings			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Plant and machinery etc		Fixtures and fittings		Total
£					£		£
	Cost
	At 1 March 2024			4,226		771		4,997
	Additions			600		-		600
	At 28 February 2025			4,826		771		5,597

	Depreciation
	At 1 March 2024			2,237		154		2,391
	Charge for the year			1,207		154		1,361
	At 28 February 2025			3,444		308		3,752

	Net book value
	At 28 February 2025			1,382		463		1,845
	At 29 February 2024			1,989		617		2,606


4	Debtors					2025		2024
£							£

	Trade debtors					3,936		-
	Loan to director					19,488		19,223
	Other debtors					6,333		6,244
						29,757		25,467


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,553		-
	Trade creditors					34		-
	Taxation and social security costs					12,753		12,265
	Accruals					338		338
	Other creditors					143		57
						18,821		12,660


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr G S Mooney
	Loan at 10%	19,223		265		-		19,488

		19,223		265		-		19,488


7	Other information

	Mooney Caravan Sales Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	Ty Newydd
	Borth-y-Gest
	Porthmadog
	LL49 9UH