L.F.Moon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00830707 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

L.F.Moon Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Moon

M L Moon

J Moon

SECRETARY:

Mrs M Moon

REGISTERED OFFICE:

Unit 12

Brickfields

Huyton Industrial Estate

Liverpool

Merseyside

L36 6HY

REGISTERED NUMBER:

00830707 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Alexander House

61 Rodney Street

Liverpool

Merseyside

L1 9ER

FIXED ASSETS

Tangible assets

4

544,221

589,016

CURRENT ASSETS

Stocks

18,319

13,516

Debtors

270,573

214,431

Cash at bank and in hand

8,455

8,323

297,347

236,270

CREDITORS

Amounts falling due within one year

505,823

405,373

NET CURRENT LIABILITIES

(208,476

)

(169,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

335,745

419,913

CREDITORS

Amounts falling due after more than one year

5

(177,814

)

(220,389

)

PROVISIONS FOR LIABILITIES

(32,651

)

(36,497

)

NET ASSETS

125,280

163,027

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Revaluation reserve

8

324,974

328,858

Retained earnings

(209,694

)

(175,831

)

SHAREHOLDERS' FUNDS

125,280

163,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 28 May 2019 and were signed on its behalf by:

D R Moon - Director

1.	STATUTORY INFORMATION

L.F.Moon 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 as modified by the revaluation of certain assets.

Turnover

Turnover 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.

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on cost and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Government grants

Grants received relating to fixed assets, are treated as deferred income which is credited to the profit and loss

account by instalments over the expected useful economic life of the related asset on a basis consistent with the

depreciation policy.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 December 2017

1,194,079

Additions

6,558

At 30 November 2018

1,200,637

DEPRECIATION

At 1 December 2017

605,063

Charge for year

51,353

At 30 November 2018

656,416

NET BOOK VALUE

At 30 November 2018

544,221

At 30 November 2017

589,016

Cost or valuation at 30 November 2018 is represented by:

Totals

£

Valuation in 2004

273,356

Valuation in 2009

115,000

Cost

812,281

1,200,637

If Freehold Property had not been revalued it would have been included at the following historical cost:

30.11.18

30.11.17

£

£

Cost

51,644

51,644

The directors believe that the value of freehold property in the financial statements is an accurate reflection of

the current market value.

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as

follows:

Totals

£

COST OR VALUATION

At 1 December 2017

and 30 November 2018

368,337

DEPRECIATION

At 1 December 2017

196,372

Charge for year

37,925

At 30 November 2018

234,297

NET BOOK VALUE

At 30 November 2018

134,040

At 30 November 2017

171,965

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.11.18

30.11.17

£

£

Repayable by instalments

Bank loans more 5 yr by instal

135,000

135,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.18

30.11.17

£

£

Bank overdraft

-

3,996

Bank loans

135,000

135,000

Hire purchase contracts and finance leases

85,389

135,682

RBS invoice financing

9,932

102,710

Bibby Invoice Discounting Ltd

143,865

-

374,186

377,388

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.

RESERVES

Revaluation

reserve

£

At 1 December 2017

328,858

Amortisation

(3,884

)

At 30 November 2018

324,974

9.	OTHER FINANCIAL COMMITMENTS

The total amount payable under non-cancellable operating leases at 30th November 2018 was £29,601.