MooGoo EU Limited - Accounts to registrar (filleted) - small 18.2

MooGoo EU Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08064875 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

MOOGOO EU LIMITED

MOOGOO EU LIMITED (REGISTERED NUMBER: 08064875)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOOGOO EU LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2021







DIRECTOR: C Jones





REGISTERED OFFICE: 800 Oxford Avenue
Slough
Berkshire
SL1 4LN





REGISTERED NUMBER: 08064875 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

MOOGOO EU LIMITED (REGISTERED NUMBER: 08064875)

BALANCE SHEET
31 May 2021

31.5.21 31.5.20
Notes £    £   
CURRENT ASSETS
Stocks 287,380 192,128
Debtors 5 99,078 405,421
Cash at bank 1,224,203 573,128
1,610,661 1,170,677
CREDITORS
Amounts falling due within one year 6 743,363 460,248
NET CURRENT ASSETS 867,298 710,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

867,298

710,429

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 867,297 710,428
SHAREHOLDERS' FUNDS 867,298 710,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 29 June 2022 and were signed by:





C Jones - Director


MOOGOO EU LIMITED (REGISTERED NUMBER: 08064875)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2021

1. STATUTORY INFORMATION

MooGoo EU 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 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
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.

MOOGOO EU LIMITED (REGISTERED NUMBER: 08064875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2020
and 31 May 2021 12,715
DEPRECIATION
At 1 June 2020
and 31 May 2021 12,715
NET BOOK VALUE
At 31 May 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Trade debtors 96,133 181,103
Amounts owed by group undertakings 2,945 222,968
Other debtors - 1,350
99,078 405,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Trade creditors 8,840 4,599
Amounts owed to group undertakings 575,825 337,750
Taxation and social security 131,024 110,450
Other creditors & accruals 27,674 7,449
743,363 460,248

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.21 31.5.20
£    £   
Within one year 65,803 65,803
Between one and five years 216,602 263,212
In more than five years - 19,193
282,405 348,208

MOOGOO EU LIMITED (REGISTERED NUMBER: 08064875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2021

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.21 31.5.20
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Jones.