Moeson Corporation Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08813288 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Moeson Corporation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs A G Golland

C R Golland

REGISTERED OFFICE:

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

REGISTERED NUMBER:

08813288 (England and Wales)

ACCOUNTANTS:

Stuart Harris Associates

Chartered Certified Accountants

and Statutory Auditors

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

CURRENT ASSETS

Debtors

5

16,973

-

Cash at bank

1,914

14,912

18,887

14,912

CREDITORS

Amounts falling due within one year

6

6,190

13,911

NET CURRENT ASSETS

12,697

1,001

TOTAL ASSETS LESS CURRENT LIABILITIES

12,697

1,001

CREDITORS

Amounts falling due after more than one year

7

12,593

-

NET ASSETS

104

1,001

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

102

999

SHAREHOLDERS' FUNDS

104

1,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 3 January 2023 and were signed on its behalf by:

C R Golland - Director

Mrs A G Golland - Director

1.	STATUTORY INFORMATION

Moeson Corporation Ltd 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

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

-

33% on cost

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.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

3,825

DEPRECIATION

At 1 April 2021

and 31 March 2022

3,825

NET BOOK VALUE

At 31 March 2022

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

16,973

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

3,148

-

Taxation and social security

1,062

8,015

Other creditors

1,980

5,896

6,190

13,911

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

12,593

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

C R Golland and Mrs A G Golland

Balance outstanding at start of year

(3,916

)

20,153

Amounts advanced

62,193

(3,916

)

Amounts repaid

(41,304

)

(20,153

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,973

(3,916

)

The director's loan will be repyable after the year end.

9.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, Mr and Mrs C R Golland, who own 100% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Stuart Harris Associates

Chartered Certified Accountants

and Statutory Auditors

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

3 January 2023