Harvest Moon Holidays Ltd. - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC390169 (Scotland)

Harvest Moon Holidays Ltd.

Unaudited Financial Statements

for the Year Ended 31st December 2022

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

M Dale

A L J M Mitchell

M Mitchell

R Mitchell

Secretary:

M Dale

Registered office:

Lochhouses

Tyninghame

Dunbar

East Lothian

EH42 1XP

Registered number:

SC390169 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

152,209

157,284

Current assets

Stocks

300

300

Debtors

5

185,628

205,424

Cash at bank and in hand

193,712

198,034

379,640

403,758

Creditors

Amounts falling due within one year

6

91,668

148,058

Net current assets

287,972

255,700

Total assets less current liabilities

440,181

412,984

Provisions for liabilities

5,090

5,166

Net assets

435,091

407,818

Capital and reserves

Called up share capital

3

3

Retained earnings

435,088

407,815

Shareholders' funds

435,091

407,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2023 and were signed on its behalf by:

A L J M Mitchell - Director

M Dale - Director

1.	Statutory information

Harvest Moon Holidays Ltd. is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Property improvements

-

10% on cost

Fixtures, fittings and equipment

-

10% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade creditors, accruals, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the relevant interest method.

Directors' loans (being repayable on demand), trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 4 (2021 - 6 ) .

4.	Tangible fixed assets

Fixtures,

fittings

Property

and

Motor

Office

improvements

equipment

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1st January 2022

8,367

347,061

28,889

1,903

386,220

Additions

21,000

736

-

407

22,143

At 31st December 2022

29,367

347,797

28,889

2,310

408,363

Depreciation

At 1st January 2022

6,702

199,811

20,835

1,588

228,936

Charge for year

2,517

22,692

1,790

219

27,218

At 31st December 2022

9,219

222,503

22,625

1,807

256,154

Net book value

At 31st December 2022

20,148

125,294

6,264

503

152,209

At 31st December 2021

1,665

147,250

8,054

315

157,284

5.

Debtors: amounts falling due within one year

2022

2021

£

£

Other debtors

185,628

205,424

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

33,986

46,797

Taxation and social security

19,279

43,236

Other creditors

38,403

58,025

91,668

148,058

7.	Directors' advances, credits and guarantees

Included within other debtors are the following loans to directors:

at 1 Jan

Amount

Amount

at 31 Dec

2022

Advanced

Repaid

2022

Director 1

72,932

2,195

30,675

44,452

Total

72,932

2,195

30,675

44,452

This loan is unsecured, interest has been charged at the rates published by HMRC and is repayable on demand.