Moons Hill Administrative Services Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 03445336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

MOONS HILL ADMINISTRATIVE SERVICES LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M R Richards

Mrs S D Richards

D P Richards

SECRETARY:

Mrs S D Richards

REGISTERED OFFICE:

Exchange House

St Cross Lane

Newport

Isle of Wight

PO30 5BZ

REGISTERED NUMBER:

03445336 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Intangible assets

4

30,000

40,000

Tangible assets

5

2,464

3,287

Investment property

6

100,000

100,000

132,464

143,287

CURRENT ASSETS

Stocks

2,565

2,515

Debtors

7

14,616

21,251

Cash at bank and in hand

12,830

9,302

30,011

33,068

CREDITORS

Amounts falling due within one year

8

25,745

27,100

NET CURRENT ASSETS

4,266

5,968

TOTAL ASSETS LESS CURRENT LIABILITIES

136,730

149,255

PROVISIONS FOR LIABILITIES

7,184

7,430

NET ASSETS

129,546

141,825

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

129,544

141,823

SHAREHOLDERS' FUNDS

129,546

141,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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.

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 October 2016 and were signed on its behalf by:

M R Richards - Director

Mrs S D Richards - Director

1.	STATUTORY INFORMATION

Moons Hill Administrative Services 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Stocks

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

slow moving items.

Deferred tax

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

balance sheet date.

Pension costs and other post-retirement benefits

The pension costs shown in the accounts represent the contribution made by the NHS into the directors

defined benefit pension schemes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2015

and 30 April 2016

100,000

AMORTISATION

At 1 May 2015

60,000

Charge for year

10,000

At 30 April 2016

70,000

NET BOOK VALUE

At 30 April 2016

30,000

At 30 April 2015

40,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

12,876

At 30 April 2016

12,876

DEPRECIATION

At 1 May 2015

9,589

Charge for year

823

At 30 April 2016

10,412

NET BOOK VALUE

At 30 April 2016

2,464

At 30 April 2015

3,287

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2015

and 30 April 2016

100,000

NET BOOK VALUE

At 30 April 2016

100,000

At 30 April 2015

100,000

Cost or valuation at 30 April 2016 is represented by:

£

Valuation in 2011

58,886

Cost

41,114

100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

14,616

21,251

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

23,721

24,550

Other creditors

2,024

2,550

25,745

27,100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

£

M R Richards and Mrs S D Richards

Balance outstanding at start of year

17,876

10,623

Amounts advanced

159,533

85,088

Amounts repaid

(166,155

)

(77,835

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,254

17,876

10.	IMPACT OF CHANGE TO ACCOUNTING REGIME

The company has adopted Financial Reporting Standard 102, "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" (FRS) for its accounting period beginning on 1 May 2015.

The company's date of transition to FRS 102 is 1 May 2014 and, as required by FRS 102, it has restated reserves

as at that date and as at 30 April 2015, and its retained earnings reserve for the year ended 30 April 2015.

The only changes to comparatives as a result of the adoption of FRS 102 arises in relation to investment

properties. Previously, the company recognised changes in the value of its investment properties by increasing

the carrying amount in the balance sheet and recording a corresponding entry in a revaluation reserve. Under

FRS 102, valuation adjustments are recognised as part of retained earnings.

FRS 102 also requires that deferred tax is recognised on the value of investment property. Previously deferred

tax would only have been recognised in respect of a revaluation where there was an irrevocable agreement to

sell the property.