Moixa Energy Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04941671 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Moixa Energy Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S Daniel

Mr C Wright

Mr M P Lehhrter

REGISTERED OFFICE:

150 Aldersgate Street

London

EC1A 4AB

REGISTERED NUMBER:

04941671 (England and Wales)

ACCOUNTANTS:

Chaddesley Sanford Limited

3rd Floor

3 Fitzhardinge Street

London

W1H 6EF

FIXED ASSETS

Tangible assets

2

185

681

Investments

3

228

228

413

909

CURRENT ASSETS

Debtors

4

744,385

745,966

Cash at bank

8,215

15,229

752,600

761,195

CREDITORS

Amounts falling due within one year

34,681

91,992

NET CURRENT ASSETS

717,919

669,203

TOTAL ASSETS LESS CURRENT LIABILITIES

718,332

670,112

CAPITAL AND RESERVES

Called up share capital

5

168

165

Share premium

1,023,302

902,286

Profit and loss account

(305,138

)

(232,339

)

SHAREHOLDERS' FUNDS

718,332

670,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2016 and were signed on its behalf by:

Mr S Daniel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

33% on cost

Computer equipment

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

3,906

DEPRECIATION

At 1 April 2015

3,225

Charge for year

496

At 31 March 2016

3,721

NET BOOK VALUE

At 31 March 2016

185

At 31 March 2015

681

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.16

31.3.15

£

£

Investments

228

228

The company owns 100% of the issued share capital of Moixa Energy Limited, a company which develops and

markets intelligent battery technologies, including the USBCELL re-usable battery category.

The company owns a majority holding in Moixa Technology Limited, a company which is developing a Home

Energy System that enables low power homes through an energy management and power provisioning system

that helps households reduce/load shift electricity consumption, go off-grid and cost effectively and persistently

reduce energy use via advanced monitoring.

Under the 2006 Companies Act the company is exempt from preparing consolidated accounts and has not done

so, therefore the accounts show information about the company as an individual entity.

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 639,023 (31.3.15 - £ 635,523 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

103,776

Ordinary

0.001

168

165