Moixa Energy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05608754 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Moixa Energy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S Daniel

Mr C Wright

REGISTERED OFFICE:

3rd Floor

3 Fitzhardinge Street

London

W1H 6EF

REGISTERED NUMBER:

05608754 (England and Wales)

ACCOUNTANTS:

Chaddesley Sanford Limited

3rd Floor

3 Fitzhardinge Street

London

W1H 6EF

CURRENT ASSETS

Stocks

7,588

8,881

Debtors

9,641

10,311

Cash at bank

3,118

3,716

20,347

22,908

CREDITORS

Amounts falling due within one year

52,914

63,931

NET CURRENT LIABILITIES

(32,567

)

(41,023

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,567

)

(41,023

)

CREDITORS

Amounts falling due after more than one year

639,124

635,624

NET LIABILITIES

(671,691

)

(676,647

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(671,791

)

(676,747

)

SHAREHOLDERS' FUNDS

(671,691

)

(676,647

)

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 goods, 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

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

62,218

DEPRECIATION

At 1 April 2015

and 31 March 2016

62,218

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100

4.	GOING CONCERN

As at the balance sheet date the company had net liabilities, and was reliant on the support of its principal

creditor Moixa Energy Holdings Limited. The directors confirm there is no reason why this support will not

continue for the foreseeable future and they are therefore happy that the going concern principle can continue to

be applied.