MOXCA LTD Company Accounts

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COMPANY REGISTRATION NUMBER: 09581580

MOXCA LTD

Unaudited Financial Statements

31 December 2016

MOXCA LTD

Financial Statements

Year ended 31 December 2016

Contents	Page

Director's report	1

Statement of comprehensive income	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Detailed income statement	8

Notes to the detailed income statement	9

MOXCA LTD

Director's Report

Year ended 31 December 2016

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2016 .

Director

The director who served the company during the year was as follows:

Ms Jaime Casals

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 9 February 2017 and signed on behalf of the board by:

Ms Jaime Casals
Director

Registered office:

84 Uxbridge Road

Ealing

London

United Kingdom

W13 8RA

MOXCA LTD

Statement of Comprehensive Income

Year ended 31 December 2016

	2016	2015
Note	£	£
Turnover	47,848	–

Cost of sales	1,095	642
	--------	----
Gross profit/(loss)	46,753	( 642)

Administrative expenses	50,179	21,995
	--------	--------
Operating loss	( 3,426)	( 22,637)

	--------	--------
Loss before taxation	( 3,426)	( 22,637)

Tax on loss	–	–
	-------	--------
Loss for the financial year and total comprehensive income	( 3,426)	( 22,637)
	-------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

MOXCA LTD

Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Current assets

Cash at bank and in hand	382		3,808

Creditors: amounts falling due within one year	5	26,444		26,444
		--------		--------
Net current liabilities			26,062	22,636
			--------	--------
Total assets less current liabilities			( 26,062)	( 22,636)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 26,063)	( 22,637)
	--------	--------
Member deficit	( 26,062)	( 22,636)
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 February 2017 , and are signed on behalf of the board by:

Ms Jaime Casals
Director

Company registration number: 09581580

MOXCA LTD

Notes to the Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 84 Uxbridge Road, Ealing, London, W13 8RA, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to 4 (2015: 4).

5. Creditors: amounts falling due within one year

	2016	2015
	£	£
Other creditors	26,444	26,444
	--------	--------

6. Director's advances, credits and guarantees

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

Reconciliation of equity

	1 January 2015			31 December 2015
	As previously stated	Effect of transition	FRS 102 (as restated)	As previously stated	Effect of transition	FRS 102 (as restated)
	£	£	£	£	£	£
Current assets	–	–	–	–	3,808	3,808
Creditors: amounts falling due within one year	–	–	–	–	( 26,444)	( 26,444)
	----	----	----	----	--------	--------
Net current liabilities	–	–	–	–	( 22,636)	( 22,636)
	----	----	----	----	--------	--------
Total assets less current liabilities	–	–	–	–	( 22,636)	( 22,636)

	----	----	----	----	--------	--------
Net liabilities	–	–	–	–	( 22,636)	( 22,636)
	----	----	----	----	--------	--------

	----	----	----	----	--------	--------
Capital and reserves	–	–	–	–	( 22,636)	( 22,636)
	----	----	----	----	--------	--------

Reconciliation of profit or loss for the year

	Year ended 31 December 2015
	As previously stated	Effect of transition	FRS 102 (as restated)
	£	£	£
Cost of sales	–	( 642)	( 642)

Administrative expenses	–	( 21,995)	( 21,995)
	----	--------	--------
Operating loss	–	( 22,637)	( 22,637)
	----	--------	--------

No adjustments required.

MOXCA LTD

Management Information

Year ended 31 December 2016

The following pages do not form part of the financial statements.

MOXCA LTD

Detailed Income Statement

Year ended 31 December 2016

	2016	2015
	£	£
Turnover	47,848	–

Cost of sales

Purchases	1,095	642

	--------	----
Gross profit/(loss)	46,753	( 642)

Overheads

Administrative expenses	50,179	21,995

	--------	--------
Operating loss	( 3,426)	( 22,637)

	--------	--------
Loss before taxation	(3,426)	(22,637)
	--------	--------

MOXCA LTD

Notes to the Detailed Income Statement

Year ended 31 December 2016

	2016	2015
	£	£

Administrative expenses

Wages and salaries	45,787	17,328
Rent rates and water	2,178	4,212
Travel and subsistence	35	–
Telephone	501	455
Office expenses	760	–
Advertising	84	–
Accountancy fees	834	–
	--------	--------
	50,179	21,995
	--------	--------