Moments of Excellence Ltd - Abbreviated accounts

Registered number

08211905

Moments of Excellence Ltd

Abbreviated Accounts

30 September 2016

Moments of Excellence Ltd
Registered number:		08211905
Abbreviated Balance Sheet
as at 30 September 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		325			406

Current assets
Stocks		47,939			1,755
Debtors		19,418			2,584
Cash at bank and in hand		1,421			12,707
		68,778			17,046

Creditors: amounts falling due within one year		(106,718)			(45,838)

Net current liabilities			(37,940)			(28,792)

Net liabilities			(37,615)			(28,386)

Capital and reserves
Called up share capital	3		351,200			351,200
Profit and loss account			(388,815)			(379,586)

Shareholders' funds			(37,615)			(28,386)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Courtney Bramwell
Director
Approved by the board on 12 January 2017

Moments of Excellence Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax, of goods provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 October 2015					794
	At 30 September 2016					794

	Depreciation
	At 1 October 2015					388
	Charge for the year					81
	At 30 September 2016					469

	Net book value
	At 30 September 2016					325
	At 30 September 2015					406


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		1,000
	B Ordinary shares	£100 each		3,502		350,200		350,200
						351,200		351,200