Moonworks IT Limited - Period Ending 2016-11-30

Registration number: 08313432

Moonworks IT Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

KARA Accountants Limited
Chartered Management Accountants
The Square
Fawley
Southampton
HAMPSHIRE
SO45 1DD

Moonworks IT Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Moonworks IT Limited
(Registration number: 08313432)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					80			269
Current assets
Cash at bank and in hand					141,504			113,918
Creditors: Amounts falling due within one year					(22,249)			(27,999)
Net current assets					119,255			85,919
Total assets less current liabilities					119,335			86,188
Provisions for liabilities					(56)			(38)
Net assets					119,279			86,150
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					119,278			86,149
Shareholders' funds					119,279			86,150

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 22 June 2017

.........................................
Mr S Costello
Chairman

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Moonworks IT Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed asstes so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic liffe as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Straight Line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		757			757
At 30 November 2016		757			757
Depreciation
At 1 December 2015		488			488
Charge for the year		189			189
At 30 November 2016		677			677
Net book value
At 30 November 2016		80			80
At 30 November 2015		269			269

Page 2

Moonworks IT Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3