Moixa Energy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05608754 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Moixa Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

-

1,468

Debtors

5

2,552

1,163

Cash at bank

449

7,366

3,001

9,997

CREDITORS

Amounts falling due within one year

6

2,510

24,381

NET CURRENT ASSETS/(LIABILITIES)

491

(14,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

491

(14,384

)

CREDITORS

Amounts falling due after more than one year

7

-

659,224

NET ASSETS/(LIABILITIES)

491

(673,608

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

391

(673,708

)

SHAREHOLDERS' FUNDS

491

(673,608

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 November 2018 and were signed on its behalf by:

Mr S Daniel - Director

1.	STATUTORY INFORMATION

Moixa Energy Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

48,131

5,236

8,851

62,218

Disposals

(48,131

)

(5,236

)

(8,851

)

(62,218

)

At 31 March 2018

-

-

-

-

DEPRECIATION

At 1 April 2017

48,131

5,236

8,851

62,218

Eliminated on disposal

(48,131

)

(5,236

)

(8,851

)

(62,218

)

At 31 March 2018

-

-

-

-

NET BOOK VALUE

At 31 March 2018

-

-

-

-

At 31 March 2017

-

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

2,432

699

Other debtors

120

464

2,552

1,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

-

17,981

Trade creditors

1,572

5,341

Taxation and social security

-

116

Other creditors

938

943

2,510

24,381

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed to group undertakings

-

659,124

Other creditors

-

100

-

659,224

During the year ended 31 March 2018, amounts owed to group undertakings of £nil (2017: £659,124) owed to

the company's parent company Moixa Energy Holdings Limited were written off by resolution of the board.

8.	REGISTRATION OF CHARGE

The group entered into a loan facility agreement with The Greater Manchester Combined Authority, relating to a

term loan of up to £1,000,000. The loan is interest bearing at 7% above the EU Reference Rate and contains

fixed and floating charges on the assets of the group. In the year, the group drew down £375,000 (2017: £nil).