MOONS TOY SUPERSTORE LIMITED - Accounts

MOONS TOY SUPERSTORE LIMITED - Accounts

MOONS TOY SUPERSTORE LIMITED - Company Information

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Registered Number : 06428736
England and Wales

 

 

 

MOONS TOY SUPERSTORE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2017

End date: 28 February 2018

MOONS TOY SUPERSTORE LIMITED
Contents Page
For the year ended 28 February 2018
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Intangible fixed assets 2 23,333    27,999 
Tangible fixed assets 3 10,714    15,060 
34,046    43,059 
Current assets      
Stocks 225,400    178,850 
Debtors 12,740    2,948 
Cash at bank and in hand 34,440    36,451 
272,579    218,248 
Creditors: amount falling due within one year (227,325)   (217,561)
Net current assets 45,255    687 
 
Total assets less current liabilities 79,301    43,746 
Net assets 79,301    43,746 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 79,201    43,646 
Shareholders funds 79,301    43,746 
 


For the year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
A H PAREKH
Director

Date approved by the board: 30 November 2018
1
General Information
MOONS TOY SUPERSTORE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06428736,registration address 47 HIGH STREET,BARNET HERTS,,EN5 5UW.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Straight Line
Fixtures and Fittings 25% Straight Line
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 March 2017 70,000    70,000 
Additions -    - 
Disposals -    - 
At 28 February 2018 70,000    70,000 
Amortisation
At 01 March 2017 42,001    42,001 
Charge for year 4,667    4,667 
On disposals -    - 
At 28 February 2018 46,667    46,667 
Net book values
At 28 February 2018 23,333    23,333 
At 28 February 2017 27,999    27,999 


3.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2017 1,600    99,418    7,145    108,163 
Additions -    -    1,812    1,812 
Disposals -    -    -    - 
At 28 February 2018 1,600    99,418    8,957    109,976 
Depreciation
At 01 March 2017 700    86,272    6,131    93,104 
Charge for year 225    4,643    1,290    6,158 
On disposals -    -    -    - 
At 28 February 2018 925    90,915    7,422    99,262 
Net book values
Closing balance as at 28 February 2018 675    8,503    1,536    10,714 
Opening balance as at 01 March 2017 900    13,146    1,014    15,060 


4.

Share Capital

Allotted
2018
£		   2017
£
100 ordinary shares of £1.00 each 100    100 
100    100 

2