Lune Limited - Period Ending 2018-11-30

Registration number: 06436094

Lune Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 30 November 2018

Lune Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Lune Limited

(Registration number: 06436094)
Balance Sheet
30 November 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	599	19
Current assets
Stocks	5	-	229
Debtors	6	9,558	11,630
Cash at bank and in hand		43,979	31,116
		53,537	42,975
Creditors: Amounts falling due within one year	7	(10,404)	(12,868)
Net current assets		43,133	30,107
Total assets less current liabilities		43,732	30,126
Provisions for liabilities		(4)	(4)
Net assets		43,728	30,122
Capital and reserves
Called up share capital		10	10
Profit and loss account		43,718	30,112
Total equity		43,728	30,122

The notes on pages 3 to 6 form an integral part of these financial statements.

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1

Lune Limited

(Registration number: 06436094)
Balance Sheet
30 November 2018

For the financial year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 February 2019
 

 

C A Lunn

Director

The notes on pages 3 to 6 form an integral part of these financial statements.

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2

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2018

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
The Clocktower
5 Farleigh court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

The principal place of business is:
20 Shannon Walk
Portishead
Bristol
BS20 7GU

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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3

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2018

Asset class	Depreciation method and rate
Equipment	33% per annum straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

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4

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2017	12,468	12,468
Additions	894	894
Disposals	(1,765)	(1,765)
At 30 November 2018	11,597	11,597
Depreciation
At 1 December 2017	12,449	12,449
Charge for the year	314	314
Eliminated on disposal	(1,765)	(1,765)
At 30 November 2018	10,998	10,998
Carrying amount
At 30 November 2018	599	599
At 30 November 2017	19	19

5

Stocks

	2018 £	2017 £
Other inventories	-	229

6

Debtors

	2018 £	2017 £
Trade debtors	9,558	11,214
Other debtors	-	416
Total current trade and other debtors	9,558	11,630

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5

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2018

7

Creditors

	Note	2018 £	2017 £
Due within one year
Trade creditors		500	1,103
Taxation and social security		6,793	5,976
Other creditors		3,111	5,789
		10,404	12,868

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6