Lune Limited - Period Ending 2019-11-30

Registration number: 06436094

Lune Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 30 November 2019

Burton Sweet
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Lune Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 7

Lune Limited

Company Information

Director

C A Lunn

Company secretary

Burton Sweet Company Secretarial Ltd

Registered office

The Clocktower 5 Farleigh court Old Weston Road Flax Bourton Bristol BS48 1UR

Accountants

Burton Sweet Chartered Accountants and Business Advisers Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

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1

Lune Limited

(Registration number: 06436094)
Balance Sheet
30 November 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	304	599
Current assets
Debtors	6	10,275	9,558
Cash at bank and in hand		58,698	43,979
		68,973	53,537
Creditors: Amounts falling due within one year	7	(9,049)	(10,404)
Net current assets		59,924	43,133
Total assets less current liabilities		60,228	43,732
Provisions for liabilities		-	(4)
Net assets		60,228	43,728
Capital and reserves
Called up share capital		10	10
Profit and loss account		60,218	43,718
Total equity		60,228	43,728

The notes on pages 4 to 7 form an integral part of these financial statements.

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2

Lune Limited

(Registration number: 06436094)
Balance Sheet
30 November 2019

For the financial year ending 30 November 2019 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 6 March 2020
 

.........................................

C A Lunn
Director

The notes on pages 4 to 7 form an integral part of these financial statements.

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3

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2019

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.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current tax and is recognised in profit or loss.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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4

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2019

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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:

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

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.

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 (2018 - 1).

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5

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2019

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 December 2018	11,597	11,597
At 30 November 2019	11,597	11,597
Depreciation
At 1 December 2018	10,998	10,998
Charge for the year	295	295
At 30 November 2019	11,293	11,293
Carrying amount
At 30 November 2019	304	304
At 30 November 2018	599	599

5

Stocks

2019 £

2018 £

6

Debtors

	2019 £	2018 £
Trade debtors	10,275	9,558
	10,275	9,558

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6

Lune Limited

Notes to the Financial Statements
Year Ended 30 November 2019

7

Creditors

Creditors: amounts falling due within one year

	Note	2019 £	2018 £
Due within one year
Trade creditors		788	500
Taxation and social security		7,255	6,793
Other creditors		1,006	3,111
		9,049	10,404

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7