Moondust BDZ Limited - Period Ending 2022-03-31

Moondust BDZ Limited

Contents

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

Moondust BDZ Limited

Company Information

Directors

J G W Grafton S D Clarke

Registered office

Courtyard House 26 Oakfield Road Bristol BS8 2AT

Registered number

12709559

Accountants

Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

Moondust BDZ Limited

(Registration number: 12709559)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Fixed assets
Intangible assets	4	614,994	-
Current assets
Work in progress		-	332,000
Debtors	5	6,046	18,000
Cash at bank and in hand		51,424	41,520
		57,470	391,520
Creditors: Amounts falling due within one year	6	(706,097)	(409,200)
Net current liabilities		(648,627)	(17,680)
Net liabilities		(33,633)	(17,680)
Capital and reserves
Called up share capital		900	900
Profit and loss account		(34,533)	(18,580)
Total equity		(33,633)	(17,680)

Moondust BDZ Limited

(Registration number: 12709559)
Balance Sheet as at 31 March 2022

For the financial period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 for issue by the Board on 18 July 2022 and signed on its behalf by:
 

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

J G W Grafton
Director

Moondust BDZ Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 March 2022

1	Statutory information

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

The address of its registered office is:
Courtyard House
26 Oakfield Road
Bristol
BS8 2AT

2	Accounting policies

Summary of significant accounting policies

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.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The holding company has indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts.

Disclosure of long or short period

These financial statements have been prepared for the shorter period from 1 August 2021 to the 31 March 2022, to align with the parent company. The prior year financial statements were prepared for a longer period from incorporation to 31 July 2021, so are not directly comparable.

Moondust BDZ Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 March 2022

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Intangible fixed assets

Intangible assets represent the cost of developing the internally generated software, which the company intends to licence in the future to generate future economic inflows. Amortisation will be charged once the software is in use based on the estimated useful life of the asset.

Cash and cash equivalents

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

Work in progress

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sale; the impairment loss is recognised immediately in profit or loss.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2021 - 0).

Moondust BDZ Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 March 2022

4	Intangible fixed assets

	Internally generated software development costs  £
Cost
Additions acquired separately	282,994
Acquired through business combinations	332,000
At 31 March 2022	614,994
Amortisation
Carrying amount
At 31 March 2022	614,994
At 31 July 2021	-

5	Debtors: amounts falling due within one year

	2022 £	2021 £
VAT	6,046	18,000
	6,046	18,000

6

Creditors

	Note	2022 £	2021 £
Amounts falling due within one year
Amounts owed to group undertakings	8	703,994	407,100
Accruals		2,103	2,100
		706,097	409,200

Moondust BDZ Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2021 to 31 March 2022

7	Share capital

Allotted, called up and fully paid shares

	2022		2021
	No.	£	No.	£
Ordinary shares of £1 each	900	900	900	900

In the prior period, 900 Ordinary shares having an aggregate nominal value of £1 were issued on incorporation for an aggregate consideration of £900.

8	Related party transactions

The company has taken advantage of the exemption available under FRS 102 Section 1A to not disclose transactions with wholly-owned group members.

9	Parent and ultimate parent undertaking

The company's immediate parent is Moonraker VFX Limited, incorporated in England and Wales.