Moeson Corporation Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08813288 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Moeson Corporation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs A G Golland (nee Gallop)

C R Golland

REGISTERED OFFICE:

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

REGISTERED NUMBER:

08813288 (England and Wales)

ACCOUNTANTS:

Stuart Harris Associates

Chartered Certified Accountants

and Statutory Auditors

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

FIXED ASSETS

Tangible assets

4

437

-

CURRENT ASSETS

Debtors

5

244

19,434

Cash at bank

31,436

8,877

31,680

28,311

CREDITORS

Amounts falling due within one year

6

32,030

27,446

NET CURRENT (LIABILITIES)/ASSETS

(350

)

865

TOTAL ASSETS LESS CURRENT LIABILITIES

87

865

PROVISIONS FOR LIABILITIES

83

-

NET ASSETS

4

865

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2

863

SHAREHOLDERS' FUNDS

4

865

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 23 April 2018 and were signed on its behalf by:

C R Golland - Director

Mrs A G Golland (nee Gallop) - Director

1.	STATUTORY INFORMATION

Moeson Corporation Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,500

Additions

656

At 31 March 2018

2,156

DEPRECIATION

At 1 April 2017

1,500

Charge for year

219

At 31 March 2018

1,719

NET BOOK VALUE

At 31 March 2018

437

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

244

3,743

Other debtors

-

15,691

244

19,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

26,407

25,250

Other creditors

5,623

2,196

32,030

27,446

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

£

C R Golland and Mrs A G Golland (nee Gallop)

Balance outstanding at start of year

15,691

-

Amounts advanced

-

15,691

Amounts repaid

(15,691

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,691

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,800 (2017 - £30,000) were paid to the directors .

At the year-end, the company owes the directors £3,427.

9.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors, Mr and Mrs C R Golland, who own 100% of the issued share

capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report

of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Stuart Harris Associates

Chartered Certified Accountants

and Statutory Auditors

Woodside House

22 Guildown Avenue

Woodside Park

London

N12 7DQ

23 April 2018