1 January 2018 3.6.0 limited_company_frs_102_section_1a_v1_0_3 companies_house Software false true true true No description of principal activity true xbrli:pure xbrli:shares iso4217:GBP 07081024 2018-01-01 2018-12-31 07081024 2018-12-31 07081024 2017-12-31 07081024 core:WithinOneYear 2018-12-31 07081024 core:WithinOneYear 2017-12-31 07081024 core:AfterOneYear 2017-12-31 07081024 core:ShareCapital 2018-12-31 07081024 core:ShareCapital 2017-12-31 07081024 core:RetainedEarningsAccumulatedLosses 2018-12-31 07081024 core:RetainedEarningsAccumulatedLosses 2017-12-31 07081024 bus:Director1 2018-01-01 2018-12-31 07081024 bus:RegisteredOffice 2018-01-01 2018-12-31 07081024 core:OtherResidualIntangibleAssets 2018-01-01 2018-12-31 07081024 core:PlantMachinery 2018-01-01 2018-12-31 07081024 2017-01-01 2017-12-31 07081024 core:IntangibleAssetsOtherThanGoodwill 2018-12-31 07081024 core:IntangibleAssetsOtherThanGoodwill 2017-12-31 07081024 core:PlantMachinery 2018-01-01 07081024 core:PlantMachinery 2018-12-31 07081024 core:PlantMachinery 2017-12-31 07081024 1 2018-01-01 2018-12-31 07081024 countries:EnglandWales 2018-01-01 2018-12-31 07081024 bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 07081024 bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 07081024 bus:SmallEntities 2018-01-01 2018-12-31 07081024 bus:FullAccounts 2018-01-01 2018-12-31
Company registration number:
07081024
Mooji Media Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2018
Mooji Media Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Mooji Media Ltd
Year ended
31 December 2018
As described on the statement of financial position, the Board of Directors of
Mooji Media Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2018
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
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 from information and explanations supplied to us.
DK London Ltd
447
Staines Road West
Ashford
Middlesex
TW15 2AB
United Kingdom
Date:
8 May 2019
Mooji Media Ltd
Statement of Financial Position
31 December 2018
2018 2017
Note £ £
Fixed assets    
Intangible assets 5
761
 
761
 
Tangible assets 6
1,075
 
16,085
 
1,836
 
16,846
 
Current assets    
Stocks -  
40,826
 
Debtors 7
19,031
 
45,642
 
Cash at bank and in hand
222,419
 
547,643
 
241,450
 
634,111
 
Creditors: amounts falling due within one year 8
(187,609
)
(592,241
)
Net current assets
53,841
 
41,870
 
Total assets less current liabilities 55,677   58,716  
Creditors: amounts falling due after more than one year 9 -  
(3,039
)
Net assets
55,677
 
55,677
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
55,675
 
55,675
 
Shareholders funds
55,677
 
55,677
 
For the year ending
31 December 2018
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
8 May 2019
, and are signed on behalf of the board by:
Ms Rhonda Lee Johnson
Director
Company registration number:
07081024
Mooji Media Ltd
Notes to the Financial Statements
Year ended
31 December 2018

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
447
,
Staines Road West
,
Ashford
,
Middlesex
,
TW15 2AB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are measured at the fair value at the acquisition date.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
25% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2017:
5.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2018
and
31 December 2018
761
 
Amortisation  
At
1 January 2018
and
31 December 2018
-  
Carrying amount  
At
31 December 2018
761
 
At 31 December 2017
761
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2018
53,474
 
Additions
1,613
 
Disposals
(51,641
)
At
31 December 2018
3,446
 
Depreciation  
At
1 January 2018
37,389
 
Charge
612
 
Disposals
(35,630
)
At
31 December 2018
2,371
 
Carrying amount  
At
31 December 2018
1,075
 
At 31 December 2017
16,085
 

7 Debtors

2018 2017
£ £
Trade debtors
4,717
 
41,875
 
Other debtors
14,314
 
3,767
 
19,031
 
45,642
 

8 Creditors: amounts falling due within one year

2018 2017
£ £
Trade creditors
9,150
 
3,075
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
175,296
 
582,645
 
Taxation and social security
213
 
4,471
 
Other creditors
2,950
 
2,050
 
187,609
 
592,241
 

9 Creditors: amounts falling due after more than one year

2018 2017
£ £
Trade creditors -  
3,039