Registered number
08135687
Money Matters Limited
Filleted Accounts
31 December 2022
Money Matters Limited
Registered number: 08135687
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Current assets
Stocks 7,500 -
Debtors 3 84,101 78,870
Cash at bank and in hand 55 1
91,656 78,871
Creditors: amounts falling due within one year 4 (29,208) (16,695)
Net current assets 62,448 62,176
Total assets less current liabilities 62,448 62,176
Creditors: amounts falling due after more than one year 5 (47,006) (50,000)
Net assets 15,442 12,176
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,441 12,175
Shareholder's funds 15,442 12,176
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Murray
Director
Approved by the board on 24 September 2023
Money Matters Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2022 2021
£ £
Trade debtors 48,500 48,500
Other debtors 35,601 30,370
84,101 78,870
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 10,073 215
Corporation tax 19,085 16,430
Other creditors 50 50
29,208 16,695
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 47,006 50,000
6 Related party transactions
There is an outstanding loan to the shareholder of £6,264 (2021 £5,830)
7 Other information
Money Matters Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Cobbold Court
Elverton Street
London
SW1P 2QG
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