Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falseactivities auxiliary to financial intermediation not elsewhere classified42falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13269972 2022-09-01 2023-08-31 13269972 2021-03-16 2022-08-31 13269972 2023-08-31 13269972 2022-08-31 13269972 c:Director1 2022-09-01 2023-08-31 13269972 d:OfficeEquipment 2022-09-01 2023-08-31 13269972 d:OfficeEquipment 2023-08-31 13269972 d:OfficeEquipment 2022-08-31 13269972 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13269972 d:CurrentFinancialInstruments 2023-08-31 13269972 d:CurrentFinancialInstruments 2022-08-31 13269972 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13269972 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13269972 d:ShareCapital 2023-08-31 13269972 d:ShareCapital 2022-08-31 13269972 d:SharePremium 2023-08-31 13269972 d:SharePremium 2022-08-31 13269972 d:RetainedEarningsAccumulatedLosses 2023-08-31 13269972 d:RetainedEarningsAccumulatedLosses 2022-08-31 13269972 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 13269972 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 13269972 c:OrdinaryShareClass1 2022-09-01 2023-08-31 13269972 c:OrdinaryShareClass1 2023-08-31 13269972 c:OrdinaryShareClass1 2022-08-31 13269972 c:FRS102 2022-09-01 2023-08-31 13269972 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13269972 c:FullAccounts 2022-09-01 2023-08-31 13269972 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13269972










MONEY MEANS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
MONEY MEANS LIMITED
REGISTERED NUMBER: 13269972

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
461
909

  
461
909

Current assets
  

Stocks
  
2,300
-

Debtors: amounts falling due within one year
 5 
6,388
37,473

Cash at bank and in hand
  
36,888
10,056

  
45,576
47,529

Creditors: amounts falling due within one year
 6 
(14,203)
(12,487)

Net current assets
  
 
 
31,373
 
 
35,042

Total assets less current liabilities
  
31,834
35,951

Provisions for liabilities
  

Deferred tax
  
-
(173)

  
 
 
-
 
 
(173)

Net assets
  
31,834
35,778


Capital and reserves
  

Called up share capital 
  
1,348
1,100

Share premium account
  
504,607
169,855

Profit and loss account
  
(474,121)
(135,177)

  
31,834
35,778


Page 1

 
MONEY MEANS LIMITED
REGISTERED NUMBER: 13269972
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 October 2023.




H E Wardle
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in .



The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

 
1.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

 
1.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 5

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 13269972
Its Registered Office is:
Suite B Gloverside
23-25 Bury Mead Road
Hitchin
Hertfordshire
SG5 1RT


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2022
1,357



At 31 August 2023

1,357



Depreciation


At 1 September 2022
448


Charge for the year on owned assets
448



At 31 August 2023

896



Net book value



At 31 August 2023
461



At 31 August 2022
909

Page 6

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Other debtors
6,388
37,473

6,388
37,473



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
1,689
545

Other creditors
12,514
11,942

14,203
12,487


Page 7

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Deferred taxation




2023


£






At beginning of year
(173)


Utilised in year
173



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(173)

-
(173)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,348,047 (2022 - 1,100,000) Ordinary shares of £0.001 each
1,348.047
1,100.000


During the period 248,047 ordinary shares with a nominal value of £0.001 were issued for a total consideration of £335,000.

 
Page 8