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REGISTERED NUMBER: 06757678 (England and Wales)















TUTO MONEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






TUTO MONEY LIMITED (REGISTERED NUMBER: 06757678)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


TUTO MONEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs S C Bascombe
Mr K D Bascombe





REGISTERED OFFICE: Orion House
14 Barn Hill
Stamford
Lincolnshire
PE9 2AE





REGISTERED NUMBER: 06757678 (England and Wales)

TUTO MONEY LIMITED (REGISTERED NUMBER: 06757678)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,341 4,069

CURRENT ASSETS
Debtors 5 957,007 864,996
Cash in hand 156,872 235,970
1,113,879 1,100,966
CREDITORS
Amounts falling due within one year 6 352,612 308,512
NET CURRENT ASSETS 761,267 792,454
TOTAL ASSETS LESS CURRENT LIABILITIES 765,608 796,523

CREDITORS
Amounts falling due after more than one year 7 627,925 557,136
NET ASSETS 137,683 239,387

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Retained earnings 132,683 234,387
SHAREHOLDERS' FUNDS 137,683 239,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mrs S C Bascombe - Director


TUTO MONEY LIMITED (REGISTERED NUMBER: 06757678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Tuto Money Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TUTO MONEY LIMITED (REGISTERED NUMBER: 06757678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 16,292
Additions 1,584
At 30 November 2023 17,876
DEPRECIATION
At 1 December 2022 12,223
Charge for year 1,312
At 30 November 2023 13,535
NET BOOK VALUE
At 30 November 2023 4,341
At 30 November 2022 4,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 390,948 343,227
Other debtors 493,111 482,274
Directors' current accounts - 12
Prepayments and accrued income 72,948 39,483
957,007 864,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,649 9,167
Trade creditors 14,372 19,706
Taxation - 178
Other taxes and social security 11,715 9,699
Other creditors 15,314 11,030
Directors' current accounts 472 -
Accruals and deferred income 300,090 258,732
352,612 308,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 15,137 20,000
Bank loans - 2-5 years - 5,000
Bank loans more 5 yr by instal 129,852 147,140
Other creditors 482,936 384,996
627,925 557,136

TUTO MONEY LIMITED (REGISTERED NUMBER: 06757678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 129,852 147,140

8. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

2023 2022
£ £
Within one year 5,660 7,431
Between one and five years - 5,660
5,660 13,091


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary 1 5,000 5,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs S C Bascombe
Balance outstanding at start of year 13 (1,641 )
Amounts advanced - 7,217
Amounts repaid - (5,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13

11. RELATED PARTY DISCLOSURES

At the year end £472 (2022 - (£13)) was due to the directors from the company and £13 was due to the company from the directors in the previous year. The loan is an interest free loan.