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Unaudited Financial Statements for the Year Ended 30 September 2023

for

Moneymaximiser Ltd

Moneymaximiser Ltd (Registered number: 06706021)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Moneymaximiser Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M J Bower
Mrs D W Bower
Ms H A Bower





SECRETARY: M J Bower





REGISTERED OFFICE: Suite 8
Market House
19 - 21 Market Place
Wokingham
Berkshire
RG40 1AP





REGISTERED NUMBER: 06706021 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Moneymaximiser Ltd (Registered number: 06706021)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57 200
57 200

CURRENT ASSETS
Stocks 6 29,269 33,499
Debtors 7 6,874 6,469
Cash at bank 51,156 46,980
87,299 86,948
CREDITORS
Amounts falling due within one year 8 33,034 45,581
NET CURRENT ASSETS 54,265 41,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,322

41,567

CREDITORS
Amounts falling due after more than one year 9 (142,800 ) (161,400 )

PROVISIONS FOR LIABILITIES 10 (1,028 ) (1,229 )
NET LIABILITIES (89,506 ) (121,062 )

CAPITAL AND RESERVES
Called up share capital 11 240 240
Retained earnings 12 (89,746 ) (121,302 )
SHAREHOLDERS' FUNDS (89,506 ) (121,062 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 January 2024 and were signed on its behalf by:



M J Bower - Director


Moneymaximiser Ltd (Registered number: 06706021)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Moneymaximiser 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 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.

The presentation currency used in the accounts is £ sterling.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for irrecoverable items.

Cost is calculated using the first-in, first-out method.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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 9 (2022 - 10 ) .

Moneymaximiser Ltd (Registered number: 06706021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 4,500
Disposals (4,500 )
At 30 September 2023 -
AMORTISATION
At 1 October 2022 4,500
Eliminated on disposal (4,500 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures Office &
and sundry
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 1,853 13,037 14,890
DEPRECIATION
At 1 October 2022 1,826 12,864 14,690
Charge for year 27 116 143
At 30 September 2023 1,853 12,980 14,833
NET BOOK VALUE
At 30 September 2023 - 57 57
At 30 September 2022 27 173 200

6. STOCKS
30.9.23 30.9.22
£    £   
Work-in-progress 29,214 33,444
Stock 55 55
29,269 33,499

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors - 735
Prepayments 6,874 5,734
6,874 6,469

Moneymaximiser Ltd (Registered number: 06706021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 9,600 9,600
Social security and other taxes 3,237 4,317
VAT 3,031 2,269
Other creditors 2,329 5,160
Directors' current accounts - 10,152
Accrued expenses 14,837 14,083
33,034 45,581

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 9,600 9,600
Bank loans - 2-5 years 7,200 16,800
Subordinated loan agreement 126,000 135,000
142,800 161,400

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 1,028 1,229

Deferred
tax
£   
Balance at 1 October 2022 1,229
Provided during year (201 )
Deferred tax
Balance at 30 September 2023 1,028

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
240 ordinary £1 240 240

12. RESERVES
Retained
earnings
£   

At 1 October 2022 (121,302 )
Profit for the year 31,556
At 30 September 2023 (89,746 )

13. RELATED PARTY DISCLOSURES

Subordinated loan account

The opening balance at the beginning of the year, which was owed to the director, Mr MJ Bower, by the company was £135,000. During the year a further loan of £15,000 was made by the director and £34,000 was repaid to the director.The balance at the balance sheet date was £116,000.

Moneymaximiser Ltd (Registered number: 06706021)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Bower and Mrs D W Bower.