Mad About Money Limited Filleted Accounts Cover
Mad About Money Limited
Company No. 14440978
Information for Filing with The Registrar
31 October 2023
Mad About Money Limited Directors Report Registrar
The Director presents her report and the accounts for the period ended 31 October 2023.
Principal activities
The principal activity of the company during the period under review was Advertising Agency.
Director
The Director who served at any time during the period was as follows:
M.L. Alexander-Grout
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.L. Alexander-Grout
Director
25 February 2024
Mad About Money Limited Balance Sheet Registrar
at
31 October 2023
Company No.
14440978
Notes
2023
£
Fixed assets
Intangible assets
4
376
Tangible assets
5
418
794
Current assets
Debtors
6
41
Cash at bank and in hand
2,045
2,086
Creditors: Amount falling due within one year
7
(1,000)
Net current assets
1,086
Total assets less current liabilities
1,880
Provisions for liabilities
Deferred taxation
(81)
Net assets
1,799
Capital and reserves
Called up share capital
1
Share premium account
8
20,000
Profit and loss account
8
(18,202)
Total equity
1,799
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 February 2024 and signed on its behalf by:
M.L. Alexander-Grout
Director
25 February 2024
Mad About Money Limited Notes to the Accounts Registrar
for the period ended 31 October 2023
1
General information
Mad About Money Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14440978
Its registered office is:
15 Bracken Lane
Southampton
Hampshire
SO16 6BA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• 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 economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
1
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
Additions
470470
At 31 October 2023
470470
Amortisation and impairment
Charge for the year
9494
At 31 October 2023
9494
Net book values
At 31 October 2023
376376
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
557557
At 31 October 2023
557557
Depreciation
Charge for the year
139139
At 31 October 2023
139139
Net book values
At 31 October 2023
418418
6
Debtors
2023
£
Prepayments and accrued income
41
41
7
Creditors:
amounts falling due within one year
2023
£
Other loans
1,000
1,000
8
Reserves
SEIS Funding received treated as Advance Subscription Funds
Profit and loss account - includes all current and prior period retained profits and losses.
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