MONEYTRANS UK LIMITED
Registered number: 03245749
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,811 2,056
Current assets
Debtors 4 14,536 14,707
Cash at bank and in hand 337 1,021
14,873 15,728
Creditors: amounts falling due within one year 5 (184,368) (169,813)
Net Current assets (liabilities) (169,495) (154,085)
Total assets (167,684) (152,029)
Capital and reserves
Called up share capital 2 2
Profit and loss account (167,686) (152,031)
Shareholders' funds (167,684) (152,029)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Francisco Sanchez Apellaniz Meinesz
Director
Approved by the board on 15 January 2024
MONEYTRANS UK LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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 foreign exchange services provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years 25% Reducing Bal
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 33,412
At 31 December 2023 33,412
Depreciation
At 1 January 2023 31,356
Charge for the year 245
At 31 December 2023 31,601
Net book value
At 31 December 2023 1,811
At 31 December 2022 2,056
4 Debtors 2023 2022
£ £
Pending Remittance 14,536 14,707
5 Creditors: amounts falling due within one year 2023 2022
£ £
Head Office Account 184,368 169,813
6 Other information
MONEYTRANS UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Andertons
179 Torridon Road
London
England
SE6 1RG
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