Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11698896 2022-12-01 2023-11-30 11698896 2021-12-01 2022-11-30 11698896 2023-11-30 11698896 2022-11-30 11698896 c:Director1 2022-12-01 2023-11-30 11698896 d:OfficeEquipment 2022-12-01 2023-11-30 11698896 d:OfficeEquipment 2023-11-30 11698896 d:OfficeEquipment 2022-11-30 11698896 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11698896 d:Goodwill 2022-12-01 2023-11-30 11698896 d:Goodwill 2023-11-30 11698896 d:Goodwill 2022-11-30 11698896 d:CurrentFinancialInstruments 2023-11-30 11698896 d:CurrentFinancialInstruments 2022-11-30 11698896 d:Non-currentFinancialInstruments 2023-11-30 11698896 d:Non-currentFinancialInstruments 2022-11-30 11698896 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11698896 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11698896 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11698896 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11698896 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11698896 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11698896 d:ShareCapital 2023-11-30 11698896 d:ShareCapital 2022-11-30 11698896 d:RetainedEarningsAccumulatedLosses 2023-11-30 11698896 d:RetainedEarningsAccumulatedLosses 2022-11-30 11698896 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 11698896 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 11698896 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11698896 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11698896 c:FRS102 2022-12-01 2023-11-30 11698896 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11698896 c:FullAccounts 2022-12-01 2023-11-30 11698896 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11698896 d:Goodwill d:OwnedIntangibleAssets 2022-12-01 2023-11-30 11698896 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 11698896














MORE THAN MONEY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
MORE THAN MONEY LIMITED
REGISTERED NUMBER:11698896

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022

FIXED ASSETS
  

Intangible assets
 4 
61,250
65,000

Tangible assets
 5 
2,912
2,708

  
64,162
67,708

CURRENT ASSETS
  

Stocks
  
90,844
89,847

Debtors: amounts falling due within one year
 6 
-
2,216

Cash at bank and in hand
 7 
6,086
42

  
96,930
92,105

Creditors: amounts falling due within one year
 8 
(128,553)
(152,755)

NET CURRENT LIABILITIES
  
 
 
(31,623)
 
 
(60,650)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
32,539
7,058

Creditors: amounts falling due after more than one year
 9 
(31,036)
(6,749)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 12 
(553)
-

NET ASSETS
  
£950
£309


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
850
209

  
£950
£309


Page 1

 
MORE THAN MONEY LIMITED
REGISTERED NUMBER:11698896

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider 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 directors acknowledge their 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 August 2024.




___________________________
Mr A L Stevens
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MORE THAN MONEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

More Than Money Limited is a private company, limited by shares, incorporated in England and Wales. The registered company number is 11698896.  The registered office address of the company is 33 Greenside, High Halden, Ashford, Kent, TN26 3LT.

2.Accounting policies

 
2.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MORE THAN MONEY LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
MORE THAN MONEY LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%

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.

 
2.9

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 balance sheet 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
MORE THAN MONEY LIMITED
 

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

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Intangible assets




Goodwill



Cost


At 1 December 2022
75,000



At 30 November 2023

75,000



Amortisation


At 1 December 2022
10,000


Charge for the year on owned assets
3,750



At 30 November 2023

13,750



Net book value



At 30 November 2023
£61,250



At 30 November 2022
£65,000



Page 6

 
MORE THAN MONEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Office equipment



Cost or valuation


At 1 December 2022
4,014


Additions
1,185



At 30 November 2023

5,199



Depreciation


At 1 December 2022
1,306


Charge for the year on owned assets
981



At 30 November 2023

2,287



Net book value



At 30 November 2023
£2,912



At 30 November 2022
£2,708

Page 7

 
MORE THAN MONEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022


Other debtors
£-
£2,216



7.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
6,086
42

Less: bank overdrafts
-
(4,856)

£6,086
£(4,814)



8.


Creditors: Amounts falling due within one year

2023
2022

Bank overdrafts
-
4,856

Bank loans
2,699
14,606

Other loans
54,000
-

Corporation tax
10,502
16,251

Other taxation and social security
357
1,418

Other creditors
48,864
111,597

Accruals and deferred income
12,131
4,027

£128,553
£152,755


The following liabilities were secured:

2023
2022



Other loans
54,000
-

Details of security provided:

The loan is secured by way of a fixed and floating charge over the assets of the company.

Page 8

 
MORE THAN MONEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
4,036
6,749

Other loans
27,000
-

£31,036
£6,749


The following liabilities were secured:

2023
2022



Other loans
27,000
-

Details of security provided:

The loan is secured by way of a fixed and floating charge over the assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
2,699
14,606

Other loans
54,000
-


56,699
14,606

Amounts falling due 1-2 years

Bank loans
4,035
6,749

Other loans
27,000
-


31,035
6,749



£87,734
£21,355


Page 9

 
MORE THAN MONEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Financial instruments

2023
2022

Financial assets


Financial assets measured at fair value through profit or loss
£6,086
£42




Financial assets measured at fair value through profit or loss comprise bank and cash balances.


12.


Deferred taxation




2023





Charged to profit or loss
553



At end of year
£553

The deferred taxation balance is made up as follows:

2023
2022


Accelerated capital allowances
£553
£-


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,091 (2022 - £854). Contributions totalling £110 (2022 - £167) were payable to the fund at the balance sheet date and are included in creditors.


Page 10