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REGISTERED NUMBER: 03508395 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MONEYINFO LIMITED

MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Chairman's Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


MONEYINFO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Cons
T Coombes
S Sangha
T J Williams
C N Coombes
P Hollingdale





REGISTERED OFFICE: Forward House
17 High Street
Henley-in-Arden
Warwickshire
B95 5AA





REGISTERED NUMBER: 03508395 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023


moneyinfo is a Software as a Service (SaaS) business delivering branded client portals and apps to financial advisers and wealth management firms. moneyinfo complements and integrates with the firm's existing technologies. With links to all the key practice management systems, firms benefit from a digital service channel without major upheaval to their existing systems. This is ideal for consolidators as they can run multiple back-office technologies whilst delivering a consistent client experience. We make going digital easy and enable firms to automate their everyday processes such as client onboarding and reviews.

The business has developed three key markets in financial planning, wealth management and more recently, a new channel with platforms and providers delivering integrations that add value to their distribution. We focus on driving practical everyday use of digital technology, identifying efficiencies in existing processes whilst supporting the high-touch and complex personal client relationships which are key to the sector, all supported by an outstanding client support and adoption team.

It's been a strong year for growth with sales of £2.862m, up from £2.395m in 2022 with recurring revenue, monthly licence fees representing £2.33m (81%) of our revenue. We have increased our profits from £172k to £308k (up 80%) in the year, which we put down to living our values of being bold, trusted and together.

We are excited about the future, seeing enormous potential to use Artificial Intelligence (AI) alongside our digital client engagement to increase advisers' efficiency and make their lives easier. Digital transformation and use of AI is just starting to make an impact on financial services and there is an almost endless opportunity to reduce cost and increase client engagement.

We focus on three things - making ourselves feel great, making our clients feel great and delivering on our promises. We have a great team of people who deliver an exceptional service to our clients. A big thank you to all our staff for their commitment, support, hard work and enthusiasm, and to our shareholders who have shown their confidence and belief in moneyinfo.

Tom Williams

MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,866 17,684

CURRENT ASSETS
Debtors 5 260,353 222,969
Cash at bank 832,914 680,155
1,093,267 903,124
CREDITORS
Amounts falling due within one year 6 361,416 281,499
NET CURRENT ASSETS 731,851 621,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,717

639,309

CAPITAL AND RESERVES
Called up and paid share capital 163,031 163,031
Share premium 99,381 99,381
Capital redemption reserve 6,010 6,010
Retained earnings 479,295 370,887
747,717 639,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





M J Cons - Director


MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Moneyinfo 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.


MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

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.

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 29 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 80,047
Additions 8,967
At 31 December 2023 89,014
DEPRECIATION
At 1 January 2023 62,363
Charge for year 10,785
At 31 December 2023 73,148
NET BOOK VALUE
At 31 December 2023 15,866
At 31 December 2022 17,684

MONEYINFO LIMITED (REGISTERED NUMBER: 03508395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 218,615 193,248
Other debtors 41,738 29,721
260,353 222,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 106,334 41,967
Taxation and social security 177,785 129,804
Other creditors 77,297 109,728
361,416 281,499