Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 14186998 Mr Michael Halliwell Mr Steven Garvey Mrs Charlotte Garvey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14186998 2022-10-31 14186998 2023-10-31 14186998 2022-11-01 2023-10-31 14186998 frs-core:CurrentFinancialInstruments 2023-10-31 14186998 frs-core:BetweenOneFiveYears 2023-10-31 14186998 frs-core:ComputerEquipment 2023-10-31 14186998 frs-core:ComputerEquipment 2022-11-01 2023-10-31 14186998 frs-core:ComputerEquipment 2022-10-31 14186998 frs-core:FurnitureFittings 2023-10-31 14186998 frs-core:FurnitureFittings 2022-11-01 2023-10-31 14186998 frs-core:FurnitureFittings 2022-10-31 14186998 frs-core:WithinOneYear 2023-10-31 14186998 frs-core:ShareCapital 2023-10-31 14186998 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14186998 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 14186998 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 14186998 frs-bus:SmallEntities 2022-11-01 2023-10-31 14186998 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 14186998 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 14186998 frs-bus:Director1 2022-11-01 2023-10-31 14186998 frs-bus:Director2 2022-11-01 2023-10-31 14186998 frs-bus:Director3 2022-11-01 2023-10-31 14186998 frs-countries:EnglandWales 2022-11-01 2023-10-31 14186998 2021-10-31 14186998 2022-10-31 14186998 2021-11-01 2022-10-31 14186998 frs-core:CurrentFinancialInstruments 2022-10-31 14186998 frs-core:BetweenOneFiveYears 2022-10-31 14186998 frs-core:WithinOneYear 2022-10-31 14186998 frs-core:ShareCapital 2022-10-31 14186998 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 14186998
The Money Advice Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14186998
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,609 -
6,609 -
CURRENT ASSETS
Debtors 5 13,214 -
Cash at bank and in hand 1,810 400
15,024 400
Creditors: Amounts Falling Due Within One Year 6 (153,378 ) -
NET CURRENT ASSETS (LIABILITIES) (138,354 ) 400
TOTAL ASSETS LESS CURRENT LIABILITIES (131,745 ) 400
NET (LIABILITIES)/ASSETS (131,745 ) 400
CAPITAL AND RESERVES
Called up share capital 7 400 400
Profit and Loss Account (132,145 ) -
SHAREHOLDERS' FUNDS (131,745) 400
Page 1
Page 2
For the year ending 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Charlotte Garvey
Director
11 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Money Advice Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14186998 . The registered office is Suite 1 Egerton House, Wilmslow Road, Manchester, M20 2DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 3 Years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: )
4 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 - - -
Additions 3,705 5,571 9,276
As at 31 October 2023 3,705 5,571 9,276
Depreciation
As at 1 November 2022 - - -
Provided during the period 849 1,818 2,667
As at 31 October 2023 849 1,818 2,667
Net Book Value
As at 31 October 2023 2,856 3,753 6,609
As at 1 November 2022 - - -
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 13,214 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 147,148 -
Taxation and social security 6,230 -
153,378 -
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 400 400
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 55,014 -
Later than one year and not later than five years 161,726 -
216,740 -
Page 4