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Registration number: 08718829

HelpTheMove Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

HelpTheMove Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 12

 

HelpTheMove Limited

Company Information

Directors

Mr Stephen Henesy

Mrs Rachel Lynne Braddick

Mr Jonathan Steele

Company secretary

Mr Stephen Henesy

Registered office

Helpthemove
5 The Parsonage Garden
Manchester
M3 2HS

Accountants

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

 

HelpTheMove Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Stephen Henesy - Company secretary and director

Mrs Rachel Lynne Braddick (appointed 5 April 2023)

Mr Jonathan Steele (appointed 9 March 2023)

Principal activity

The principal activity of the company is helping tenants change energy providers.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
Mr Jonathan Steele
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
HelpTheMove Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HelpTheMove Limited for the year ended 31 December 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of HelpTheMove Limited, as a body, in accordance with the terms of our engagement letter dated 12 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of HelpTheMove Limited and state those matters that we have agreed to state to the Board of Directors of HelpTheMove Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HelpTheMove Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that HelpTheMove Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HelpTheMove Limited. You consider that HelpTheMove Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of HelpTheMove Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

26 September 2024

 

HelpTheMove Limited

(Registration number: 08718829)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

79,429

24,306

Tangible assets

5

93,198

107,847

Investments

6

33,515

34,183

 

206,142

166,336

Current assets

 

Debtors

7

3,843,830

3,606,830

Cash at bank and in hand

 

1,884,117

971,265

 

5,727,947

4,578,095

Creditors: Amounts falling due within one year

8

(992,097)

(1,081,221)

Net current assets

 

4,735,850

3,496,874

Total assets less current liabilities

 

4,941,992

3,663,210

Provisions for liabilities

(23,300)

(26,962)

Net assets

 

4,918,692

3,636,248

Capital and reserves

 

Called up share capital

9

113

113

Share premium reserve

31,037

31,037

Retained earnings

4,887,542

3,605,098

Shareholders' funds

 

4,918,692

3,636,248

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

HelpTheMove Limited

(Registration number: 08718829)
Balance Sheet as at 31 December 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
Mr Jonathan Steele
Director

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Helpthemove
5 The Parsonage Garden
Manchester
M3 2HS

These financial statements were authorised for issue by the Board on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

Straight line - 20%

Computer equipment

Straight line - 25%

Motor vehicles

Straight line - 33%

Intangible assets

Development costs that are directly attributable to the design, development and testing of websites and software
platforms controlled by the company are capitalised as intangible assets. Intangible assets are measured at cost
less any accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Development Cost

3 Years Straight line

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investments

Investments in digital assets are stated at fair value based on the closing market price as at the balance sheet
date. Revaluation surpluses are taken to the revaluation reserve. Deficits on revaluation are charged to the
revaluation reserve up to the amount of the associated revaluation surplus. Any excess deficits are charged to the
profit and loss account.

Where an asset that was previously revalued is disposed of, its book value is eliminated and an appropriate
transfer is made from the revaluation reserve to the profit and loss reserve.

Deferred taxation is provided on any surplus at the rate expected to apply when the investment is sold.
Investments in commodities are included in the balance sheet at their fair value based on their market price as at
the balance sheet date. The resulting aggregate surplus or deficit resulting from such revaluation is recognised in
the profit and loss account.

Deferred taxation is provided on any such surplus at the rate expected to apply when the investment is sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2022 - 25).

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 January 2023

25,000

25,000

Additions acquired separately

69,541

69,541

At 31 December 2023

94,541

94,541

Amortisation

At 1 January 2023

694

694

Amortisation charge

14,418

14,418

At 31 December 2023

15,112

15,112

Carrying amount

At 31 December 2023

79,429

79,429

At 31 December 2022

24,306

24,306

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

54,850

149,484

204,334

Additions

46,843

-

46,843

At 31 December 2023

101,693

149,484

251,177

Depreciation

At 1 January 2023

38,442

58,045

96,487

Charge for the year

11,669

49,823

61,492

At 31 December 2023

50,111

107,868

157,979

Carrying amount

At 31 December 2023

51,582

41,616

93,198

At 31 December 2022

16,408

91,439

107,847

6

Investments

2023
£

2022
£

Other investments other than loans

33,515

34,183

Other investments other than loans

£

Cost

At 1 January 2023

34,183

Revaluation

(668)

At 31 December 2023

33,515

Provision

Carrying amount

At 31 December 2023

33,515

At 31 December 2022

34,183

 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

933,255

658,123

Amounts owed by related parties

10

2,623,862

1,839,698

Other debtors

 

149,086

608,061

Prepayments

 

54,586

53,412

Accrued income

 

83,041

447,536

 

3,843,830

3,606,830

8

Creditors

2023
£

2022
£

Due within one year

Trade creditors

202,219

141,592

Taxation and social security

277,068

468,878

Accruals and deferred income

219,684

177,634

Other creditors

293,126

293,117

992,097

1,081,221

9

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £0.00 each

1,130,604

113

1,130,604

113

       
 

HelpTheMove Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

10

Related party transactions

The company has taken advantage of the exemption conferred by section 1A of FRS 102 not to disclose transactions with wholly owned members of the group headed by Henesy Holdings Limited.

Transactions with the director

As at the year end there were amounts totalling £35 (2022: £307,889) owed to the company by the director. The amounts are unsecured and repayable on demand.

11

Parent and ultimate parent undertaking

The company's immediate parent is Henesy Holdings Limited, incorporated in England and Wales with its registered office at 5 Parsonage, Manchester, England, M3 2HS.