Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseactivities auxiliary to financial intermediation not elsewhere classified44falsefalse 13269972 2023-09-01 2024-08-31 13269972 2022-09-01 2023-08-31 13269972 2024-08-31 13269972 2023-08-31 13269972 2022-09-01 13269972 1 2023-09-01 2024-08-31 13269972 d:Director1 2023-09-01 2024-08-31 13269972 e:OfficeEquipment 2023-09-01 2024-08-31 13269972 e:OfficeEquipment 2024-08-31 13269972 e:OfficeEquipment 2023-08-31 13269972 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13269972 e:CurrentFinancialInstruments 2024-08-31 13269972 e:CurrentFinancialInstruments 2023-08-31 13269972 e:CurrentFinancialInstruments e:WithinOneYear 2024-08-31 13269972 e:CurrentFinancialInstruments e:WithinOneYear 2023-08-31 13269972 e:ShareCapital 2023-09-01 2024-08-31 13269972 e:ShareCapital 2024-08-31 13269972 e:ShareCapital 2022-09-01 2023-08-31 13269972 e:ShareCapital 2023-08-31 13269972 e:ShareCapital 2022-09-01 13269972 e:SharePremium 2023-09-01 2024-08-31 13269972 e:SharePremium 2024-08-31 13269972 e:SharePremium 1 2023-09-01 2024-08-31 13269972 e:SharePremium 2022-09-01 2023-08-31 13269972 e:SharePremium 2023-08-31 13269972 e:SharePremium 2022-09-01 13269972 e:OtherMiscellaneousReserve 2023-09-01 2024-08-31 13269972 e:OtherMiscellaneousReserve 2024-08-31 13269972 e:OtherMiscellaneousReserve 1 2023-09-01 2024-08-31 13269972 e:OtherMiscellaneousReserve 2023-08-31 13269972 e:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 13269972 e:RetainedEarningsAccumulatedLosses 2024-08-31 13269972 e:RetainedEarningsAccumulatedLosses 1 2023-09-01 2024-08-31 13269972 e:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 13269972 e:RetainedEarningsAccumulatedLosses 2023-08-31 13269972 e:RetainedEarningsAccumulatedLosses 2022-09-01 13269972 d:OrdinaryShareClass1 2023-09-01 2024-08-31 13269972 d:OrdinaryShareClass1 2024-08-31 13269972 d:OrdinaryShareClass1 2023-08-31 13269972 d:FRS102 2023-09-01 2024-08-31 13269972 d:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13269972 d:FullAccounts 2023-09-01 2024-08-31 13269972 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13269972 e:ShareCapital 1 2023-09-01 2024-08-31 13269972 f:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13269972










MONEY MEANS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
MONEY MEANS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONEY MEANS LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Money Means Limited for the year ended 31 August 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Money Means Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Money Means Limited and state those matters that we have agreed to state to the Board of directors of Money Means Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Money Means Limited and its Board of directors, as a body, for our work or for this report. 

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

We have not been instructed to carry out an audit or review of the financial statements of Money Means 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 financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ
14 October 2024
Page 1

 
MONEY MEANS LIMITED
REGISTERED NUMBER: 13269972

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,019
461

  
1,019
461

Current assets
  

Stocks
 5 
2,100
2,300

Debtors: amounts falling due within one year
 6 
13,724
6,388

Cash at bank and in hand
  
60,986
36,888

  
76,810
45,576

Creditors: amounts falling due within one year
 7 
(16,626)
(14,203)

Net current assets
  
 
 
60,184
 
 
31,373

Total assets less current liabilities
  
61,203
31,834

  

Net assets
  
61,203
31,834


Capital and reserves
  

Called up share capital 
 8 
1,457
1,348

Share premium account
  
684,498
504,607

Other reserves
  
329,232
-

Profit and loss account
  
(953,984)
(474,121)

  
61,203
31,834


Page 2

 
MONEY MEANS LIMITED
REGISTERED NUMBER: 13269972
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 October 2024.




H E Wardle
Director

The notes on pages 6 to 11 form part of these financial statements.

Page 3

 
MONEY MEANS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 September 2023
1,348
504,607
-
(474,121)
31,834


Comprehensive income for the year

Loss for the year

-
-
-
(479,863)
(479,863)

Other movement type 1
-
-
329,232
-
329,232


Other comprehensive income for the year
-
-
329,232
-
329,232


Total comprehensive income for the year
-
-
329,232
(479,863)
(150,631)

Shares issued during the year
109
179,891
-
-
180,000


Total transactions with owners
109
179,891
-
-
180,000


At 31 August 2024
1,457
684,498
329,232
(953,984)
61,203


The notes on pages 6 to 11 form part of these financial statements.

Page 4

 
MONEY MEANS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 September 2022
1,100
169,855
(135,177)
35,778


Comprehensive income for the year

Loss for the year

-
-
(338,944)
(338,944)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(338,944)
(338,944)

Shares issued during the year
248
334,752
-
335,000


Total transactions with owners
248
334,752
-
335,000


At 31 August 2023
1,348
504,607
(474,121)
31,834


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies

 
1.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in .



The following principal accounting policies have been applied:

 
1.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
1.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)

 
1.4

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
1.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

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.

 
1.6

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 reporting 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.

 
1.7

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.

 
1.8

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.

Page 7

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.Accounting policies (continued)

 
1.9

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.


2.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 13269972
Its Registered Office is:
Suite B Gloverside
23-25 Bury Mead Road
Hitchin
Hertfordshire
SG5 1RT


3.


Employees

2024
2023
£
£

Wages and salaries
93,152
53,873

Social security costs
370
817

Cost of defined contribution scheme
2,157
1,308

95,679
55,998


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Director
2
2



Staff
2
2

4
4

Page 8

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
1,357


Additions
1,499



At 31 August 2024

2,856



Depreciation


At 1 September 2023
895


Charge for the year on owned assets
942



At 31 August 2024

1,837



Net book value



At 31 August 2024
1,019



At 31 August 2023
461

Page 9

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
2,100
2,300

2,100
2,300



6.


Debtors

2024
2023
£
£


Other debtors
13,724
6,388

13,724
6,388



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
4,404
1,689

Other creditors
12,222
12,514

16,626
14,203



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,456,947 (2023 - 1,348,047) Ordinary shares of £0.001 each
1,456.947
1,348.047


During the period 108,900 ordinary shares with a nominal value of £0.001 were issued for a total consideration of £180,000.


9.


Reserves

Other reserves

Included in Other Reserves is an amount of £329,232 received in advance for an Advance Subscription Agreement.

Page 10

 
MONEY MEANS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


10.


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 £2,157 (2023 - £1,308) . Contributions totalling £677 (2023 - £970) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The amount due to the director H E Wardle and included in other creditors at the reporting date was £11,545; (2023: £11,545). The loan does not attract a rate of interest and is repayable on demand.

 
Page 11