CONTINENTAL MONEY TRANSFER LTD

Company Registration Number:
11234583 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

CONTINENTAL MONEY TRANSFER LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

CONTINENTAL MONEY TRANSFER LTD

Company Information

for the Period Ended 31 March 2024




Director: ERNEST OPOKU-ACHEAMPONG
JOHN OSEI-WUSU
LOUISA OSEI-WUSU
Registered office: 9
Greyfriars Road
Reading
Berkshire
England
RG1 1NU
Company Registration Number: 11234583 (England and Wales)

CONTINENTAL MONEY TRANSFER LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

During the period the principal activity was financial intermediation and other services.

Directors

The director(s) shown below were appointed to the company during the period
ERNEST OPOKU-ACHEAMPONG
01 April 2023
JOHN OSEI-WUSU
01 April 2023
LOUISA OSEI-WUSU
01 April 2023

This report was approved by the board of directors on 24 June 2024
And Signed On Behalf Of The Board By:

Name: ERNEST OPOKU-ACHEAMPONG
Status: Director

Name: JOHN OSEI-WUSU
Status: Director

Name: LOUISA OSEI-WUSU
Status: Director

CONTINENTAL MONEY TRANSFER LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 729 810
Total fixed assets: 729 810
Current assets
Cash at bank and in hand: 17,595 1
Total current assets: 17,595 1
Creditors: amounts falling due within one year: 5 ( 14,677 ) ( 4,097 )
Net current assets (liabilities): 2,918 ( 4,096 )
Total assets less current liabilities: 3,647 ( 3,286 )
Creditors: amounts falling due after more than one year: 6 ( 2,000 ) ( 4,300 )
Total net assets (liabilities): 1,647 ( 7,586 )

The notes form part of these financial statements

CONTINENTAL MONEY TRANSFER LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,646 ( 7,587 )
Shareholders funds: 1,647 ( 7,586 )

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 24 June 2024
And Signed On Behalf Of The Board By:

Name: ERNEST OPOKU-ACHEAMPONG
Status: Director

Name: JOHN OSEI-WUSU
Status: Director

Name: LOUISA OSEI-WUSU
Status: Director

The notes form part of these financial statements

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover consists of sales from services less sales tax and any discounts received.

    Tangible fixed assets depreciation policy

    Tangible fixed assets depreciation policy

    Tangible fixed assets depreciation policy
    All tangible fixed assets are depreciated at a rate of 10% per annum on reducing balance basis.
    Fixtures & Fittings 10% per annum
    Office Equipment 10% per annum

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 0

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 April 2023 486 324 810
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2024 486 324 810
Depreciation
At 01 April 2023 - - -
Charge for year 49 32 81
On disposals - - -
Other adjustments - - -
At 31 March 2024 49 32 81
Net book value
At 31 March 2024 437 292 729
At 31 March 2023 486 324 810

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Other creditors 14,677 4,097
Total 14,677 4,097

CONTINENTAL MONEY TRANSFER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 2,000 4,300
Total 2,000 4,300