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REGISTERED NUMBER: 06610395 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MNY UK Limited

MNY UK Limited (Registered number: 06610395)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MNY UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs A Pieslak
S Pieslak





REGISTERED OFFICE: Unit 8, Woodside Industrial Park
Works Road
Letchworth
Hertfordshire
SG6 1LA





REGISTERED NUMBER: 06610395 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

MNY UK Limited (Registered number: 06610395)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 266,910 274,206

CURRENT ASSETS
Stocks 132,772 377,550
Debtors 6 67,322 15,733
Cash at bank 567 367
200,661 393,650
CREDITORS
Amounts falling due within one year 7 186,982 290,227
NET CURRENT ASSETS 13,679 103,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,589

377,629

CREDITORS
Amounts falling due after more than one
year

8

(263,913

)

(275,628

)

PROVISIONS FOR LIABILITIES (5,125 ) (6,323 )
NET ASSETS 11,551 95,678

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11,549 95,676
SHAREHOLDERS' FUNDS 11,551 95,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

MNY UK Limited (Registered number: 06610395)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:





Mrs A Pieslak - Director


MNY UK Limited (Registered number: 06610395)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MNY UK 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 10% on cost
Plant and machinery etc. - 20% on cost

Land and buildings have not been depreciated as the directors believe this charge is immaterial.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Loans are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised costs using the effective interest rate method less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.


MNY UK Limited (Registered number: 06610395)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

MNY UK Limited (Registered number: 06610395)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 247,212 127,021 374,233
Additions - 450 450
At 30 June 2024 247,212 127,471 374,683
DEPRECIATION
At 1 July 2023 1,250 98,777 100,027
Charge for year - 7,746 7,746
At 30 June 2024 1,250 106,523 107,773
NET BOOK VALUE
At 30 June 2024 245,962 20,948 266,910
At 30 June 2023 245,962 28,244 274,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 135
Other debtors 50,599 12,544
Sundry Debtors and Prepayments 2,178 3,054
VAT 14,545 -
67,322 15,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,431 55,089
Other loans 44,465 85,432
Trade creditors 33,588 21,292
Tax 18,350 40,701
Social security and other taxes 1,662 8,457
VAT - 9,015
Other creditors 24,920 30,464
Sundry Creditors and Accruals 26,550 39,658
Directors' current accounts 16 119
186,982 290,227

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 52,562 54,867
Bank loans more than 5 years
by instalments 211,351 220,761
263,913 275,628

MNY UK Limited (Registered number: 06610395)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 211,351 220,761
211,351 220,761

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 282,235 295,503

The bank loans are secured by way of a legal charge over the company's trading premises.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2