ACTIVE MONEY SOLUTIONS LTD |
Registered Number:NI612411 |
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
ACTIVE MONEY SOLUTIONS LTD
Statement of Financial Position
2023
2024
7,800
8,400
2
Property, plant and equipment |
12,911
15,794
3
20,711
24,194
Trade and other receivables |
11,584
23,488
4
44,874
Cash and cash equivalents |
21,849
45,337
56,458
Trade and other payables: amounts falling due within one |
year |
(45,292)
(26,164)
5
11,166
19,173
Net current assets
Total assets less current liabilities |
39,884
35,360
Trade and other payables: amounts falling due after more |
than one year |
(21,142)
(39,499)
6
385
Net assets
14,218
120
120
31,984
31,984
(31,719)
(17,886)
385
14,218
Shareholders' funds
For the year ended 30 April 2024 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Stephen Pepper Director |
These financial statements were approved and authorised for issue by the Board on 09 January 2025 and were signed by: |
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For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Notes to the Financial Statements
Statutory Information
ACTIVE MONEY SOLUTIONS LTD is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI612411. |
411 Lisburn Road
Belfast
Antrim
BT9 7EW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 25 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
15,000
15,000
6,600
600
Charge for year
7,200
7,800
8,400
3. Property, plant and equipment |
Motor Vehicles
44,684
3,184
41,500
399
399
-
41,500
3,583
45,083
Provision for depreciation and impairment |
28,890
2,709
26,181
Charge for year
3,282
218
3,064
32,172
2,927
29,245
12,255
656
12,911
15,319
475
15,794
4. Trade and other receivables |
2023
2024
14,763
5,974
8,725
5,610
11,584
23,488
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For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
4,204
9,603
1,762
1,315
Taxation and social security |
2,599
1,854
17,599
32,520
26,164
45,292
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
19,499
21,142
20,000
-
39,499
21,142
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 3)
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