2023-05-01 NI612411 2024-04-30 NI612411 2023-05-01 2024-04-30 NI612411 2023-04-30 NI612411 2022-05-01 2023-04-30 NI612411 uk-core:WithinOneYear 2023-04-30 NI612411 uk-core:WithinOneYear 2024-04-30 NI612411 uk-core:AfterOneYear 2023-04-30 NI612411 uk-core:AfterOneYear 2024-04-30 NI612411 uk-core:ShareCapital 2024-04-30 NI612411 uk-core:ShareCapital 2023-04-30 NI612411 uk-core:SharePremium 2024-04-30 NI612411 uk-core:SharePremium 2023-04-30 NI612411 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI612411 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI612411 uk-bus:Director1 2023-05-01 2024-04-30 NI612411 uk-core:NetGoodwill 2023-05-01 2024-04-30 NI612411 uk-core:OfficeEquipment 2023-05-01 2024-04-30 NI612411 uk-core:MotorCars 2023-05-01 2024-04-30 NI612411 uk-core:Goodwill 2023-04-30 NI612411 uk-core:Goodwill 2024-04-30 NI612411 uk-core:Goodwill 2023-05-01 2024-04-30 NI612411 uk-core:OfficeEquipment 2023-04-30 NI612411 uk-core:MotorCars 2023-04-30 NI612411 uk-core:MotorCars 2024-04-30 NI612411 uk-core:OfficeEquipment 2024-04-30 NI612411 uk-core:WithinOneYear 2024-04-30 NI612411 uk-core:WithinOneYear 2023-04-30 NI612411 uk-core:AfterOneYear uk-core:Secured 2024-04-30 NI612411 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure NI612411 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI612411 uk-bus:FRS102 2023-05-01 2024-04-30 NI612411 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 NI612411 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
ACTIVE MONEY SOLUTIONS LTD
Registered Number:NI612411
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI612411
As at 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
7,800
8,400
2
Property, plant and equipment
12,911
15,794
3
20,711
24,194
Current assets
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
Capital and reserves
Called up share capital
120
120
Share premium account
31,984
31,984
Retained earnings
(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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4
Registered Number :
NI612411
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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5
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.
Registered address:
411 Lisburn Road
Belfast
Antrim
BT9 7EW
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
Computer Equipment
20% Reducing balance
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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6
For the year ended 30 April 2024
ACTIVE MONEY SOLUTIONS LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 May 2023
15,000
At 30 April 2024
15,000
Amortisation
At 01 May 2023
6,600
600
Charge for year
At 30 April 2024
7,200
Net book value
At 30 April 2024
7,800
At 30 April 2023
8,400
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 May 2023
44,684
3,184
41,500
399
399
-
Additions
At 30 April 2024
41,500
3,583
45,083
Provision for depreciation and impairment
At 01 May 2023
28,890
2,709
26,181
Charge for year
3,282
218
3,064
At 30 April 2024
32,172
2,927
29,245
At 30 April 2024
Net book value
12,255
656
12,911
At 30 April 2023
15,319
475
15,794
4. Trade and other receivables
2023
2024
£
£
Trade debtors
14,763
5,974
Other debtors
8,725
5,610
11,584
23,488
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7
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
£
£
Bank loans and overdraft
4,204
9,603
Trade creditors
1,762
1,315
Taxation and social security
2,599
1,854
Other creditors
17,599
32,520
26,164
45,292
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
19,499
21,142
Other creditors
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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