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MONEYNOTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONEYNOTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: R M Brown





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 02214219 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,095 1,460
Investments 5 25,000 25,000
26,095 26,460

CURRENT ASSETS
Stocks 50 50
Debtors 6 42,186 44,582
Cash at bank and in hand 26,808 11,321
69,044 55,953
CREDITORS
Amounts falling due within one year 7 40,202 31,487
NET CURRENT ASSETS 28,842 24,466
TOTAL ASSETS LESS CURRENT LIABILITIES 54,937 50,926

CREDITORS
Amounts falling due after more than one year 8 (9,037 ) (10,815 )

PROVISIONS FOR LIABILITIES 9 (200 ) -
NET ASSETS 45,700 40,111

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Revaluation reserve 11 10,000 10,000
Retained earnings 15,700 10,111
SHAREHOLDERS' FUNDS 45,700 40,111

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

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 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.

MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





R M Brown - Director


MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Moneynotion 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 4,485 2,297 6,782
DEPRECIATION
At 1 May 2023 4,233 1,089 5,322
Charge for year 63 302 365
At 30 April 2024 4,296 1,391 5,687
NET BOOK VALUE
At 30 April 2024 189 906 1,095
At 30 April 2023 252 1,208 1,460

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Classic car 25,000 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,695 18,811
Other debtors 20,491 25,771
42,186 44,582

MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,778 1,778
Trade creditors 4,706 2,749
Tax 3,293 -
Social security and other taxes 28,600 25,235
Accrued expenses 1,825 1,725
40,202 31,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,778 1,778
Bank loans - 2-5 years 7,259 9,037
9,037 10,815

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 200 -

Deferred
tax
£   
Provided during year 200
Balance at 30 April 2024 200

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 Ordinary £1 20,000 20,000

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 10,000

MONEYNOTION LIMITED (REGISTERED NUMBER: 02214219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
R M Brown
Balance outstanding at start of year 14,712 8,060
Amounts advanced 48,718 14,712
Amounts repaid (55,758 ) (8,060 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,672 14,712

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year was £481. (2023 : £220)