Company Registration No. 10716785 (England and Wales)
SWAPMONEY LTD
Unaudited accounts
for the year ended 30 April 2024
SWAPMONEY LTD
Unaudited accounts
Contents
SWAPMONEY LTD
Company Information
for the year ended 30 April 2024
Directors
MR OLAMOBISI JOSEPH FAWEHINMI
MR ABIODUN OKONO
Company Number
10716785 (England and Wales)
Registered Office
GROSVENOR HOUSE
11 ST PAUL'S SQUARE
BIRMINGHAM
WEST MIDLANDS
B3 1RB
UNITED KINGDOM
Accountants
NT&M UK LIMITED
37A PARK LANE
MINWORTH
SUTTON COLDFIELD
WEST MIDLANDS
B76 9BL
SWAPMONEY LTD
Statement of financial position
as at 30 April 2024
Intangible assets
4,982
7,473
Tangible assets
8,822
3,474
Cash at bank and in hand
72,725
141,967
Creditors: amounts falling due within one year
(58,404)
(105,303)
Net current assets
28,561
36,664
Total assets less current liabilities
42,365
47,611
Creditors: amounts falling due after more than one year
(16,917)
(23,917)
Called up share capital
100
100
Profit and loss account
25,348
23,594
Shareholders' funds
25,448
23,694
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
MR ABIODUN OKONO
Director
Company Registration No. 10716785
SWAPMONEY LTD
Notes to the Accounts
for the year ended 30 April 2024
SWAPMONEY LTD is a private company, limited by shares, registered in England and Wales, registration number 10716785. The registered office is GROSVENOR HOUSE, 11 ST PAUL'S SQUARE, BIRMINGHAM, WEST MIDLANDS, B3 1RB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The average number of employees includes consultants, sub contractors, temporary, part time, full time and interim staff working for the company.
Includes £50,000 of cash held in the bank as deposit protection.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
SWAPMONEY LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
The intangible assets represent website development costs. These have been capitalised. Depreciation method adopted is the straight line method over a useful life of 3 years.
5
Tangible fixed assets
Computer equipment
Amounts falling due after more than one year
SWAPMONEY LTD
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
58,404
56,946
Other creditors - Accountancy fees
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 14 (2023: 14).