Company Registration No. 03843069 (England and Wales)
Money Matters Independent Ltd
Unaudited accounts
for the year ended 31 December 2024
Money Matters Independent Ltd
Unaudited accounts
Contents
Money Matters Independent Ltd
Company Information
for the year ended 31 December 2024
Company Number
03843069 (England and Wales)
Registered Office
Pinfold
Low Catton
YORK
YO41 1ED
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Money Matters Independent Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
15,215
10,711
Creditors: amounts falling due within one year
(22,027)
(30,101)
Net current liabilities
(6,812)
(18,890)
Net liabilities
(6,812)
(17,733)
Called up share capital
100
100
Profit and loss account
(6,912)
(17,833)
Shareholders' funds
(6,812)
(17,733)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 10 February 2025 and were signed on its behalf by
Mr P N Roberts
Director
Company Registration No. 03843069
Money Matters Independent Ltd
Notes to the Accounts
for the year ended 31 December 2024
Money Matters Independent Ltd is a private company, limited by shares, registered in England and Wales, registration number 03843069. The registered office is Pinfold, Low Catton, YORK, YO41 1ED.
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.
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:
Fixtures & fittings
20% on a reducing balance
Computer equipment
30% on a reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2024
14,000
At 31 December 2024
14,000
Money Matters Independent Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
8,176
9,642
17,818
At 31 December 2024
8,176
9,642
17,818
At 1 January 2024
8,176
8,485
16,661
Charge for the year
-
1,157
1,157
At 31 December 2024
8,176
9,642
17,818
At 31 December 2023
-
1,157
1,157
Amounts falling due within one year
Accrued income and prepayments
-
500
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
131
Loans from directors
21,109
29,070
8
Post balance sheet events
The company disposed of its goodwill on 7 January 2025 for £80,000. The company effectively ceased its trade as Financial Advisors at that date.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).