Company Registration No. 09737698 (England and Wales)
Ready Money Ltd
Unaudited accounts
for the year ended 31 August 2024
Ready Money Ltd
Unaudited accounts
Contents
Ready Money Ltd
Company Information
for the year ended 31 August 2024
Director
George Jacob Parackal
Company Number
09737698 (England and Wales)
Ready Money Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
33,232
-
Creditors: amounts falling due within one year
(245,531)
(12,494)
Net current assets
67,366
43,506
Total assets less current liabilities
67,366
43,506
Creditors: amounts falling due after more than one year
(31,278)
(33,960)
Called up share capital
1
1
Profit and loss account
36,087
9,545
Shareholders' funds
36,088
9,546
For the year ending 31 August 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 22 May 2024 and were signed on its behalf by
George Jacob Parackal
Director
Company Registration No. 09737698
Ready Money Ltd
Notes to the Accounts
for the year ended 31 August 2024
Ready Money Ltd is a private company, limited by shares, registered in England and Wales, registration number 09737698.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
117,200
-
Ready Money Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,296
Taxes and social security
6,226
11,172
Other creditors
158,886
26
Loans from directors
80,419
-
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
3,496
-
The ultimate controlling party was Mr. G Parackal , the director an d shareholder of the company
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).