IRIS Accounts Production v25.1.0.734 Knowing Logic Ltd SC386288 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3862882023-09-30SC3862882024-09-30SC3862882023-10-012024-09-30SC3862882022-09-30SC3862882022-10-012023-09-30SC3862882023-09-30SC38628812023-10-012024-09-30SC386288ns15:Scotland2023-10-012024-09-30SC386288ns14:PoundSterling2023-10-012024-09-30SC386288ns10:Director12023-10-012024-09-30SC386288ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30SC386288ns10:SmallEntities2023-10-012024-09-30SC386288ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC386288ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30SC386288ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30SC386288ns10:FullAccounts2023-10-012024-09-30SC386288ns10:RegisteredOffice2023-10-012024-09-30SC386288ns5:CurrentFinancialInstruments2024-09-30SC386288ns5:CurrentFinancialInstruments2023-09-30SC386288ns5:Non-currentFinancialInstruments2024-09-30SC386288ns5:Non-currentFinancialInstruments2023-09-30SC386288ns5:ShareCapital2024-09-30SC386288ns5:ShareCapital2023-09-30SC386288ns5:RetainedEarningsAccumulatedLosses2024-09-30SC386288ns5:RetainedEarningsAccumulatedLosses2023-09-30SC386288ns5:ComputerEquipment2023-10-012024-09-30SC386288ns5:ComputerEquipment2023-09-30SC386288ns5:ComputerEquipment2024-09-30SC386288ns5:ComputerEquipment2023-09-30SC386288ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30SC386288ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30SC3862881ns10:Director12023-09-30SC3862881ns10:Director12022-09-30SC3862881ns10:Director12023-10-012024-09-30SC3862881ns10:Director12022-10-012023-09-30SC3862881ns10:Director12024-09-30SC3862881ns10:Director12023-09-30
REGISTERED NUMBER: SC386288 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MONEYTAGS LTD

MONEYTAGS LTD (REGISTERED NUMBER: SC386288)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONEYTAGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: G Harding





REGISTERED OFFICE: 9 Ballyhennan Crescent
Tarbet
Arrochar
G83 7DB





REGISTERED NUMBER: SC386288 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

MONEYTAGS LTD (REGISTERED NUMBER: SC386288)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,227 2,752

CURRENT ASSETS
Debtors 5 46,434 49,013
Cash at bank 10,062 59,087
56,496 108,100
CREDITORS
Amounts falling due within one year 6 6,930 64,577
NET CURRENT ASSETS 49,566 43,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,793

46,275

CREDITORS
Amounts falling due after more than one
year

7

(12,159

)

(14,924

)

PROVISIONS FOR LIABILITIES (993 ) (523 )
NET ASSETS 41,641 30,828

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 41,640 30,827
SHAREHOLDERS' FUNDS 41,641 30,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MONEYTAGS LTD (REGISTERED NUMBER: SC386288)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





G Harding - Director


MONEYTAGS LTD (REGISTERED NUMBER: SC386288)

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

1. STATUTORY INFORMATION

Moneytags Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of the services of information technology consultants and represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MONEYTAGS LTD (REGISTERED NUMBER: SC386288)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 10,137
Additions 4,296
At 30 September 2024 14,433
DEPRECIATION
At 1 October 2023 7,385
Charge for year 1,821
At 30 September 2024 9,206
NET BOOK VALUE
At 30 September 2024 5,227
At 30 September 2023 2,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 46,434 49,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2,693 2,621
Taxation and social security 2,476 60,258
Other creditors 1,761 1,698
6,930 64,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 12,159 14,924

MONEYTAGS LTD (REGISTERED NUMBER: SC386288)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
G Harding
Balance outstanding at start of year (27,648 ) (28,735 )
Amounts advanced 3,964 2,887
Amounts repaid - (1,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,684 ) (27,648 )

Loans to director is given interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £10,500 (2023 £10,500) due from Production Mill Ltd, a company which G Harding is a director.