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Company Registration No. 07772518 (England and Wales)
It Is Your Money Ltd Unaudited accounts for the year ended 30 September 2024
It Is Your Money Ltd Unaudited accounts Contents
Page
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It Is Your Money Ltd Company Information for the year ended 30 September 2024
Director
R F Woods
Company Number
07772518 (England and Wales)
Registered Office
Quay House Lansdowne Lane Torquay TQ2 5BS
Accountants
Marke & Co Ltd Barnfield Swimbridge Barnstaple Devon EX32 0RB
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It Is Your Money Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,300 
- 
Tangible assets
26,726 
42,167 
116,026 
42,167 
Current assets
Debtors
1,491,035 
1,309,498 
Cash at bank and in hand
164,996 
106,914 
1,656,031 
1,416,412 
Creditors: amounts falling due within one year
(233,104)
(193,361)
Net current assets
1,422,927 
1,223,051 
Total assets less current liabilities
1,538,953 
1,265,218 
Provisions for liabilities
Deferred tax
(6,682)
(10,542)
Net assets
1,532,271 
1,254,676 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,532,171 
1,254,576 
Shareholders' funds
1,532,271 
1,254,676 
For the year ending 30 September 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 25 June 2025 and were signed on its behalf by
R F Woods Director Company Registration No. 07772518
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It Is Your Money Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
It Is Your Money Ltd is a private company, limited by shares, registered in England and Wales, registration number 07772518. The registered office is Quay House, Lansdowne Lane, Torquay, TQ2 5BS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
Computer equipment
25%
Other tangible fixed assets
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
- 
Additions
89,300 
At 30 September 2024
89,300 
Amortisation
At 1 October 2023
- 
At 30 September 2024
- 
Net book value
At 30 September 2024
89,300 
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It Is Your Money Ltd Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
4,468 
107,980 
20,070 
132,518 
Additions
58 
- 
2,198 
2,256 
At 30 September 2024
4,526 
107,980 
22,268 
134,774 
Depreciation
At 1 October 2023
3,206 
72,943 
14,202 
90,351 
Charge for the year
481 
14,023 
3,193 
17,697 
At 30 September 2024
3,687 
86,966 
17,395 
108,048 
Net book value
At 30 September 2024
839 
21,014 
4,873 
26,726 
At 30 September 2023
1,262 
35,037 
5,868 
42,167 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
137,450 
93,743 
Accrued income and prepayments
7,183 
3,104 
Other debtors
1,346,402 
1,212,651 
1,491,035 
1,309,498 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
77,333 
54,566 
Trade creditors
5,443 
891 
Taxes and social security
136,865 
70,355 
Other creditors
11,993 
18,118 
Loans from directors
320 
43,381 
Accruals
1,150 
6,050 
233,104 
193,361 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
6,682 
10,542 
2024 
2023 
£ 
£ 
Provision at start of year
10,542 
13,265 
Credited to the profit and loss account
(3,860)
(2,723)
Provision at end of year
6,682 
10,542 
- 6 -
It Is Your Money Ltd Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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