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
It Is Your Money Ltd
Company Information
for the year ended 30 September 2024
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
It Is Your Money Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
89,300
-
Tangible assets
26,726
42,167
Debtors
1,491,035
1,309,498
Cash at bank and in hand
164,996
106,914
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
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
It Is Your Money Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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:
Other tangible fixed assets
25%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 30 September 2024
89,300
At 30 September 2024
89,300
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
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
At 30 September 2024
839
21,014
4,873
26,726
At 30 September 2023
1,262
35,037
5,868
42,167
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
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
136,865
70,355
Other creditors
11,993
18,118
Loans from directors
320
43,381
8
Deferred taxation
2024
2023
Accelerated capital allowances
6,682
10,542
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
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).