Company registration number 05197706 (England and Wales)
Money Saving Group Limited
Unaudited financial statements
For the year ended 31 December 2024
Money Saving Group Limited
Company information
Director
A Murtagh
Company number
05197706
Registered office
The Exchange
5 Bank Street
Bury
England
BL9 0DN
Accountants
DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
Money Saving Group Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Money Saving Group Limited
Statement of financial position
As at 31 December 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1,100
1,100
Creditors: amounts falling due within one year
3
(350,000)
(350,000)
Net current liabilities
(348,900)
(348,900)
Creditors: amounts falling due after more than one year
4
(844,000)
(844,000)
Net liabilities
(1,192,900)
(1,192,900)
Capital and reserves
Called up share capital
100
100
Other reserves
2,656,000
2,656,000
Profit and loss reserves
(3,849,000)
(3,849,000)
Total equity
(1,192,900)
(1,192,900)
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 30 September 2025
A Murtagh
Director
Company registration number 05197706 (England and Wales)
Money Saving Group Limited
Notes to the financial statements
For the year ended 31 December 2024
- 2 -
1
Accounting policies
Company information
Money Saving Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Exchange, 5 Bank Street, Bury, England, BL9 0DN.
1.1
Accounting convention
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.
The company was dormant throughout the current year and previous year.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognized in the Income Statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognized only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Money Saving Group Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
350,000
350,000
4
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
844,000
844,000