Better with Money Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09943881 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Better with Money Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Thresher

Mrs J J Thresher

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

REGISTERED NUMBER:

09943881 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

City of Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

21,801

23,443

CURRENT ASSETS

Debtors

5

12,919

22,962

Cash at bank

9,120

4,161

22,039

27,123

CREDITORS

Amounts falling due within one year

6

40,890

38,504

NET CURRENT LIABILITIES

(18,851

)

(11,381

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,950

12,062

PROVISIONS FOR LIABILITIES

-

274

NET ASSETS

2,950

11,788

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

2,850

11,688

SHAREHOLDERS' FUNDS

2,950

11,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 March 2019 and were signed on its behalf by:

Mrs J J Thresher - Director

1.	STATUTORY INFORMATION

Better with Money Ltd is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised 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 recognised 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1 September 2017

22,000

2,318

24,318

Additions

-

260

At 31 August 2018

22,000

2,578

24,578

DEPRECIATION

At 1 September 2017

110

765

875

Charge for year

1,100

802

1,902

At 31 August 2018

1,210

1,567

2,777

NET BOOK VALUE

At 31 August 2018

20,790

1,011

21,801

At 31 August 2017

21,890

1,553

23,443

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

Trade debtors

11,208

22,034

Tax

1,694

-

VAT

-

928

Deferred tax asset

17

-

12,919

22,962

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

Trade creditors

6,126

1,320

Tax

-

2,892

Social security and other taxes

232

-

VAT

1,955

-

Other creditors

-

1,650

Directors' current accounts

31,377

31,442

Accrued expenses

1,200

40,890

38,504

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

100

Ordinary

£1

100

Better with Money Ltd - Accounts to registrar (filleted) - small 18.2

Better with Money Ltd - Accounts to registrar (filleted) - small 18.2