Moneynotion Limited - Abbreviated accounts 16.1
Moneynotion Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Accounts |
for the Year Ended 30 April 2015 |
for |
Moneynotion Limited |
Moneynotion Limited (Registered number: 02214219) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 4 |
Moneynotion Limited |
Company Information |
for the Year Ended 30 April 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Moneynotion Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Moneynotion Limited for the year ended 30 April 2015 which comprise the Profit and Loss |
Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from the |
company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the director of Moneynotion Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moneynotion Limited and state those matters that we have agreed to state to the director of Moneynotion Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Moneynotion Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Moneynotion Limited. You consider that Moneynotion Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Moneynotion Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
27 April 2016 |
Moneynotion Limited (Registered number: 02214219) |
Abbreviated Balance Sheet |
30 April 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Revaluation reserve |
Other reserves |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director on |
Moneynotion Limited (Registered number: 02214219) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
Turnover |
Turnover is measured at the invoiced value of services provided and commissions received net of VAT and |
discounts. Turnover from the services provided and commission received is recognised when the service has |
been provided and the commission has been earned, the amount of turnover can be measured reliably and when it |
is probable that the economic benefits associated will transfer to the company, typically on delivery of the |
service. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
The motor vehicle is a classic car and is subject to an annual impairment review. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
balance sheet date. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 May 2014 |
Revaluations |
At 30 April 2015 |
DEPRECIATION |
At 1 May 2014 |
Charge for year |
Charge written back | (1,000 | ) |
At 30 April 2015 |
NET BOOK VALUE |
At 30 April 2015 |
At 30 April 2014 |
The motor vehicle is a classic car and the director has done an impairment review and considers its value to be |
£25,000, and no depreciation has been provided. |
Moneynotion Limited (Registered number: 02214219) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |