Moneysavers London Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03583868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

MONEYSAVERS LONDON LIMITED

TRADING AS

MOTILAL (U.K.) - BOOKS OF INDIA

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R McLennan

SECRETARY:

Miss B Doffman

REGISTERED OFFICE:

367 High Street

London Colney

St Albans

Hertfordshire

AL2 1EA

REGISTERED NUMBER:

03583868 (England and Wales)

ACCOUNTANTS:

Newman Morris Limited

Chartered Accountants

Wellington House

273-275 High Street

London Colney

Hertfordshire

AL2 1HA

FIXED ASSETS

Tangible assets

4

596

307

Investments

5

1,844

1,844

2,440

2,151

CURRENT ASSETS

Stocks

225,356

256,585

Debtors

6

163,995

197,823

Cash at bank

346,272

202,278

735,623

656,686

CREDITORS

Amounts falling due within one year

7

(259,430

)

(222,528

)

NET CURRENT ASSETS

476,193

434,158

TOTAL ASSETS LESS CURRENT LIABILITIES

478,633

436,309

PROVISIONS FOR LIABILITIES

(975

)

-

NET ASSETS

477,658

436,309

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

477,657

436,308

477,658

436,309

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

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

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 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 director on 9 September 2019 and were signed by:

R McLennan - Director

1.	STATUTORY INFORMATION

Moneysavers London Limited 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 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.

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.

Plant and machinery etc

-

25% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

25,993

Additions

589

At 31 December 2018

26,582

DEPRECIATION

At 1 January 2018

25,686

Charge for year

300

At 31 December 2018

25,986

NET BOOK VALUE

At 31 December 2018

596

At 31 December 2017

307

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2018

and 31 December 2018

1,844

NET BOOK VALUE

At 31 December 2018

1,844

At 31 December 2017

1,844

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

157,933

191,980

Amounts owed by group undertakings

2,713

2,713

Other debtors

3,349

3,130

163,995

197,823

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,263

-

Trade creditors

218,751

179,388

Taxation and social security

26,345

39,414

Other creditors

13,071

3,726

259,430

222,528