Money Relevance Limited - Accounts to registrar (filleted) - small 18.2

Money Relevance Limited - Accounts to registrar (filleted) - small 18.2

MONEY RELEVANCE LIMITED - Company Information

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REGISTERED NUMBER: 07804002 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Money Relevance Limited
Money Relevance Limited (Registered number: 07804002)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Money Relevance Limited

Company Information
for the Year Ended 31 March 2019







DIRECTOR: J A Banks





SECRETARY: Mrs H L Banks





REGISTERED OFFICE: 1 Smethcote Farm House
Upton Magna
Shropshire
SY4 4UE





REGISTERED NUMBER: 07804002 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF
Page 1
Money Relevance Limited (Registered number: 07804002)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,021 27,879
Tangible assets 5 1,849 2,406
27,870 30,285

CURRENT ASSETS
Debtors 6 70,153 68,471
Investments 7 2,273 914
Cash at bank 24,432 26,859
96,858 96,244
CREDITORS
Amounts falling due within one year 8 52,961 62,931
NET CURRENT ASSETS 43,897 33,313
TOTAL ASSETS LESS CURRENT
LIABILITIES
71,767
63,598

CREDITORS
Amounts falling due after more than one
year
9
24,901
10,000
NET ASSETS 46,866 53,598

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 46,766 53,498
SHAREHOLDERS' FUNDS 46,866 53,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 notes form part of these financial statements

Page 2 continued...
Money Relevance Limited (Registered number: 07804002)

Balance Sheet - continued
31 March 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 8 May 2019 and were signed by:





J A Banks - Director


The notes form part of these financial statements

Page 3
Money Relevance Limited (Registered number: 07804002)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Money Relevance 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - at varying rates 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4 continued...
Money Relevance Limited (Registered number: 07804002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018
and 31 March 2019 37,169
AMORTISATION
At 1 April 2018 9,290
Charge for year 1,858
At 31 March 2019 11,148
NET BOOK VALUE
At 31 March 2019 26,021
At 31 March 2018 27,879

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2018
and 31 March 2019 4,434
DEPRECIATION
At 1 April 2018 2,028
Charge for year 557
At 31 March 2019 2,585
NET BOOK VALUE
At 31 March 2019 1,849
At 31 March 2018 2,406

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 68,000 66,464
Prepayments 2,153 2,007
70,153 68,471

7. CURRENT ASSET INVESTMENTS
31.3.19 31.3.18
£    £   
Other 2,273 914

Page 5 continued...
Money Relevance Limited (Registered number: 07804002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 3,560 -
Tax 42,028 53,727
Social security and other taxes 3 23
Other creditors 5,642 7,574
Directors' current accounts 208 167
Accrued expenses 1,520 1,440
52,961 62,931

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.19 31.3.18
£    £   
Bank loans - 1-2 years 3,400 -
Bank loans - 2-5 years 11,501 -
Subordinated loan 10,000 10,000
24,901 10,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Subordinated loan 10,000 10,000

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.19 31.3.18
value: £    £   
100 Ordinary 1.00 100 100

11. RESERVES

The difference between the Profit and Loss Account Reserves brought forward and carried forward is the result
of the profit for the year and dividends.

Page 6