Moneyinfo Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03508395 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

MONEYINFO LIMITED

Page

Company Information

1

Chairman's Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr M J Cons

Ms T Coombes

Mr S Sangha

Mr T J Williams

Mr C N Coombes

Mr P Hollingdale

REGISTERED OFFICE:

Forward House

17 High Street

Henley-in-Arden

Warwickshire

B95 5AA

REGISTERED NUMBER:

03508395 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

I am pleased to report a very successful year for moneyinfo. On the financial side we have taken the business

into profit for the year, repaid all debt and retain a healthy cash position to see us through any ups and downs of

the Covid-19 crises. We continue to secure new contracts with adviser firms, signing 27 new firms over the year

(up 30%) including The Private Office, HFMC, Progeny Group and Hawksmoor.

We enable financial advisers, wealth managers and discretionary fund managers to communicate securely with

their clients and deliver the best client experience through a combination of face to face, telephone and digital

channels. The benefits of moneyinfo are now becoming more widely appreciated by increasing numbers of

advisers, for example one of our clients, Neil Moles, the CEO of Progeny Group, estimates that as a firm they had

saved printing and posting 75,000 pieces of paper during the first two months of lockdown by using moneyinfo.

This is just one example of the benefits that arise from using moneyinfo.

During March, as the UK went into lock down, our staff adapted well to home working, which was planned for

within our business continuity program. Our industry, financial services, is more resilient than most to lock-down

with our firms continuing to trade with only minor disruption. The move to video meetings, will see many firms

enjoy significantly reduced cost and the removal of geographic boundaries to their businesses. The sharp rise in

the use of technology particularly by advisers will see a long-term change in the way financial advice is delivered,

for which we are well placed to benefit.

We continue to invest heavily in product development and July will see the launch of the mobile version of our

administrator module, moneyinfo manager (MIM) which will allow advisers to download an app for their

smartphones and tablets to access MIM and communicate securely and easily with their clients wherever they

are.

We focus on three things - making ourselves feel great, making our clients feel great and delivering on our

promises. We have a great team of people who deliver an exceptional service to our clients.

I'd like to take this opportunity, to say a big thank you to all our staff for their commitment, support, hard work and

enthusiasm and to our shareholders who have shown their confidence and belief in moneyinfo through their

generous investments.

Tom Williams

Chairman

FIXED ASSETS

Tangible assets

4

8,162

8,591

CURRENT ASSETS

Debtors

5

277,699

273,202

Cash at bank

315,072

479,954

592,771

753,156

CREDITORS

Amounts falling due within one year

6

306,756

264,879

NET CURRENT ASSETS

286,015

488,277

TOTAL ASSETS LESS CURRENT LIABILITIES

294,177

496,868

CREDITORS

Amounts falling due after more than one year

7

-

327,811

NET ASSETS

294,177

169,057

CAPITAL AND RESERVES

Called up and paid share capital

169,041

169,041

Share premium

99,381

99,381

Retained earnings

25,755

(99,365

)

SHAREHOLDERS' FUNDS

294,177

169,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 2 July 2020 and were signed on its behalf by:

Mr M J Cons - Director

1.	STATUTORY INFORMATION

Moneyinfo 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

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

-

at varying rates on cost

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the

transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets classified as receivable within one year are not amortised.

Taxation

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

and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Development

expenditure is written off in the same year unless the directors are satisfied as to the technical,

commercial and financial viability of individual projects. In this situation, the expenditure is deferred and

amortised over the period from which the company is expected to benefit.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the

director will continue to support the company for at least 12 months from the date of these financial

statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2019 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

39,534

Additions

6,266

At 31 March 2020

45,800

DEPRECIATION

At 1 April 2019

30,943

Charge for year

6,695

At 31 March 2020

37,638

NET BOOK VALUE

At 31 March 2020

8,162

At 31 March 2019

8,591

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

154,414

139,088

Other debtors

123,285

134,114

277,699

273,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

40,307

66,688

Taxation and social security

88,465

73,747

Other creditors

177,984

124,444

306,756

264,879

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

-

327,811