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

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

BETTER WITH MONEY LTD - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 09943881 director 1.9.19 31.3.20 31.3.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure099438812019-08-31099438812020-03-31099438812019-09-012020-03-31099438812018-08-31099438812018-09-012019-08-31099438812019-08-3109943881ns16:EnglandWales2019-09-012020-03-3109943881ns15:PoundSterling2019-09-012020-03-3109943881ns11:Director12019-09-012020-03-3109943881ns11:PrivateLimitedCompanyLtd2019-09-012020-03-3109943881ns11:SmallEntities2019-09-012020-03-3109943881ns11:AuditExemptWithAccountantsReport2019-09-012020-03-3109943881ns11:SmallCompaniesRegimeForDirectorsReport2019-09-012020-03-3109943881ns11:SmallCompaniesRegimeForAccounts2019-09-012020-03-3109943881ns11:FullAccounts2019-09-012020-03-3109943881ns11:RegisteredOffice2019-09-012020-03-3109943881ns6:CurrentFinancialInstruments2020-03-3109943881ns6:CurrentFinancialInstruments2019-08-3109943881ns6:ShareCapital2020-03-3109943881ns6:ShareCapital2019-08-3109943881ns6:RetainedEarningsAccumulatedLosses2020-03-3109943881ns6:RetainedEarningsAccumulatedLosses2019-08-3109943881ns6:PlantMachinery2019-09-012020-03-3109943881ns6:PlantMachinery2019-08-3109943881ns6:PlantMachinery2020-03-3109943881ns6:PlantMachinery2019-08-3109943881ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3109943881ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-08-31
REGISTERED NUMBER: 09943881 (England and Wales)















Unaudited Financial Statements

for the Period 1st September 2019 to 31st March 2020

for

Better With Money Ltd

Better With Money Ltd (Registered number: 09943881)






Contents of the Financial Statements
for the Period 1st September 2019 to 31st March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Better With Money Ltd

Company Information
for the Period 1st September 2019 to 31st March 2020







DIRECTOR: Mrs S M Steel





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 09943881 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA
Page 1
Better With Money Ltd (Registered number: 09943881)

Balance Sheet
31st March 2020

31.3.20 31.8.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,410 19,946

CURRENT ASSETS
Debtors 5 5,210 13,045
Cash at bank 11,552 12,042
16,762 25,087
CREDITORS
Amounts falling due within one year 6 18,036 37,653
NET CURRENT LIABILITIES (1,274 ) (12,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
136
7,380

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36 7,280
136 7,380

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th July 2020 and were signed by:



Mrs S M Steel - Director


The notes form part of these financial statements

Page 2
Better With Money Ltd (Registered number: 09943881)

Notes to the Financial Statements
for the Period 1st September 2019 to 31st March 2020

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.

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.

The director has reviewed the ongoing situation with COVID-19 and she considers it reasonable to prepare the
financial statements on a going concern basis. It is expected that the company's income will continue to be generated
during the course of the pandemic and, therefore, the director has no significant concern as to the company's ability
to continue to trade for the next 12 months.

Revenue recognition
Revenue is measured based upon the sales vale of work performed during the year by reference to the total sales
value and the stage of completion of each contract and excludes Value Added Tax.

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

Taxation
Taxation for the period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2019 - 1 ) .

Page 3 continued...
Better With Money Ltd (Registered number: 09943881)

Notes to the Financial Statements - continued
for the Period 1st September 2019 to 31st March 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2019 24,782
Additions 1,650
Disposals (24,782 )
At 31st March 2020 1,650
DEPRECIATION
At 1st September 2019 4,836
Charge for period 325
Eliminated on disposal (4,921 )
At 31st March 2020 240
NET BOOK VALUE
At 31st March 2020 1,410
At 31st August 2019 19,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.8.19
£    £   
Trade debtors 3,134 11,351
Other debtors 2,076 1,694
5,210 13,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.8.19
£    £   
Payments on account 7,700 -
Trade creditors 864 78
Taxation and social security 3,973 6,706
Other creditors 5,499 30,869
18,036 37,653

Page 4
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Better With Money Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Better With Money Ltd for the period ended 31st March 2020 which comprise the Income Statement, Balance
Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Better With Money Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Better With Money Ltd and state those matters that we have agreed to state to the director of Better With Money Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Better With Money Ltd and its director for our work or for this report.

It is your duty to ensure that Better With Money Ltd 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 profit of Better With Money Ltd. You consider that Better With Money Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Better With Money Ltd. 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


16th July 2020

This page does not form part of the statutory financial statements

Page 5