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

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

MONEYSAVERS LONDON LTD - Company Information

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REGISTERED NUMBER: 03583868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

MONEYSAVERS LONDON LIMITED
TRADING AS
MOTILAL (U.K.) - BOOKS OF INDIA
MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONEYSAVERS LONDON LIMITED
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: R McLennan





SECRETARY: Miss B Doffman





REGISTERED OFFICE: Unit 4, Groundfloor
Sandridge Park
Porters Wood
St Albans
Hertfordshire
AL3 6PH





REGISTERED NUMBER: 03583868 (England and Wales)





ACCOUNTANTS: Newman Morris Limited
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
Page 1
MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,725 17,388
Investments 5 1,844 1,844
21,569 19,232

CURRENT ASSETS
Stocks 282,137 297,637
Debtors 6 224,615 214,957
Cash at bank 447,945 413,406
954,697 926,000
CREDITORS
Amounts falling due within one year 7 (386,376 ) (348,010 )
NET CURRENT ASSETS 568,321 577,990
TOTAL ASSETS LESS CURRENT
LIABILITIES
589,890
597,222

PROVISIONS FOR LIABILITIES (749 ) (876 )
NET ASSETS 589,141 596,346

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 589,140 596,345
589,141 596,346

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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

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MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

BALANCE SHEET - continued
31 DECEMBER 2020


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 28 May 2021 and were signed by:





R McLennan - Director


The notes form part of these financial statements

Page 3
MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


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 9 (2019 - 11 ) .

Page 4
MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 31,097
Additions 8,596
At 31 December 2020 39,693
DEPRECIATION
At 1 January 2020 13,709
Charge for year 6,259
At 31 December 2020 19,968
NET BOOK VALUE
At 31 December 2020 19,725
At 31 December 2019 17,388

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 January 2020
and 31 December 2020 1,844
NET BOOK VALUE
At 31 December 2020 1,844
At 31 December 2019 1,844

6. DEBTORS
2020 2019
£    £   
Amounts falling due within one year:
Trade debtors 198,447 212,554
Other debtors 13,668 2,403
212,115 214,957

Amounts falling due after more than one year:
Other debtors 12,500 -

Aggregate amounts 224,615 214,957

Page 5
MONEYSAVERS LONDON LIMITED (REGISTERED NUMBER: 03583868)
TRADING AS MOTILAL (U.K.) - BOOKS OF INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 1,247 2,350
Trade creditors 67,631 37,177
Amounts owed to group undertakings 275,954 250,934
Taxation and social security 16,674 42,557
Other creditors 24,870 14,992
386,376 348,010

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2020 2019
£    £   
Within one year 34,110 -
Between one and five years 115,120 -
149,230 -

9. GOVERNMENT GRANTS

During the year an amount of £3,064.47 was received through government grants in respects of the coronavirus job retention scheme.

Page 6