Demoney Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06824282 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Demoney Management Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E L Bedford

Mrs C Bedford

REGISTERED OFFICE:

30 Hillwood Grove

Hutton

Brentwood

Essex

CM13 2PD

REGISTERED NUMBER:

06824282 (England and Wales)

ACCOUNTANTS:

DansonOsborne Accountants

Chartered Certified Accountants

Aishling House

6a Hayes Road

Deanshanger

Milton Keynes

Buckinghamshire

MK19 6HW

FIXED ASSETS

Tangible assets

4

18,488

16,225

Investments

5

1

1

18,489

16,226

CURRENT ASSETS

Debtors

12,946

16,396

Cash at bank

107,308

125,268

120,254

141,664

CREDITORS

Amounts falling due within one year

8,615

28,010

NET CURRENT ASSETS

111,639

113,654

TOTAL ASSETS LESS CURRENT LIABILITIES

130,128

129,880

CAPITAL AND RESERVES

Called up share capital

6

1,003

1,003

Retained earnings

129,125

128,877

SHAREHOLDERS' FUNDS

130,128

129,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2023 and were signed on its behalf by:

Mr E L Bedford - Director

1.	STATUTORY INFORMATION

Demoney Management 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2022

28,108

Additions

7,180

Disposals

(479

)

At 28 February 2023

34,809

DEPRECIATION

At 1 March 2022

11,883

Charge for year

4,659

Eliminated on disposal

(221

)

At 28 February 2023

16,321

NET BOOK VALUE

At 28 February 2023

18,488

At 28 February 2022

16,225

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 March 2022

and 28 February 2023

1

NET BOOK VALUE

At 28 February 2023

1

At 28 February 2022

1

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.23

28.2.22

value:

£

£

1,000

Ordinary shares

1.00

1,000

1,000

1

Ordinary A

1.00

1

1

1

Ordinary B

1.00

1

1

1,002

1,002

1 Ordinary C share with a nominal value of £1.00 has been issued and fully paid.