MONEY_TRADERS_(SS)_LIMITE - Accounts

MONEY TRADERS (SS) LIMITED - Company Information

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Company Registration No. 09256538 (England and Wales)

MONEY TRADERS (SS) LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2015

MONEY TRADERS (SS) LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

MONEY TRADERS (SS) LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONEY TRADERS (SS) LIMITED FOR THE PERIOD ENDED 31 OCTOBER 2015

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Money Traders (SS) Limited for the Period ended 31 October 2015 set out on pages 2 to 4 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Money Traders (SS) Limited, as a body, in accordance with the terms of our engagement letter dated 22 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Money Traders (SS) Limited and state those matters that we have agreed to state to the Board of Directors of Money Traders (SS) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Money Traders (SS) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Money Traders (SS) Limited 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 Money Traders (SS) Limited. You consider that Money Traders (SS) Limited 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 Money Traders (SS) Limited. 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.

Moore and Smalley LLP

Chartered Accountants

Fylde House

Skyways Commercial Campus

Amy Johnson Way

Blackpool

FY4 3RS

8 July 2016

MONEY TRADERS (SS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 2 -

2015

Notes

Fixed assets

Intangible assets

108,000

Tangible assets

4,500

112,500

Current assets

Stocks

71,296

Debtors

3,996

Cash at bank and in hand

26,726

102,018

Creditors: amounts falling due within one year

(203,022)

Net current liabilities

(101,004)

Total assets less current liabilities

11,496

Provisions for liabilities

(589)

10,907

Capital and reserves

Called up share capital

200

Profit and loss account

10,707

Shareholders' funds

10,907

For the financial Period ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 July 2016

Mr R Gaskin

Director

Company Registration No. 09256538

MONEY TRADERS (SS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts relating to pawn broking of electrical items, jewellery etc.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Reducing balance

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MONEY TRADERS (SS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 OCTOBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 9 October 2014

Additions

120,000

6,000

126,000

At 31 October 2015

120,000

6,000

126,000

Depreciation

At 9 October 2014

Charge for the period

12,000

1,500

13,500

At 31 October 2015

12,000

1,500

13,500

Net book value

At 31 October 2015

108,000

4,500

112,500

Share capital

2015

Allotted, called up and fully paid

150 Ordinary 'A' shares of £1 each

150

25 Ordinary 'B' shares of £1 each

25 Ordinary 'C' shares of £1 each

200