Abbreviated Company Accounts - MONEY2U LIMITED

Abbreviated Company Accounts - MONEY2U LIMITED

MONEY2U LIMITED - Company Information

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Registered Number 05294560

MONEY2U LIMITED

Abbreviated Accounts

28 November 2015

MONEY2U LIMITED Registered Number 05294560

Abbreviated Balance Sheet as at 28 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,152 1,602
1,152 1,602
Current assets
Debtors 85,984 85,983
Cash at bank and in hand 8,588 8,613
94,572 94,596
Creditors: amounts falling due within one year (78,293) (95,881)
Net current assets (liabilities) 16,279 (1,285)
Total assets less current liabilities 17,431 317
Total net assets (liabilities) 17,431 317
Capital and reserves
Called up share capital 2 2
Profit and loss account 17,429 315
Shareholders' funds 17,431 317
  • For the year ending 28 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 November 2016

And signed on their behalf by:
Mr J Chapman, Director

MONEY2U LIMITED Registered Number 05294560

Notes to the Abbreviated Accounts for the period ended 28 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of commissions received and training done, net of value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures and fittings - 25% reducing balance
Equipment - 25% straight line

2Tangible fixed assets
£
Cost
At 1 December 2014 6,048
Additions 468
Disposals -
Revaluations -
Transfers -
At 28 November 2015 6,516
Depreciation
At 1 December 2014 4,446
Charge for the year 918
On disposals -
At 28 November 2015 5,364
Net book values
At 28 November 2015 1,152
At 30 November 2014 1,602