Registered Number 05246578
MONEYNETINT LTD
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
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.
Turnover policy
The Company generates revenue based on the difference between the exchange rate set by the Company to the business and the rate at which the Company is able to aquire the currency. This foreign exchange revenue is recorded at the time the related money transfer transaction fee revenue is recognised or at the time a customer initiates a transaction through the Company's payment service operations.
Fee Revenue
The Company charges a fee based on the principal amount of the business payment transactions for non-cross-border business payment transactions. Fee revenue is recognised at the transaction date.
Tangible assets depreciation policy
Fixtures, fittings and equipment: 20% / 33 1/3%
£ | |
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 1,142 |
At 31 December 2013 | 1,704 |
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 January 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 December 2014: | £ |
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 January 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 December 2014: | £ |
The amount owed by Y Trif was repaid within 9 months of the year end.