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REGISTERED NUMBER: 03293973 (England and Wales)















Monroe Brothers Ltd.

Unaudited Financial Statements

for the Year Ended 31 December 2021






Monroe Brothers Ltd. (Registered number: 03293973)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Monroe Brothers Ltd.

Company Information
for the year ended 31 December 2021







DIRECTORS: Mrs A F Monroe
Mr C M Monroe





SECRETARY: Mrs A F Monroe





REGISTERED OFFICE: Redesdale House
Bourton On The Hill
Moreton In Marsh
Gloucestershire
GL56 9AQ





REGISTERED NUMBER: 03293973 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Monroe Brothers Ltd. (Registered number: 03293973)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,698 558

CURRENT ASSETS
Stocks 23,354 -
Cash at bank 31,453 19,392
54,807 19,392
CREDITORS
Amounts falling due within one year 5 44,226 17,434
NET CURRENT ASSETS 10,581 1,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,279

2,516

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,277 2,514
12,279 2,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:




Mr C M Monroe - Director


Monroe Brothers Ltd. (Registered number: 03293973)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Monroe Brothers Ltd. 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 - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 2 (2020 - 2 ) .

Monroe Brothers Ltd. (Registered number: 03293973)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2021 2,261 1,358 3,619
Additions 1,204 289 1,493
At 31 December 2021 3,465 1,647 5,112
DEPRECIATION
At 1 January 2021 2,260 801 3,061
Charge for year 222 131 353
At 31 December 2021 2,482 932 3,414
NET BOOK VALUE
At 31 December 2021 983 715 1,698
At 31 December 2020 1 557 558

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 376 61
Taxation and social security 11,790 15,294
Other creditors 32,060 2,079
44,226 17,434