IRIS Accounts Production v23.1.5.20 11716039 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117160392022-03-31117160392023-03-31117160392022-04-012023-03-31117160392021-03-31117160392021-04-012022-03-31117160392022-03-3111716039ns15:EnglandWales2022-04-012023-03-3111716039ns14:PoundSterling2022-04-012023-03-3111716039ns10:Director12022-04-012023-03-3111716039ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111716039ns10:SmallEntities2022-04-012023-03-3111716039ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111716039ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111716039ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111716039ns10:FullAccounts2022-04-012023-03-3111716039ns10:RegisteredOffice2022-04-012023-03-3111716039ns5:CurrentFinancialInstruments2023-03-3111716039ns5:CurrentFinancialInstruments2022-03-3111716039ns5:ShareCapital2023-03-3111716039ns5:ShareCapital2022-03-3111716039ns5:RetainedEarningsAccumulatedLosses2023-03-3111716039ns5:RetainedEarningsAccumulatedLosses2022-03-3111716039ns5:PlantMachinery2022-04-012023-03-3111716039ns5:PlantMachinery2022-03-3111716039ns5:PlantMachinery2023-03-3111716039ns5:PlantMachinery2022-03-3111716039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111716039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 11716039 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MONTY ELECTRICS LIMITED

MONTY ELECTRICS LIMITED (REGISTERED NUMBER: 11716039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONTY ELECTRICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P Monfort





REGISTERED OFFICE: 20 St Pauls Close
Tankersley
Barnsley
South Yorkshire
S75 3FL





REGISTERED NUMBER: 11716039 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

MONTY ELECTRICS LIMITED (REGISTERED NUMBER: 11716039)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 503 385

CURRENT ASSETS
Stocks 100 100
Debtors 5 10,400 3,830
Cash at bank 13,186 7,522
23,686 11,452
CREDITORS
Amounts falling due within one year 6 7,673 7,507
NET CURRENT ASSETS 16,013 3,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,516

4,330

CAPITAL AND RESERVES
Called up share capital 20 10
Retained earnings 16,496 4,320
16,516 4,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MONTY ELECTRICS LIMITED (REGISTERED NUMBER: 11716039)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





P Monfort - Director


MONTY ELECTRICS LIMITED (REGISTERED NUMBER: 11716039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Monty Electrics 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.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

MONTY ELECTRICS LIMITED (REGISTERED NUMBER: 11716039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 413
Additions 278
At 31 March 2023 691
DEPRECIATION
At 1 April 2022 28
Charge for year 160
At 31 March 2023 188
NET BOOK VALUE
At 31 March 2023 503
At 31 March 2022 385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 10,400 3,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 817 886
Taxation and social security 5,985 3,401
Other creditors 871 3,220
7,673 7,507

7. ULTIMATE CONTROLLING PARTY

The controlling party is P Monfort.