Registered number
10636119
MONTIS CARE LIMITED
Filleted Accounts
28 February 2023
MONTIS CARE LIMITED
Registered number: 10636119
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 15,950
Tangible assets 4 549,276 551,659
549,276 567,609
Current assets
Debtors 5 1,791 -
Cash at bank and in hand 135,741 116,761
137,532 116,761
Creditors: amounts falling due within one year 6 (35,670) (35,766)
Net current assets 101,862 80,995
Total assets less current liabilities 651,138 648,604
Creditors: amounts falling due after more than one year 7 (451,930) (554,885)
Net assets 199,208 93,719
Capital and reserves
Called up share capital 1,200 1,200
Profit and loss account 198,008 92,519
Shareholders' funds 199,208 93,719
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
BIJU JOSEPH
Director
Approved by the board on 11 October 2023
MONTIS CARE LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 87,000
At 28 February 2023 87,000
Amortisation
At 1 March 2022 71,050
Provided during the year 15,950
At 28 February 2023 87,000
Net book value
At 28 February 2023 -
At 28 February 2022 15,950
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 549,276 13,000 562,276
At 28 February 2023 549,276 13,000 562,276
Depreciation
At 1 March 2022 - 10,617 10,617
Charge for the year - 2,383 2,383
At 28 February 2023 - 13,000 13,000
Net book value
At 28 February 2023 549,276 - 549,276
At 28 February 2022 549,276 2,383 551,659
5 Debtors 2023 2022
£ £
Other debtors 1,791 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 32,208 33,426
Other creditors 3,462 2,340
35,670 35,766
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 338,706 382,983
Directors loan account 113,224 171,902
451,930 554,885
8 Other information
MONTIS CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Holmside Hambledon Road
Denmead
Waterlooville
Hampshire
PO7 5PS
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