Company registration number 09938153 (England and Wales)
MON PROMOTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
MON PROMOTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MON PROMOTIONS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
568
758
Current assets
Debtors
4
870
943
Cash at bank and in hand
370,436
399,561
371,306
400,504
Creditors: amounts falling due within one year
5
(8,932)
(19,124)
Net current assets
362,374
381,380
Net assets
362,942
382,138
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
362,842
382,038
Total equity
362,942
382,138

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
Mr M A O'Neill
Director
Company registration number 09938153 (England and Wales)
MON PROMOTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

MON Promotions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9PX.

1.1
Accounting convention

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MON PROMOTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 3 -
1.6
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

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 bit 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.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
MON PROMOTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
3
Tangible fixed assets
Computers
£
Cost
At 1 February 2022 and 31 January 2023
1,506
Depreciation and impairment
At 1 February 2022
748
Depreciation charged in the year
190
At 31 January 2023
938
Carrying amount
At 31 January 2023
568
At 31 January 2022
758
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
482
555
Other debtors
388
388
870
943
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
613
1,477
Other creditors
7,442
17,034
Accruals and deferred income
877
613
8,932
19,124
2023-01-312022-02-01false24 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr M A O'NeillB O'Neillfalse099381532022-02-012023-01-31099381532023-01-31099381532022-01-3109938153core:ComputerEquipment2023-01-3109938153core:ComputerEquipment2022-01-3109938153core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3109938153core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3109938153core:CurrentFinancialInstruments2023-01-3109938153core:CurrentFinancialInstruments2022-01-3109938153core:ShareCapital2023-01-3109938153core:ShareCapital2022-01-3109938153core:RetainedEarningsAccumulatedLosses2023-01-3109938153core:RetainedEarningsAccumulatedLosses2022-01-3109938153bus:Director12022-02-012023-01-3109938153core:ComputerEquipment2022-02-012023-01-31099381532021-02-012022-01-3109938153core:ComputerEquipment2022-01-3109938153bus:PrivateLimitedCompanyLtd2022-02-012023-01-3109938153bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3109938153bus:FRS1022022-02-012023-01-3109938153bus:AuditExemptWithAccountantsReport2022-02-012023-01-3109938153bus:Director22022-02-012023-01-3109938153bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP