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REGISTERED NUMBER: SC422619 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Montali Energy Services Ltd

Montali Energy Services Ltd (Registered number: SC422619)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Montali Energy Services Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs S M Montgomery
R G H Montgomery
A D Wilson
D Haig





REGISTERED OFFICE: Douglas Home & Co
47-49 The Square
Kelso
Roxburghshire
TD5 7HW





REGISTERED NUMBER: SC422619 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Montali Energy Services Ltd (Registered number: SC422619)

Statement of Financial Position
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,655 2,351

CURRENT ASSETS
Inventories 3,000 3,000
Debtors 5 140,344 72,974
Cash at bank 196,096 108,295
339,440 184,269
CREDITORS
Amounts falling due within one year 6 162,533 87,448
NET CURRENT ASSETS 176,907 96,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,562

99,172

CREDITORS
Amounts falling due after more than one
year

7

21,667

31,667
NET ASSETS 167,895 67,505

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 167,891 67,501
SHAREHOLDERS' FUNDS 167,895 67,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Montali Energy Services Ltd (Registered number: SC422619)

Statement of Financial Position - continued
30 April 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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





R G H Montgomery - Director


Montali Energy Services Ltd (Registered number: SC422619)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Montali Energy Services Ltd is a private company, limited by shares , registered in Scotland. 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
Revenue 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.
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2022 - 12 ) .

Montali Energy Services Ltd (Registered number: SC422619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 - 4,079 4,079
Additions 11,371 - 11,371
At 30 April 2023 11,371 4,079 15,450
DEPRECIATION
At 1 May 2022 - 1,728 1,728
Charge for year 479 588 1,067
At 30 April 2023 479 2,316 2,795
NET BOOK VALUE
At 30 April 2023 10,892 1,763 12,655
At 30 April 2022 - 2,351 2,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Trade debtors 140,344 69,105
Directors' current accounts - 2,579
VAT - 1,290
140,344 72,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 51,306 26,856
Tax 68,633 34,286
Social security and other taxes 14,195 7,476
VAT 5,218 -
Other creditors 1,674 1,439
Directors' current accounts 621 -
Accrued expenses 10,886 7,391
162,533 87,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/23 30/4/22
£    £   
Bank loans 21,667 31,667