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REGISTERED NUMBER: 00926654 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

Mona Precast (Anglesey) Limited

Mona Precast (Anglesey) Limited (Registered number: 00926654)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mona Precast (Anglesey) Limited

Company Information
for the Year Ended 31st January 2023







DIRECTORS: Mr C P Jones
Mr M A Jones
Mr N H Jones





SECRETARY: Mr C P Jones





REGISTERED OFFICE: Gaerwen Industrial Estate
Gaerwen
Anglesey
LL60 6HR





REGISTERED NUMBER: 00926654 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Mona Precast (Anglesey) Limited (Registered number: 00926654)

Balance Sheet
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,736,903 1,817,140

CURRENT ASSETS
Stocks 453,675 393,053
Debtors 5 824,687 815,634
Cash at bank 1,217,664 1,018,859
2,496,026 2,227,546
CREDITORS
Amounts falling due within one year 6 921,849 851,764
NET CURRENT ASSETS 1,574,177 1,375,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,311,080

3,192,922

CREDITORS
Amounts falling due after more than one
year

7

(233,707

)

(243,510

)

PROVISIONS FOR LIABILITIES (228,069 ) (249,689 )
NET ASSETS 2,849,304 2,699,723

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 2,846,304 2,696,723
SHAREHOLDERS' FUNDS 2,849,304 2,699,723

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

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

Mona Precast (Anglesey) Limited (Registered number: 00926654)

Balance Sheet - continued
31st January 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 25th July 2023 and were signed on its behalf by:





Mr C P Jones - Director


Mona Precast (Anglesey) Limited (Registered number: 00926654)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

Mona Precast (Anglesey) 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.

Buildings - 2-4% reducing balance basis
Plant & machinery - 15-33% reducing balance basis
Motor vehicles - 25% reducing balance basis

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.

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.

Mona Precast (Anglesey) Limited (Registered number: 00926654)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2022 551,326 5,680,730 6,232,056
Additions - 287,054 287,054
Disposals - (91,525 ) (91,525 )
At 31st January 2023 551,326 5,876,259 6,427,585
DEPRECIATION
At 1st February 2022 127,707 4,287,209 4,414,916
Charge for year 13,419 348,029 361,448
Eliminated on disposal - (85,682 ) (85,682 )
At 31st January 2023 141,126 4,549,556 4,690,682
NET BOOK VALUE
At 31st January 2023 410,200 1,326,703 1,736,903
At 31st January 2022 423,619 1,393,521 1,817,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 811,864 815,634
Other debtors 12,823 -
824,687 815,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts - 20,000
Hire purchase contracts 117,799 110,132
Trade creditors 588,639 602,234
Taxation and social security 215,413 119,400
Other creditors (2 ) (2 )
921,849 851,764

Mona Precast (Anglesey) Limited (Registered number: 00926654)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 34,007
Hire purchase contracts 233,707 209,503
233,707 243,510

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was inc credit throughout the year.