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REGISTERED NUMBER: 05137909 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

MONO CONSTRUCTION LTD

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONO CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Mr C Berry
Mrs D Berry





REGISTERED OFFICE: Meadow Lodge
Rame Cross
PENRYN
Cornwall
TR10 9DX





REGISTERED NUMBER: 05137909 (England and Wales)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 135,000
Tangible assets 5 29,189 26,401
119,189 161,401

CURRENT ASSETS
Stocks 3,500 8,389
Debtors 6 643 392
Cash at bank 13,323 71,197
17,466 79,978
CREDITORS
Amounts falling due within one year 7 270,915 335,281
NET CURRENT LIABILITIES (253,449 ) (255,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(134,260

)

(93,902

)

CREDITORS
Amounts falling due after more than one
year

8

(34,791

)

(39,123

)

PROVISIONS FOR LIABILITIES (5,546 ) (4,689 )
NET LIABILITIES (174,597 ) (137,714 )

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings (175,197 ) (138,314 )
(174,597 ) (137,714 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

BALANCE SHEET - continued
28TH FEBRUARY 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 6th November 2023 and were signed on its behalf by:





Mr C Berry - Director


MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Mono Construction Ltd 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.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% 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.

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 450,000
AMORTISATION
At 1st March 2022 315,000
Charge for year 45,000
At 28th February 2023 360,000
NET BOOK VALUE
At 28th February 2023 90,000
At 28th February 2022 135,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2022 11,482 50,908 62,390
Additions - 10,040 10,040
At 28th February 2023 11,482 60,948 72,430
DEPRECIATION
At 1st March 2022 4,019 31,970 35,989
Charge for year 574 6,678 7,252
At 28th February 2023 4,593 38,648 43,241
NET BOOK VALUE
At 28th February 2023 6,889 22,300 29,189
At 28th February 2022 7,463 18,938 26,401

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 643 392

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 9,132 8,906
Tax 25 25
Social security and other taxes 1,558 1,086
VAT 5,597 1,236
Other creditors 22,300 2,300
Directors' current accounts 229,888 319,337
Accrued expenses 2,415 2,391
270,915 335,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 9,363 9,132
Other loans - 2-5 years 25,428 29,991
34,791 39,123