Company Registration No. 4043613 (England and Wales)
MONKFOS FEED SYSTEMS LIMITED
Unaudited accounts
for the year ended 31 August 2023
MONKFOS FEED SYSTEMS LIMITED
Unaudited accounts
Contents
MONKFOS FEED SYSTEMS LIMITED
Company Information
for the year ended 31 August 2023
Directors
Mr F G Monkman
Ms D Moss
Company Number
4043613 (England and Wales)
Registered Office
BREW FIELD
MAIN ROAD, BURTON PIDSEA
HULL
NORTH HUMBERSIDE
HU12 9AX
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
MONKFOS FEED SYSTEMS LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
1,953
2,575
Cash at bank and in hand
188,928
196,635
Creditors: amounts falling due within one year
(74,406)
(92,207)
Net current assets
150,389
149,321
Total assets less current liabilities
152,342
151,896
Provisions for liabilities
Net assets
151,971
151,407
Called up share capital
150
150
Profit and loss account
151,821
151,257
Shareholders' funds
151,971
151,407
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by
Mr F G Monkman
Director
Company Registration No. 4043613
MONKFOS FEED SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 August 2023
MONKFOS FEED SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4043613. The registered office is BREW FIELD, MAIN ROAD, BURTON PIDSEA, HULL, NORTH HUMBERSIDE, HU12 9AX.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on a reducing balance
Motor vehicles
25% on a reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
23,764
11,000
34,764
At 31 August 2023
23,764
11,000
34,764
At 1 September 2022
23,315
8,874
32,189
Charge for the year
90
532
622
At 31 August 2023
23,405
9,406
32,811
At 31 August 2023
359
1,594
1,953
At 31 August 2022
449
2,126
2,575
MONKFOS FEED SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
10,087
23,872
Accrued income and prepayments
2,195
2,050
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,006
6,675
Taxes and social security
5,079
6,318
Other creditors
16,255
24,978
Loans from directors
49,279
48,388
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Average number of employees
During the year the average number of employees was 2 (2022: 2).