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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Monaci Consultancy Limited

Monaci Consultancy Limited (Registered number: 07427027)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Monaci Consultancy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs L Monaci





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 07427027 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Monaci Consultancy Limited (Registered number: 07427027)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 923 380

CURRENT ASSETS
Debtors 5 49,985 253,256
Cash at bank 738,526 364,523
788,511 617,779
CREDITORS
Amounts falling due within one year 6 201,210 99,092
NET CURRENT ASSETS 587,301 518,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,224

519,067

PROVISIONS FOR LIABILITIES 7 175 72
NET ASSETS 588,049 518,995

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 588,048 518,994
SHAREHOLDERS' FUNDS 588,049 518,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





Mrs L Monaci - Director


Monaci Consultancy Limited (Registered number: 07427027)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Monaci Consultancy 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.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Monaci Consultancy Limited (Registered number: 07427027)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 495 1,551 2,046
Additions - 896 896
At 31 March 2023 495 2,447 2,942
DEPRECIATION
At 1 April 2022 271 1,395 1,666
Charge for year 207 146 353
At 31 March 2023 478 1,541 2,019
NET BOOK VALUE
At 31 March 2023 17 906 923
At 31 March 2022 224 156 380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,303 65,160
Directors' current accounts - 165,074
Prepayments 682 772
Accrued Income - 22,250
49,985 253,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3 1
Tax 60,741 68,971
VAT 19,031 11,969
Other creditors 23,646 14,276
Credit card - 1,275
MBNA Feed 1,077 -
Directors' current accounts 94,112 -
Accruals and deferred income 2,600 2,600
201,210 99,092

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 175 72

Deferred
tax
£   
Balance at 1 April 2022 72
Provided during year 103
Balance at 31 March 2023 175

Monaci Consultancy Limited (Registered number: 07427027)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L Monaci.