Company Registration No. 11230773 (England and Wales)
Monmouth Fabrics and Soft Furnishings Ltd
Unaudited accounts
for the year ended 28 February 2023
Monmouth Fabrics and Soft Furnishings Ltd
Unaudited accounts
Contents
Monmouth Fabrics and Soft Furnishings Ltd
Company Information
for the year ended 28 February 2023
Company Number
11230773 (England and Wales)
Registered Office
120 - 122 MONNOW STREET
MONMOUTH
NP25 3EQ
UNITED KINGDOM
Monmouth Fabrics and Soft Furnishings Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,069
4,962
Cash at bank and in hand
20,074
19,897
Creditors: amounts falling due within one year
(17,180)
(27,596)
Net current assets
22,996
9,943
Profit and loss account
27,065
14,905
Shareholders' funds
27,065
14,905
For the year ending 28 February 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 director acknowledges her 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 and authorised for issue on 15 November 2023 and were signed on its behalf by
Beverley Cordy
Director
Company Registration No. 11230773
Monmouth Fabrics and Soft Furnishings Ltd
Notes to the Accounts
for the year ended 28 February 2023
Monmouth Fabrics and Soft Furnishings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11230773. The registered office is 120 - 122 MONNOW STREET, MONMOUTH, NP25 3EQ, UNITED KINGDOM.
2
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:
Fixtures & fittings
18% Reducing Balance
Computer equipment
18% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
4,500
500
516
5,516
At 28 February 2023
4,500
500
516
5,516
At 1 March 2022
-
274
280
554
Charge for the year
810
41
42
893
At 28 February 2023
810
315
322
1,447
At 28 February 2023
3,690
185
194
4,069
At 28 February 2022
4,500
226
236
4,962
Monmouth Fabrics and Soft Furnishings Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
19,802
16,449
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,261
12,586
Taxes and social security
(2,216)
-
Loans from directors
4,500
4,500
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).