2022-07-01 09637680 2023-06-30 09637680 2022-07-01 2023-06-30 09637680 2022-06-30 09637680 2021-07-01 2022-06-30 09637680 uk-core:WithinOneYear 2022-06-30 09637680 uk-core:WithinOneYear 2023-06-30 09637680 uk-core:ShareCapital 2023-06-30 09637680 uk-core:ShareCapital 2022-06-30 09637680 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 09637680 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 09637680 uk-bus:Director1 2022-07-01 2023-06-30 09637680 uk-core:PlantMachinery uk-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09637680 uk-core:ComputerEquipment uk-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09637680 uk-core:ComputerEquipment uk-core:OwnedOrFreeholdAssets 2022-06-30 09637680 uk-core:PlantMachinery uk-core:OwnedOrFreeholdAssets 2022-06-30 09637680 uk-core:PlantMachinery uk-core:OwnedOrFreeholdAssets 2023-06-30 09637680 uk-core:ComputerEquipment uk-core:OwnedOrFreeholdAssets 2023-06-30 iso4217:GBP xbrli:pure 09637680 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09637680 uk-bus:FRS102 2022-07-01 2023-06-30 09637680 uk-bus:FullAccounts 2022-07-01 2023-06-30 09637680 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
Monart Framers Limited
Registered Number:09637680
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Monart Framers Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09637680
As at 30 June 2023
Monart Framers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
841
1,129
2
841
1,129
Current assets
Trade and other receivables
53,234
22,516
3
81,184
Cash and cash equivalents
91,923
114,439
134,418
Trade and other payables: amounts falling due within one
year
(52,585)
(32,123)
4
81,833
82,316
Net current assets
Total assets less current liabilities
83,157
82,962
83,157
Net assets
82,962
Capital and reserves
Called up share capital
100
100
Retained earnings
83,057
82,862
83,157
82,962
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Maria Montserrat Riera Palop Director
These financial statements were approved and authorised for issue by the Board on 24 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
Monart Framers Limited
Notes to the Financial Statements
Statutory Information
Monart Framers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09637680.
Registered address:
1 Sotheron Place
London
SW6 2EJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
33.33% Straight line
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Going Concern
The financial statements have been prepared on a going concern basis as the director is satisfied that the company
is in a position to meet its liabilities as they fall due for the foreseeable future.
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5
For the year ended 30 June 2023
Monart Framers Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2022
2,800
2,010
790
146
-
146
Additions
At 30 June 2023
936
2,010
2,946
Provision for depreciation and impairment
At 01 July 2022
1,671
1,026
645
Charge for year
434
358
76
At 30 June 2023
2,105
1,384
721
At 30 June 2023
Net book value
215
626
841
At 30 June 2022
145
984
1,129
3. Trade and other receivables
2022
2023
£
£
Trade debtors
22,516
53,234
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
9,837
10,523
Taxation and social security
15,068
31,470
Other creditors
7,218
10,592
32,123
52,585
5. Guarantees and other financial commitments
Lease commitments
At 30 June 2023 the company had total commitments under operating leases of £35,000 (2022 - £35,000).
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1).
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