Registered Number:09637680 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Monart Framers Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Monart Framers Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
841
1,129
2
841
1,129
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
100
100
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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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. |
1 Sotheron Place
London
SW6 2EJ
The presentation currency is £ sterling. |
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
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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For the year ended 30 June 2023
Monart Framers Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,800
2,010
790
146
-
146
936
2,010
2,946
Provision for depreciation and impairment |
1,671
1,026
645
Charge for year
434
358
76
2,105
1,384
721
215
626
841
145
984
1,129
3. Trade and other receivables |
2022
2023
22,516
53,234
4. Trade and other payables: amounts falling due within one year |
2022
2023
9,837
10,523
Taxation and social security |
15,068
31,470
7,218
10,592
32,123
52,585
5. Guarantees and other financial 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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