Company Registration No. 14587341 (England and Wales)
Monch Watch Company Ltd
Unaudited accounts
for the period from 12 January 2023 to 31 January 2024
Monch Watch Company Ltd
Unaudited accounts
Contents
Monch Watch Company Ltd
Company Information
for the period from 12 January 2023 to 31 January 2024
Directors
Jonathan Beattie
Alastair Watts
Company Number
14587341 (England and Wales)
Registered Office
International House
10 Beaufort Court, Admirals Way
London
E14 9XL
United Kingdom
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Monch Watch Company Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
12,113
Creditors: amounts falling due within one year
(15,554)
Profit and loss account
3,931
For the period ending 31 January 2024 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 3 April 2024 and were signed on its behalf by
Alastair Watts
Director
Company Registration No. 14587341
Monch Watch Company Ltd
Notes to the Accounts
for the period from 12 January 2023 to 31 January 2024
Monch Watch Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 14587341. The registered office is International House, 10 Beaufort Court, Admirals Way , London, E14 9XL, United Kingdom.
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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 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Computer equipment
25% Reducing Balance Method
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Tangible fixed assets
Computer equipment
Monch Watch Company Ltd
Notes to the Accounts
for the period from 12 January 2023 to 31 January 2024
5
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
810
Taxes and social security
2,232
Loans from directors
8,504
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Average number of employees
During the period the average number of employees was 2.