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REGISTERED NUMBER: 06659043 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Monkmoor Bathrooms Limited

Monkmoor Bathrooms Limited (Registered number: 06659043)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monkmoor Bathrooms Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: P Davies
Mrs L Davies
Miss H F V Goode





REGISTERED OFFICE: 22 Vanguard Way
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3TG





REGISTERED NUMBER: 06659043 (England and Wales)





ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Monkmoor Bathrooms Limited (Registered number: 06659043)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 59,365 7,414

CURRENT ASSETS
Inventories 64,448 68,559
Debtors 5 110,606 300,555
Cash at bank and in hand 306,942 421,026
481,996 790,140
CREDITORS
Amounts falling due within one year 6 249,207 445,036
NET CURRENT ASSETS 232,789 345,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,154

352,518

CREDITORS
Amounts falling due after more than
one year

7

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES (14,841 ) (1,409 )
NET ASSETS 256,480 320,276

CAPITAL AND RESERVES
Called up share capital 10 3
Retained earnings 256,470 320,273
256,480 320,276

Monkmoor Bathrooms Limited (Registered number: 06659043)

Balance Sheet - continued
31 July 2023


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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





P Davies - Director


Monkmoor Bathrooms Limited (Registered number: 06659043)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Monkmoor Bathrooms 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
Revenue 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.
Plant and machinery etc - 20% on reducing balance and 15% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Monkmoor Bathrooms Limited (Registered number: 06659043)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 20,720 8,820 29,540
Additions 4,728 60,198 64,926
At 31 July 2023 25,448 69,018 94,466
DEPRECIATION
At 1 August 2022 13,306 8,820 22,126
Charge for year 2,754 10,221 12,975
At 31 July 2023 16,060 19,041 35,101
NET BOOK VALUE
At 31 July 2023 9,388 49,977 59,365
At 31 July 2022 7,414 - 7,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,158 88,607
Other debtors 11,448 211,948
110,606 300,555

Monkmoor Bathrooms Limited (Registered number: 06659043)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account 19,900 48,784
Trade creditors 130,618 80,733
Taxation and social security 66,953 65,943
Other creditors 21,736 239,576
249,207 445,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,833 30,833

8. RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £11,215 (2022 - £228,697) due to the directors of the company. This balance is repayable on demand. No interest was charged on this balance during the year.

During the year dividends of £87,650 (2022 - £89,628) were paid out by the company and received by the directors.