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REGISTERED NUMBER: 05190510 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Monolithic Environmental Services Ltd

Monolithic Environmental Services Ltd (Registered number: 05190510)






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


Monolithic Environmental Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr C Sheppard
Mr A J Sheppard
Mr C A Avery





SECRETARY: Mr A J Sheppard





REGISTERED OFFICE: Drummau Farm
Drummau Road
Skewen
NEATH
SA10 6NW





REGISTERED NUMBER: 05190510 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Monolithic Environmental Services Ltd (Registered number: 05190510)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,091 40,543

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 608,468 473,903
Cash at bank 256,918 422,088
890,386 920,991
CREDITORS
Amounts falling due within one year 6 266,881 257,034
NET CURRENT ASSETS 623,505 663,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,596

704,500

CREDITORS
Amounts falling due after more than one
year

7

(19,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (5,907 ) (7,703 )
NET ASSETS 629,522 667,630

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 629,422 667,530
SHAREHOLDERS' FUNDS 629,522 667,630

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.

Monolithic Environmental Services Ltd (Registered number: 05190510)

Balance Sheet - continued
31 July 2023


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 4 March 2024 and were signed on its behalf by:





Mr C Sheppard - Director


Monolithic Environmental Services Ltd (Registered number: 05190510)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Monolithic Environmental Services Ltd 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
Turnover 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 - 20% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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.

Monolithic Environmental Services Ltd (Registered number: 05190510)

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 20 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 70,034 1,506 22,956 9,262 103,758
Additions 320 - - 897 1,217
Disposals (13,100 ) - - (2,232 ) (15,332 )
At 31 July 2023 57,254 1,506 22,956 7,927 89,643
DEPRECIATION
At 1 August 2022 42,272 1,327 12,999 6,617 63,215
Charge for year 5,212 98 1,991 1,334 8,635
Eliminated on disposal (11,077 ) - - (2,221 ) (13,298 )
At 31 July 2023 36,407 1,425 14,990 5,730 58,552
NET BOOK VALUE
At 31 July 2023 20,847 81 7,966 2,197 31,091
At 31 July 2022 27,762 179 9,957 2,645 40,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 335,065 375,265
Amounts recoverable on contracts 119,703 49,660
Other debtors 100 16,143
Intercompany 140,000 20,000
Directors' current accounts - 437
Prepayments 13,600 12,398
608,468 473,903

Monolithic Environmental Services Ltd (Registered number: 05190510)

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
Trade creditors 112,938 80,178
Intercompany - 15,444
Social security and other taxes 21,642 22,645
VAT 16,542 41,585
Other creditors 88,753 79,489
Directors' current accounts 9,163 -
Accrued expenses 7,843 7,693
266,881 257,034

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 19,167 29,167

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr C A Avery
Balance outstanding at start of year 438 438
Amounts repaid (438 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 438

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the directors .

Monolithic Environmental Services Ltd (Registered number: 05190510)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES - continued

Assistmost Enterprises Ltd

Mr C Sheppard and Mr A Sheppard are also directors and shareholders of this company.

As at 31 July 2023 there was a balance of £120,000 (2022 - £15,444 due from) due from Assistmost Enterprises Ltd.

During the year the company made net purchases from Assistmost Enterprises Ltd totalling £100,890 (2022 - £159,940). A balance of £20,472 (2022 - £10,236) was owing to Assistmost Enterprises Ltd at the year end.

Monolithic Refractories Ltd

Mr C Sheppard is a director of this company and Mr A Sheppard is a shareholder of this company.

During the year the company made net purchases from Monolithic Refractories Ltd totalling £14,116 (2022- £24,609) and net sales to Monolithic Refractories Ltd of £101,896 (2021 - £69,278). A net balance of £6,968 (2022 - £6,204) was due from Monolithic Refractories Ltd at the year end.

Glyn Clydach Hotel Ltd

Mr A Sheppard is also a director and shareholder of this company.

During the year the company made net rental payments to the Glyn Clydach Hotel Ltd totalling £22,520 (2022- £13,990). A balance of £4,650 (2022- £3,738) was owing to Glyn Clydach Hotel Ltd at the year end.

As at 31 July 2023 there was £20,000 (2022 - £20,000) due from the Glyn Clydach Hotel Ltd.

Mr C Avery (director)

At 1 August 2022 a balance of £438 was due from Mr C Avery. During the period the director repaid this balance and advanced the company a further £2,763. This balance was outstanding at the year end.

Mr C Sheppard (director)

As 31 July 2023 a balance of £6,400 (2022: Nil) was due to Mr C Sheppard.