Company Registration No. 11940966 (England and Wales)
Monks Squared Ltd
Unaudited accounts
for the year ended 30 April 2023
Monks Squared Ltd
Unaudited accounts
Contents
Monks Squared Ltd
Company Information
for the year ended 30 April 2023
Company Number
11940966 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Monks Squared Ltd
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
37
28
Creditors: amounts falling due within one year
(3,019)
(14,345)
Net current assets
21,775
17,358
Total assets less current liabilities
22,576
18,360
Creditors: amounts falling due after more than one year
(27,500)
(21,500)
Net liabilities
(4,924)
(3,140)
Called up share capital
100
100
Profit and loss account
(5,024)
(3,240)
Shareholders' funds
(4,924)
(3,140)
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 16 January 2024 and were signed on its behalf by
T N Monks
Director
Company Registration No. 11940966
Monks Squared Ltd
Notes to the Accounts
for the year ended 30 April 2023
Monks Squared Ltd is a private company, limited by shares, registered in England and Wales, registration number 11940966. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
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 remained unchanged from the previous year, and also 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% on reducing value
Computer equipment
20% on reducing value
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
451
1,114
1,565
At 30 April 2023
451
1,114
1,565
Charge for the year
58
143
201
At 30 April 2023
220
544
764
At 30 April 2023
231
570
801
At 30 April 2022
289
713
1,002
Monks Squared Ltd
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Other debtors
21,909
31,564
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
6,126
Taxes and social security
1,307
6,662
7
Creditors: amounts falling due after more than one year
2023
2022
Included within other debtors is a balance of £15,342 (2022: £24,997) due from a director of the company. Interest is being charged on the overdrawn amount.
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).