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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
Page
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Monks Squared Ltd Company Information for the year ended 30 April 2023
Director
T N Monks
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
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Monks Squared Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
801 
1,002 
Current assets
Debtors
24,757 
31,675 
Cash at bank and in hand
37 
28 
24,794 
31,703 
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)
Capital and reserves
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
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Monks Squared Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
At 1 May 2022
162 
401 
563 
Charge for the year
58 
143 
201 
At 30 April 2023
220 
544 
764 
Net book value
At 30 April 2023
231 
570 
801 
At 30 April 2022
289 
713 
1,002 
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Monks Squared Ltd Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
348 
111 
Trade debtors
2,500 
- 
Other debtors
21,909 
31,564 
24,757 
31,675 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
6,126 
Trade creditors
144 
295 
Taxes and social security
1,307 
6,662 
Other creditors
848 
362 
Accruals
720 
900 
3,019 
14,345 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,500 
21,500 
8
Loans to directors
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).
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