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REGISTERED NUMBER: 13375410 (England and Wales)















Monochrome Vehicle Sales Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






Monochrome Vehicle Sales Ltd (Registered number: 13375410)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


Monochrome Vehicle Sales Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: Mr J Bell





REGISTERED OFFICE: 4 Walkley Place
Shipston-on-Stour
Warwickshire
CV36 4FU





REGISTERED NUMBER: 13375410 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Monochrome Vehicle Sales Ltd (Registered number: 13375410)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 389 -

CURRENT ASSETS
Stocks 4,400 44,300
Debtors 5 20,657 13,089
Cash at bank 23,381 13,942
48,438 71,331
CREDITORS
Amounts falling due within one year 6 42,554 55,031
NET CURRENT ASSETS 5,884 16,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,273

16,300

CREDITORS
Amounts falling due after more than one
year

7

2,303

15,201
NET ASSETS 3,970 1,099

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,870 999
3,970 1,099

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

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

The director acknowledges his 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.

Monochrome Vehicle Sales Ltd (Registered number: 13375410)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





Mr J Bell - Director


Monochrome Vehicle Sales Ltd (Registered number: 13375410)

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

1. STATUTORY INFORMATION

Monochrome Vehicle Sales 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.
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 445
At 31 May 2023 445
DEPRECIATION
Charge for year 56
At 31 May 2023 56
NET BOOK VALUE
At 31 May 2023 389

Monochrome Vehicle Sales Ltd (Registered number: 13375410)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,330
Other debtors 20,657 759
20,657 13,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,065 14,064
Trade creditors 19,960 19,094
Taxation and social security 8,529 3,617
Other creditors - 18,256
42,554 55,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,303 15,201

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st May 2023 there was a loan balance of £20,657 owing from the directors to the company.The loan is repayable within 9 months of the year end and interest has not been charged.