Registered number
11923650
R Monk Kitchens & Bedrooms Ltd
Unaudited Filleted Accounts
30 April 2023
R Monk Kitchens & Bedrooms Ltd
Registered number: 11923650
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 831 737
Current assets
Debtors 4 42,706 34,067
Cash at bank and in hand 964 -
43,670 34,067
Creditors: amounts falling due within one year 5 (37,419) (34,762)
Net current assets/(liabilities) 6,251 (695)
Total assets less current liabilities 7,082 42
Creditors: amounts falling due after more than one year 6 (6,800) -
Net assets 282 42
Capital and reserves
Called up share capital 1 1
Profit and loss account 281 41
Shareholder's funds 282 42
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Monk
Director
Approved by the board on 24 April 2024
R Monk Kitchens & Bedrooms Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 4 years staight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 1,518
Additions 617
At 30 April 2023 2,135
Depreciation
At 1 May 2022 781
Charge for the year 523
At 30 April 2023 1,304
Net book value
At 30 April 2023 831
At 30 April 2022 737
4 Debtors 2023 2022
£ £
Trade debtors 250 16,739
Other debtors 42,456 17,328
42,706 34,067
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,400 14,459
Obligations under finance lease and hire purchase contracts - 181
Taxation and social security costs 27,491 11,671
Other creditors 7,528 8,451
37,419 34,762
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,800 -
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R Monk
Interest free and repayable on demand 13,140 15,370 - 28,510
13,140 15,370 - 28,510
8 Other information
R Monk Kitchens & Bedrooms Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Lacemakers
Chinnor
Oxfordshire
OX39 4TR
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