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Registered number: 06818815

Monaghan Property Services Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN

Monaghan Property Services Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
Mr S D Monaghan
SECRETARY
Mrs L J Monaghan
REGISTERED OFFICE
Unit 23
Sutherland Street, Swinton
Manchester
Gtr Manchester
M27 6AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06818815
BANKERS
Santander
ACCOUNTANTS
APM Associates Ltd
Accountants
9 Worsley Road
Swinton
Manchester
Gtr Manchester
M27 5WN

Monaghan Property Services Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Monaghan Property Services Ltd

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3119,157113,586
CURRENT ASSETS
Stock3,5003,500
Debtors5236,413153,833
Cash at bank and in hand210,519219,172
450,432376,505
CREDITORS: Amounts falling due within one year6188,874104,256
NET CURRENT ASSETS261,558272,249
TOTAL ASSETS LESS CURRENT LIABILITIES380,715385,835
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account380,713385,833
SHAREHOLDERS' FUNDS380,715385,835
For the year ending 28/02/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/08/2024 and signed on their behalf by
.............................
Mr S D Monaghan
Director

Monaghan Property Services Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 10%
Commercial Vehiclesstraight line 20%
Fixtures and Fittingsstraight line 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees228

Monaghan Property Services Ltd

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/03/202352,004146,23311,716209,953
Additions5,31639,70023345,249
Disposals-(18,458)-(18,458)
At 28/02/202457,320167,47511,949236,744
Depreciation
At 01/03/202323,51166,3836,47396,367
Disposals-(11,058)-(11,058)
For the year4,78125,9051,59232,278
At 28/02/202428,29281,2308,065117,587
Net Book Amounts
At 28/02/202429,02886,2453,884119,157
At 28/02/202328,49379,8505,243113,586
4. STOCK 20242023
££
Stock comprises:
Stock raw materials3,5003,500
3,5003,500
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors200,653140,893
Other debtors2,333767
Prepayments33,42712,173
236,413153,833

Monaghan Property Services Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax11,1907,355
VAT94,64055,834
PAYE control18,87011,463
Directors current account1,2874,153
Trade creditors11,91111,811
Other creditors34,2297,160
Accruals16,7476,480
188,874104,256
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22