Registered number
10636119
MONTIS CARE LIMITED
Filleted Accounts
29 February 2024
MONTIS CARE LIMITED
Registered number: 10636119
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 586,614 549,276
Current assets
Debtors 5 34,049 1,791
Cash at bank and in hand 44,428 135,741
78,477 137,532
Creditors: amounts falling due within one year 6 (74,586) (35,670)
Net current assets 3,891 101,862
Total assets less current liabilities 590,505 651,138
Creditors: amounts falling due after more than one year 7 (331,792) (451,930)
Net assets 258,713 199,208
Capital and reserves
Called up share capital 1,200 1,200
Profit and loss account 257,513 198,008
Shareholders' funds 258,713 199,208
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
BIJU JOSEPH
Director
Approved by the board on 6 August 2024
MONTIS CARE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
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 and value added taxes. 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 over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 87,000
At 29 February 2024 87,000
Amortisation
At 1 March 2023 87,000
At 29 February 2024 87,000
Net book value
At 29 February 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 549,276 13,000 562,276
Additions 25,000 15,274 40,274
At 29 February 2024 574,276 28,274 602,550
Depreciation
At 1 March 2023 - 13,000 13,000
Charge for the year - 2,936 2,936
At 29 February 2024 - 15,936 15,936
Net book value
At 29 February 2024 574,276 12,338 586,614
At 28 February 2023 549,276 - 549,276
5 Debtors 2024 2023
£ £
Other debtors 34,049 1,791
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 71,016 32,208
Other creditors 3,570 3,462
74,586 35,670
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 291,033 338,706
Obligations under finance lease and hire purchase contracts 34,722 -
Directors loan account 6,037 113,224
331,792 451,930
8 Other information
MONTIS CARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Holmside Hambledon Road
Denmead
Waterlooville
Hampshire
PO7 5PS
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