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REGISTERED NUMBER: 07286431 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MONOW INTERNATIONAL LIMITED

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONOW INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Kamar Ul Islam Khan





REGISTERED OFFICE: 12 Harpenden Road
Wanstead
London
E12 5HJ





REGISTERED NUMBER: 07286431 (England and Wales)





ACCOUNTANTS: Stan Lee Accountancy Ltd
T/A: The Stan Lee
Chartered Certified Accountants
Level 18, 40 Bank Street
Canary Wharf
London
E14 5NR

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 173,694 129,654

CURRENT ASSETS
Debtors 5 71,290 28,649
Investments 6 20,000 100,000
Cash at bank and in hand 374,829 331,086
466,119 459,735
CREDITORS
Amounts falling due within one year 7 129,341 132,814
NET CURRENT ASSETS 336,778 326,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,472

456,575

CREDITORS
Amounts falling due after more than
one year

8

49,009

33,164
NET ASSETS 461,463 423,411

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 461,363 423,311
SHAREHOLDERS' FUNDS 461,463 423,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

BALANCE SHEET - continued
31 DECEMBER 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 21 August 2024 and were signed by:





Kamar Ul Islam Khan - Director


MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Monow International Limited 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 and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company’s principal activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
No material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern have been indentified by the director.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,814 11,949 136,791 34,151 184,705
Additions 141 - 94,645 8,888 103,674
Disposals - - (49,990 ) - (49,990 )
At 31 December 2023 1,955 11,949 181,446 43,039 238,389
DEPRECIATION
At 1 January 2023 262 7,867 35,890 11,032 55,051
Charge for year 240 612 23,323 3,999 28,174
Eliminated on disposal - - (18,530 ) - (18,530 )
At 31 December 2023 502 8,479 40,683 15,031 64,695
NET BOOK VALUE
At 31 December 2023 1,453 3,470 140,763 28,008 173,694
At 31 December 2022 1,552 4,082 100,901 23,119 129,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,287 27,155
Other debtors 50,000 -
VAT 2,003 1,494
71,290 28,649

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 20,000 100,000

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 14,944 6,498
Trade creditors 60,883 86,625
Tax 30,191 14,674
Social security and other taxes 2,773 7,918
Other creditors 738 744
Directors' current accounts 9,812 6,355
129,341 132,814

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 16,667 26,667
Hire purchase contracts 32,342 6,497
49,009 33,164

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loan - BBL 10,000 10,000

Amounts falling due between two and five years:
Bounce Back Loan 16,667 26,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

MONOW INTERNATIONAL LIMITED (REGISTERED NUMBER: 07286431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. RESERVES
Retained
earnings
£   

At 1 January 2023 423,311
Profit for the year 97,052
Dividends (59,000 )
At 31 December 2023 461,363

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the current year and previous years, the Company was under the control of its director, Mr K U I Khan and his family, by the virtue of their ownership of the entire issued share capital of the Company.

At the balance sheet date, the Company owed its director £9,812 (2022 : £6,355). The loan carries no interest and is repayable in full at short notice on demand.

During the financial year, the Company paid the dividends of £59,000 (2022 : £57,200) to it's shareholders.

The Company also has investment in KN Commodities Limited and at the balance sheet date, the amount is that of £20,000 (2022 : £100,000). Mr Khan is one of the directors of KN Commodities Limited.