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REGISTERED NUMBER: 05137909 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MONO CONSTRUCTION LTD

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONO CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr C Berry
Mrs D Berry





REGISTERED OFFICE: Meadow Lodge
Rame Cross
PENRYN
Cornwall
TR10 9DX





REGISTERED NUMBER: 05137909 (England and Wales)





ACCOUNTANTS: TC Group
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 90,000
Tangible assets 5 30,593 29,189
75,593 119,189

CURRENT ASSETS
Stocks 6,000 3,500
Debtors 6 24,954 643
Cash at bank 1,860 13,323
32,814 17,466
CREDITORS
Amounts falling due within one year 7 279,546 270,915
NET CURRENT LIABILITIES (246,732 ) (253,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(171,139

)

(134,260

)

CREDITORS
Amounts falling due after more than one
year

8

(30,748

)

(34,791

)

PROVISIONS FOR LIABILITIES (6,627 ) (5,546 )
NET LIABILITIES (208,514 ) (174,597 )

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings (209,114 ) (175,197 )
(208,514 ) (174,597 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr C Berry - Director


MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Mono Construction 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.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 450,000
AMORTISATION
At 1 March 2023 360,000
Charge for year 45,000
At 29 February 2024 405,000
NET BOOK VALUE
At 29 February 2024 45,000
At 28 February 2023 90,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 11,482 60,948 72,430
Additions - 10,496 10,496
At 29 February 2024 11,482 71,444 82,926
DEPRECIATION
At 1 March 2023 4,593 38,648 43,241
Charge for year 574 8,518 9,092
At 29 February 2024 5,167 47,166 52,333
NET BOOK VALUE
At 29 February 2024 6,315 24,278 30,593
At 28 February 2023 6,889 22,300 29,189

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,014 -
Other debtors 17,940 643
24,954 643

MONO CONSTRUCTION LTD (REGISTERED NUMBER: 05137909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 9,363 9,132
Trade creditors 578 -
Tax 734 25
Social security and other taxes - 1,558
VAT - 5,597
Other creditors 30,043 22,300
Directors' current accounts 236,410 229,888
Accrued expenses 2,418 2,415
279,546 270,915

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 9,599 9,363
Other loans - 2-5 years 21,149 25,428
30,748 34,791