1 May 2023 false No description of principal activity Taxfiler 2024.5 11940966business:PrivateLimitedCompanyLtd2023-05-012024-04-30 119409662023-04-30 119409662023-05-012024-04-30 11940966business:AuditExemptWithAccountantsReport2023-05-012024-04-30 11940966business:FilletedAccounts2023-05-012024-04-30 119409662024-04-30 11940966business:Director12023-05-012024-04-30 11940966business:RegisteredOffice2023-05-012024-04-30 119409662023-04-30 11940966core:WithinOneYear2024-04-30 11940966core:WithinOneYear2023-04-30 11940966core:AfterOneYear2024-04-30 11940966core:AfterOneYear2023-04-30 11940966core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 11940966core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 11940966core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 11940966core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 11940966core:PreviouslyStatedAmount2024-04-30 11940966core:PreviouslyStatedAmount2023-04-30 11940966business:SmallEntities2023-05-012024-04-30 11940966countries:EnglandWales2023-05-012024-04-30 11940966core:FurnitureFittings2023-05-012024-04-30 11940966core:ComputerEquipment2023-05-012024-04-30 11940966core:FurnitureFittings2023-04-30 11940966core:ComputerEquipment2023-04-30 11940966core:FurnitureFittings2024-04-30 11940966core:ComputerEquipment2024-04-30 119409662022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 11940966 (England and Wales)
Monks Squared Ltd Unaudited accounts for the year ended 30 April 2024
Monks Squared Ltd Unaudited accounts Contents
Page
- 2 -
Monks Squared Ltd Company Information for the year ended 30 April 2024
Director
T N Monks
Company Number
11940966 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
Monks Squared Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
801 
Current assets
Debtors
23,806 
24,757 
Cash at bank and in hand
107 
37 
23,913 
24,794 
Creditors: amounts falling due within one year
(1,812)
(3,019)
Net current assets
22,101 
21,775 
Total assets less current liabilities
22,101 
22,576 
Creditors: amounts falling due after more than one year
(27,500)
(27,500)
Net liabilities
(5,399)
(4,924)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,499)
(5,024)
Shareholders' funds
(5,399)
(4,924)
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2024 and were signed on its behalf by
T N Monks Director Company Registration No. 11940966
- 4 -
Monks Squared Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Monks Squared Ltd is a private company, limited by shares, registered in England and Wales, registration number 11940966. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing value
Computer equipment
20% on reducing value
- 5 -
Monks Squared Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
451 
1,114 
1,565 
Additions
- 
(1,114)
(1,114)
Disposals
(451)
- 
(451)
At 30 April 2024
- 
- 
- 
Depreciation
At 1 May 2023
220 
544 
764 
Charge for the year
46 
114 
160 
On disposals
(266)
(658)
(924)
At 30 April 2024
- 
- 
- 
Net book value
At 30 April 2024
- 
- 
- 
At 30 April 2023
231 
570 
801 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
348 
348 
Other debtors
17,958 
21,909 
18,306 
22,257 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
5,500 
2,500 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
186 
144 
Taxes and social security
58 
1,307 
Other creditors
848 
848 
Accruals
720 
720 
1,812 
3,019 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,500 
27,500 
8
Loans to directors
Included within other debtors is a balance of £11,390(2022: £15,341) due from a director of the company. Interest is being charged on the overdrawn amount.
- 6 -
Monks Squared Ltd Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -