BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the sale of stone. 16 August 2024 0 0 7287084 2023-12-31 7287084 2022-12-31 7287084 2021-12-31 7287084 2023-01-01 2023-12-31 7287084 2022-01-01 2022-12-31 7287084 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 7287084 uk-curr:PoundSterling 2023-01-01 2023-12-31 7287084 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 7287084 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 7287084 uk-core:ShareCapital 2023-12-31 7287084 uk-core:ShareCapital 2022-12-31 7287084 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 7287084 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 7287084 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 7287084 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 7287084 uk-bus:FRS102 2023-01-01 2023-12-31 7287084 uk-core:LandBuildings 2023-01-01 2023-12-31 7287084 uk-core:PlantMachinery 2023-01-01 2023-12-31 7287084 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 7287084 uk-core:MotorVehicles 2023-01-01 2023-12-31 7287084 2023-01-01 2023-12-31 7287084 uk-bus:Director1 2023-01-01 2023-12-31 7287084 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 7287084 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
McMonagle Stone UK LTD
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



McMonagle Stone UK LTD
Company Registration Number: 7287084
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 103,667 130,012
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Current Assets
Stocks 75,489 110,923
Debtors 186,744 52,411
Cash and cash equivalents 1,070,683 793,142
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1,332,916 956,476
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Creditors: amounts falling due within one year (940,808) (608,057)
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Net Current Assets 392,108 348,419
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Total Assets less Current Liabilities 495,775 478,431
 
Creditors:
amounts falling due after more than one year (32,777) (35,472)
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Net Assets 462,998 442,959
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Capital and Reserves
Called up share capital 3 3
Retained earnings 462,995 442,956
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Equity attributable to owners of the company 462,998 442,959
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 16 August 2024 and signed on its behalf by
           
           
________________________________          
Daniel Anthony McMonagle          
Director          
           
           
________________________________
Michael McMonagle
Director
           



McMonagle Stone UK LTD
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
McMonagle Stone UK LTD is a privte company limited by shares incorporated in the United Kingdom..The registered number is 7287084. The registered office is at 60 Winsor Avenue, London, SW19 2RR, United Kingdom.
The principal activity is the sale of stone.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 10% Straight line
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 10% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2022 - 3).
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 January 2023 92,583 91,484 2,855 29,983 216,905
Additions - - 3,246 - 3,246
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 92,583 91,484 6,101 29,983 220,151
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 51,963 27,445 1,489 5,996 86,893
Charge for the financial year 9,259 13,723 612 5,997 29,591
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 61,222 41,168 2,101 11,993 116,484
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 31,361 50,316 4,000 17,990 103,667
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2022 40,620 64,039 1,366 23,987 130,012
  ═════════ ═════════ ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2023   2022  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Plant and machinery 50,316 13,723 64,039 13,723
  ═════════ ═════════ ═════════ ═════════
       
5. Share Capital
 
The company has alloted and fully paid up share capital of £3.
 
  2023 2022
  £ £
 
Issued Share Capital 3 3
  ═════════ ═════════