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REGISTERED NUMBER: 00862592 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MONTGOMERY (ENGRAVERS) LIMITED

MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)






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


MONTGOMERY (ENGRAVERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Anthony Peter Montgomery
Valerie Ruth Gail Hutchinson





SECRETARY: Anthony Peter Montgomery





REGISTERED OFFICE: Red Doles Road
Fartown
Huddersfield
West Yorkshire
HD2 1AT





REGISTERED NUMBER: 00862592 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,843 35,333

CURRENT ASSETS
Stocks 58,333 63,706
Debtors 5 116,831 131,948
Cash at bank 26,483 14,226
201,647 209,880
CREDITORS
Amounts falling due within one year 6 148,839 143,891
NET CURRENT ASSETS 52,808 65,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,651

101,322

CREDITORS
Amounts falling due after more than
one year

7

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (943 ) (1,378 )
NET ASSETS 67,208 72,444

CAPITAL AND RESERVES
Called up share capital 3,860 3,860
Capital redemption reserve 1,135 1,135
Other reserves 346 346
Profit and loss account 61,867 67,103
SHAREHOLDERS' FUNDS 67,208 72,444

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 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.

MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:




Valerie Ruth Gail Hutchinson - Director



Anthony Peter Montgomery - Director


MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)

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

1. STATUTORY INFORMATION

Montgomery (Engravers) 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, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost

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 Profit and Loss Account, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)

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

2. ACCOUNTING POLICIES - continued

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.

INCOME RECOGNITION
Income is recognised when goods and services have been completed such that the risks and rewards of ownership have transferred to them.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue cost, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 157,382 234,175 66,151 457,708
DEPRECIATION
At 1 January 2023 130,486 228,151 63,738 422,375
Charge for year 288 1,070 1,132 2,490
At 31 December 2023 130,774 229,221 64,870 424,865
NET BOOK VALUE
At 31 December 2023 26,608 4,954 1,281 32,843
At 31 December 2022 26,896 6,024 2,413 35,333

Included in cost of land and buildings is freehold land of £ 22,000 (2022 - £ 22,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,261 127,110
Other debtors 4,570 4,838
116,831 131,948

MONTGOMERY (ENGRAVERS) LIMITED (REGISTERED NUMBER: 00862592)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 52,567 58,382
Trade creditors 50,041 45,667
Taxation and social security 32,814 24,767
Other creditors 13,417 15,075
148,839 143,891

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,500 27,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 42,567 48,382
Bank loans 27,500 37,500
70,067 85,882

The bank overdraft is secured by a charge on the company's assets.

The bank loan is a coronavirus business interruption loan which has government backed security.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £18,951 (2022: £18,463). Contributions totalling £282 (2022: £277) were payable to the fund at the year end and are included in creditors.

10. RELATED PARTY DISCLOSURES

Mrs V R G Hutchinson and Mr A P Montgomery have control over a majority of shares in the company, and together with their involvement in its day to day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Included in creditors are the following director loan account balances: Mr A P Mongomery £2,564 (2022: 3,534) and Mrs V R G Hutchinson £1,125 (2022: 450).