Acorah Software Products - Accounts Production 15.0.600 false true false 5 July 2023 31 March 2024 31 March 2024 14981390 Mr T W Coleman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14981390 2023-07-04 14981390 2024-03-31 14981390 2023-07-05 2024-03-31 14981390 frs-core:CurrentFinancialInstruments 2024-03-31 14981390 frs-core:Non-currentFinancialInstruments 2024-03-31 14981390 frs-core:BetweenOneFiveYears 2024-03-31 14981390 frs-core:ComputerEquipment 2024-03-31 14981390 frs-core:ComputerEquipment 2023-07-05 2024-03-31 14981390 frs-core:ComputerEquipment 2023-07-04 14981390 frs-core:FurnitureFittings 2024-03-31 14981390 frs-core:FurnitureFittings 2023-07-05 2024-03-31 14981390 frs-core:FurnitureFittings 2023-07-04 14981390 frs-core:NetGoodwill 2024-03-31 14981390 frs-core:NetGoodwill 2023-07-05 2024-03-31 14981390 frs-core:NetGoodwill 2023-07-04 14981390 frs-core:MotorVehicles 2024-03-31 14981390 frs-core:MotorVehicles 2023-07-05 2024-03-31 14981390 frs-core:MotorVehicles 2023-07-04 14981390 frs-core:PlantMachinery 2024-03-31 14981390 frs-core:PlantMachinery 2023-07-05 2024-03-31 14981390 frs-core:PlantMachinery 2023-07-04 14981390 frs-core:WithinOneYear 2024-03-31 14981390 frs-core:ShareCapital 2024-03-31 14981390 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14981390 frs-bus:PrivateLimitedCompanyLtd 2023-07-05 2024-03-31 14981390 frs-bus:FilletedAccounts 2023-07-05 2024-03-31 14981390 frs-bus:SmallEntities 2023-07-05 2024-03-31 14981390 frs-bus:AuditExempt-NoAccountantsReport 2023-07-05 2024-03-31 14981390 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-05 2024-03-31 14981390 frs-bus:Director1 2023-07-05 2024-03-31 14981390 frs-countries:EnglandWales 2023-07-05 2024-03-31
Registered number: 14981390
Monkeywood Limited
Unaudited Financial Statements
For the Period 5 July 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14981390
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 4,800
Tangible Assets 5 151,148
155,948
CURRENT ASSETS
Stocks 6 45,000
Cash at bank and in hand 31,145
76,145
Creditors: Amounts Falling Due Within One Year 7 (152,461 )
NET CURRENT ASSETS (LIABILITIES) (76,316 )
TOTAL ASSETS LESS CURRENT LIABILITIES 79,632
Creditors: Amounts Falling Due After More Than One Year 8 (59,340 )
NET ASSETS 20,292
CAPITAL AND RESERVES
Called up share capital 10 100
Profit and Loss Account 20,192
SHAREHOLDERS' FUNDS 20,292
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T W Coleman
Director
09/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monkeywood Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14981390 . The registered office is Unit 10 Manor Park, Banbury, OX16 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 3 years on straight line
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6
6
4. Intangible Assets
Goodwill
£
Cost
As at 5 July 2023 -
Additions 6,000
As at 31 March 2024 6,000
Amortisation
As at 5 July 2023 -
Provided during the period 1,200
As at 31 March 2024 1,200
Net Book Value
As at 31 March 2024 4,800
As at 5 July 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 5 July 2023 - - - - -
Additions 99,116 17,076 47,504 4,586 168,282
As at 31 March 2024 99,116 17,076 47,504 4,586 168,282
Depreciation
As at 5 July 2023 - - - - -
Provided during the period 9,912 1,708 4,750 764 17,134
As at 31 March 2024 9,912 1,708 4,750 764 17,134
Net Book Value
As at 31 March 2024 89,204 15,368 42,754 3,822 151,148
As at 5 July 2023 - - - - -
6. Stocks
31 March 2024
£
Stock 45,000
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Net obligations under finance lease and hire purchase contracts 17,392
Trade creditors 44,547
Bank loans and overdrafts 17,043
Other creditors 67,124
Taxation and social security 6,355
152,461
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Net obligations under finance lease and hire purchase contracts 29,845
Bank loans 29,495
59,340
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9. Obligations Under Finance Leases and Hire Purchase
31 March 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 17,392
Later than one year and not later than five years 29,845
47,237
47,237
10. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
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