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Registration number: 4582958

Monkey Mosaic Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 December 2023 to 31 May 2024

 

Monkey Mosaic Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 8

 

Monkey Mosaic Limited

Company Information

Director

Mr James Smith

Company secretary

Mrs Emma Smith

Registered office

Knappers Barton Haddons Lane
North Petherton
Bridgwater
Somerset
TA6 6PQ

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Monkey Mosaic Limited

Director's Report for the Period from 1 December 2023 to 31 May 2024

The director presents his report and the financial statements for the period from 1 December 2023 to 31 May 2024.

Director of the company

The director who held office during the period was as follows:

Mr James Smith

Principal activity

The principal activity of the company is business & management consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 20 September 2024 and signed on its behalf by:

.........................................
Mr James Smith
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Monkey Mosaic Limited
for the Period Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Monkey Mosaic Limited for the period ended 31 May 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Monkey Mosaic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Monkey Mosaic Limited. You consider that Monkey Mosaic Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Monkey Mosaic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

20 September 2024

 

Monkey Mosaic Limited

(Registration number: 4582958)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

1,940

1,218

Current assets

 

Cash at bank and in hand

 

19,652

39,442

Creditors: Amounts falling due within one year

(2,091)

(12,522)

Net current assets

 

17,561

26,920

Total assets less current liabilities

 

19,501

28,138

Provisions for liabilities

(368)

(231)

Net assets

 

19,133

27,907

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

19,033

27,807

Shareholders' funds

 

19,133

27,907

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr James Smith
Director

   
     
 

Monkey Mosaic Limited

Statement of Changes in Equity for the Period from 1 December 2023 to 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 December 2023

100

27,807

27,907

Profit for the period

-

1,226

1,226

Dividends

-

(10,000)

(10,000)

At 31 May 2024

100

19,033

19,133

Share capital
£

Retained earnings
£

Total
£

At 1 December 2022

100

50,816

50,916

Profit for the period

-

33,295

33,295

Dividends

-

(56,304)

(56,304)

At 30 November 2023

100

27,807

27,907

 

Monkey Mosaic Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Knappers Barton Haddons Lane
North Petherton
Bridgwater
Somerset
TA6 6PQ
England

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Monkey Mosaic Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Monkey Mosaic Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 May 2024

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100