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Registration number: 02641435

Monitor Services Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 31 December 2023

 

Monitor Services Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Consolidated Profit and Loss Account

4

Consolidated Balance Sheet

5 to 6

Balance Sheet

7

Notes to the Financial Statements

8 to 21

 

Monitor Services Limited

Company Information

Chairman

Mr Angus Henry

Chief executive

Mr Angus Henry

Director

Mr Clive Pyzer

Company secretary

Mr Clive Pyzer

Registered office

3b Robins Wharf
Grove Road
Northfleet
Kent
DA11 9AX

Accountants

Alexander Broad Lowe
Chartered Certified Accountants
3 Masons Field
Mannings Heath
Horsham
Sussex
RH13 6JP

 

Monitor Services Limited

Director's Report for the Year Ended 31 December 2023

The director presents his report and the for the year ended 31 December 2023.

Director of the group

The directors who held office during the year were as follows:

Mr Clive Pyzer - Company secretary and director

Mr Angus Henry - Chairman and chief executive

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by the director on 27 June 2024 and signed on its behalf by:

.........................................
Mr Angus Henry
Chairman and chief executive

   
     
 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Monitor Services Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monitor Services Limited for the year ended 31 December 2023 as set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Monitor Services Limited, as a body, in accordance with the terms of our engagement letter dated 2 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of Monitor Services Limited and state those matters that we have agreed to state to the Board of Directors of Monitor Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monitor Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Monitor Services 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 Monitor Services Limited. You consider that Monitor Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Monitor Services 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.

......................................
Alexander Broad Lowe
Chartered Certified Accountants
For and on behalf of Alexander Broad Lowe
3 Masons Field
Mannings Heath
Horsham
Sussex
RH13 6JP

27 June 2024

In our opinion the financial statements:

give a true and fair view of the state of the group's and the parent company's affairs as at 31 December 2023 and of the group's profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

 

Monitor Services Limited

Consolidated Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

3

6,472,948

5,167,542

Cost of sales

 

(5,282,974)

(4,278,469)

Gross profit

 

1,189,974

889,073

Administrative expenses

 

(833,925)

(735,092)

Operating profit

5

356,049

153,981

Interest payable and similar expenses

6

(46,365)

(50,990)

Profit before tax

 

309,684

102,991

Tax on profit

(77,331)

(28,759)

Profit for the financial year

 

232,353

74,232

Profit/(loss) attributable to:

 

Owners of the company

 

232,353

74,232

The group has no recognised gains or losses for the year other than the results above.

 

Monitor Services Limited

(Registration number: 02641435)
Consolidated Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

8

137,394

148,588

Tangible assets

9

47,352

35,753

 

184,746

184,341

Current assets

 

Stocks

11

14,369

14,799

Debtors

12

1,685,443

1,682,736

Cash at bank and in hand

 

76,375

92,324

 

1,776,187

1,789,859

Creditors: Amounts falling due within one year

14

(1,092,379)

(1,245,471)

Net current assets

 

683,808

544,388

Total assets less current liabilities

 

868,554

728,729

Creditors: Amounts falling due after more than one year

14

(1,466)

(97,581)

Provisions for liabilities

15

(10,379)

(6,793)

Net assets

 

856,709

624,355

Capital and reserves

 

Called up share capital

16

4

4

Retained earnings

856,705

624,351

Equity attributable to owners of the company

 

856,709

624,355

Shareholders' funds

 

856,709

624,355

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.

For the financial year ending 31 December 2023 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 year 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.

 

Monitor Services Limited

(Registration number: 02641435)
Consolidated Balance Sheet as at 31 December 2023

Approved and authorised by the director on 27 June 2024
 

.........................................
Mr Angus Henry
Chairman and chief executive

 

Monitor Services Limited

(Registration number: 02641435)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

9

2,783

1,098

Investments

10

224,094

224,094

 

226,877

225,192

Current assets

 

Debtors

12

284,291

292,388

Cash at bank and in hand

 

9,634

7,933

 

293,925

300,321

Creditors: Amounts falling due within one year

14

(460,491)

(480,447)

Net current liabilities

 

(166,566)

(180,126)

Total assets less current liabilities

 

60,311

45,066

Provisions for liabilities

15

(528)

(208)

Net assets

 

59,783

44,858

Capital and reserves

 

Called up share capital

16

4

4

Retained earnings

59,779

44,854

Shareholders' funds

 

59,783

44,858

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company made a profit after tax for the financial year of £14,924 (2022 - profit of £1,212).

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 27 June 2024
 

.........................................
Mr Angus Henry
Chairman and chief executive

   
     
 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
3b Robins Wharf
Grove Road
Northfleet
Kent
DA11 9AX
England

These financial statements were authorised for issue by the director on 27 June 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 December 2023.

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

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 group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.

The group 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 group's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS102. Grants of a revenue nature are recognised in the Profit and Loss Account and retained earnings in the same period as the related expenditure.

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

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 group operates and generates taxable income.

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

Land and buildings

50% Reducing balance

Furniture, fittings and equipment

20% Reducing balance

Motor vehicles

25% Reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20 years Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 group 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.

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

3

Turnover

The analysis of the group's Turnover for the year from continuing operations is as follows:

2023
£

2022
£

Sale of goods

6,472,948

5,167,542

4

Other gains and losses

The analysis of the group's other gains and losses for the year is as follows:

2023
£

2022
£

Loss on disposal of Tangible assets

-

(35,626)

5

Operating profit

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

7,909

12,830

Amortisation expense

11,194

11,194

Operating lease expense

55,418

48,849

Loss on disposal of property, plant and equipment

-

35,626

6

Interest payable and similar expenses

2023
£

2022
£

Interest on bank overdrafts and borrowings

42,476

46,220

Interest expense on other finance liabilities

3,889

4,770

46,365

50,990

7

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2023
£

2022
£

Wages and salaries

4,362,875

3,207,521

Social security costs

40,641

38,905

Pension costs, defined contribution scheme

4,889

2,464

Other employee expense

28,376

22,215

4,436,781

3,271,105

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:

2023
No.

2022
No.

Production

193

164

Administration and support

9

8

202

172

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Intangible assets

Group

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

224,094

224,094

At 31 December 2023

224,094

224,094

Amortisation

At 1 January 2023

75,506

75,506

Amortisation charge

11,194

11,194

At 31 December 2023

86,700

86,700

Carrying amount

At 31 December 2023

137,394

137,394

At 31 December 2022

148,588

148,588

9

Tangible assets

Group

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

5,908

52,417

32,704

91,029

Additions

-

19,509

-

19,509

At 31 December 2023

5,908

71,926

32,704

110,538

Depreciation

At 1 January 2023

5,908

33,012

16,356

55,276

Charge for the year

-

4,458

3,452

7,910

At 31 December 2023

5,908

37,470

19,808

63,186

Carrying amount

At 31 December 2023

-

34,456

12,896

47,352

At 31 December 2022

-

19,406

16,347

35,753

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Company

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

6,226

6,226

Additions

2,214

2,214

At 31 December 2023

8,440

8,440

Depreciation

At 1 January 2023

5,128

5,128

Charge for the year

529

529

At 31 December 2023

5,657

5,657

Carrying amount

At 31 December 2023

2,783

2,783

At 31 December 2022

1,098

1,098

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

10

Investments

Group

Details of undertakings

Details of the investments in which the group holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Monitor Hygiene Services Ltd*

Ordinary shares

100%

100%

England and Wales

Monitor Cleaning Services Ltd*

Ordinary shares

100%

100%

England and Wales

Euroclean Contractors Ltd*

Ordinary shares

100%

100%

England and Wales

* indicates direct investment of the company

Company

2023
£

2022
£

Investments in subsidiaries

224,094

224,094

Subsidiaries

£

Cost or valuation

At 1 January 2023

224,094

Provision

Carrying amount

At 31 December 2023

224,094

At 31 December 2022

224,094

11

Stocks

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Other inventories

14,369

14,799

-

-

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

12

Debtors

   

Group

Company

Current

Note

2023
£

2022
£

2023
£

2022
£

Trade debtors

 

1,015,245

1,055,232

-

(295)

Amounts owed by related parties

470,816

476,603

261,969

243,861

Other debtors

 

113,360

30,093

(850)

4,908

Prepayments

 

86,022

120,808

23,172

43,914

   

1,685,443

1,682,736

284,291

292,388

13

Cash and cash equivalents

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Cash on hand

255

255

100

100

Cash at bank

76,120

92,069

9,534

7,833

76,375

92,324

9,634

7,933

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

14

Creditors

   

Group

Company

Note

2023
£

2022
£

2023
£

2022
£

Due within one year

 

Loans and borrowings

17

242,851

457,880

-

7,627

Trade creditors

 

200,887

264,316

2,006

90,977

Amounts due to related parties

-

6,000

394,997

331,287

Social security and other taxes

 

244,317

189,424

4,574

3,721

Outstanding defined contribution pension costs

 

13,380

10,400

773

386

Other payables

 

44,008

67,435

-

-

Accruals

 

278,111

223,485

56,399

35,430

Corporation tax liability

68,825

26,531

1,742

11,019

 

1,092,379

1,245,471

460,491

480,447

Due after one year

 

Loans and borrowings

17

1,466

97,581

-

-

15

Provisions for liabilities

Group

Deferred tax
£

Total
£

At 1 January 2023

6,793

6,793

Deferred tax charged to the P&L account

3,586

3,586

At 31 December 2023

10,379

10,379

Company

Deferred tax
£

Total
£

At 1 January 2023

208

208

Deferred tax charged to the P&L account

320

320

At 31 December 2023

528

528

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

16

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £0.01 each

406

4

406

4

       

17

Loans and borrowings

Non-current loans and borrowings

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Hire purchase contracts

1,466

6,635

-

-

Other borrowings

-

90,946

-

-

1,466

97,581

-

-

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Current loans and borrowings

HP and finance lease liabilities

5,169

4,869

-

-

Other borrowings

-

51,344

-

7,627

Invoice discounting balance

237,682

401,667

-

-

242,851

457,880

-

7,627

18

Obligations under leases and hire purchase contracts

Group

Finance leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

5,169

4,869

Later than one year and not later than five years

1,466

6,635

6,635

11,504

 

Monitor Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

65,109

38,338

Later than one year and not later than five years

91,470

27,952

156,579

66,290

The amount of non-cancellable operating lease payments recognised as an expense during the year was £80,891 (2022 - £75,811).

Company

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

25,076

10,427

Later than one year and not later than five years

78,269

8,862

103,345

19,289

The amount of non-cancellable operating lease payments recognised as an expense during the year was £29,627 (2022 - £14,420).

19

Parent and ultimate parent undertaking

The ultimate parent is Heyzer Ltd, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Monitor Services Ltd.