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REGISTERED NUMBER: 06444463 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Montvieux Limited

Montvieux Limited (Registered number: 06444463)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Montvieux Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Barrass
P G Webb
A M Wire
J H McQueen





SECRETARY:





REGISTERED OFFICE: 30 Gay Street
Bath
BA1 2PA





REGISTERED NUMBER: 06444463 (England and Wales)





AUDITORS: Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP

Montvieux Limited (Registered number: 06444463)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,485 122,506
Investments 5 1,000 1,000
215,485 123,506

CURRENT ASSETS
Debtors 6 1,245,322 1,006,531
Prepayments and accrued income 3,416,451 188,525
Cash at bank 1,732,416 2,588,515
6,394,189 3,783,571
CREDITORS
Amounts falling due within one year 7 1,916,131 1,116,176
NET CURRENT ASSETS 4,478,058 2,667,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,693,543

2,790,901

PROVISIONS FOR LIABILITIES 16,853 26,363
NET ASSETS 4,676,690 2,764,538

CAPITAL AND RESERVES
Called up share capital 9 12,950 12,500
Share premium 64,582 54,783
Retained earnings 4,599,158 2,697,255
SHAREHOLDERS' FUNDS 4,676,690 2,764,538

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:



P G Webb - Director


Montvieux Limited (Registered number: 06444463)

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

1. STATUTORY INFORMATION

Montvieux 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.
Improvements to property - Over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Montvieux Limited (Registered number: 06444463)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 (2022 - 54 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 28,462 4,306 24,038 412,088 468,894
Additions 149,878 - 21,368 19,196 190,442
At 31 December 2023 178,340 4,306 45,406 431,284 659,336
DEPRECIATION
At 1 January 2023 11,406 1,987 14,728 318,267 346,388
Charge for year 19,861 580 5,880 72,142 98,463
At 31 December 2023 31,267 2,567 20,608 390,409 444,851
NET BOOK VALUE
At 31 December 2023 147,073 1,739 24,798 40,875 214,485
At 31 December 2022 17,056 2,319 9,310 93,821 122,506

Montvieux Limited (Registered number: 06444463)

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

5. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,236,271 997,530
Amounts owed by group undertakings 9,051 9,001
1,245,322 1,006,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 581,177 363,505
Tax 698,391 109,064
Social security and other taxes 220,492 159,152
VAT 153,545 410,437
Other creditors 68,409 49,458
Accruals and deferred income 194,117 24,560
1,916,131 1,116,176

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 70,250 31,000
Between one and five years 190,875 77,500
261,125 108,500

Montvieux Limited (Registered number: 06444463)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
12,950 Ordinary £1 12,950 12,500

450 Ordinary shares of £1 were issued during the year for cash of £10,249.

Since the year end, a further £450 Ordinary shares of £1 were issued for cash of £11,430.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jamie Seaford (Senior Statutory Auditor)
for and on behalf of Moore Kingston Smith LLP

11. SHARE-BASED PAYMENT TRANSACTIONS

During the year ended 31st December 2023, the company operated an equity settled share option plan for which employees were granted share option rights in the company. The options vest over ten years and can be exercised at any time from the date of vesting to ten years from the date of grant, if still performing services for the company.

Fair value was measured using Black-Scholes option pricing model.



Number of share options
Weighted average exercise
price
2023202220232022
NumberNumber£   £   
Outstanding at 1 January 20232,4103,85033.2922.78
Granted-1,960-35.73
Exercised-450-1,90022.7823.78
Forfeited--1,500-22.78
Outstanding at 31 December 20231,9602,41035.7333.29