IRIS Accounts Production v24.3.0.553 05429174 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054291742023-05-31054291742024-05-31054291742023-06-012024-05-31054291742022-05-31054291742022-06-012023-05-31054291742023-05-3105429174ns15:EnglandWales2023-06-012024-05-3105429174ns14:PoundSterling2023-06-012024-05-3105429174ns10:Director12023-06-012024-05-3105429174ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105429174ns10:SmallEntities2023-06-012024-05-3105429174ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105429174ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105429174ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105429174ns10:AbridgedAccounts2023-06-012024-05-3105429174ns10:RegisteredOffice2023-06-012024-05-3105429174ns5:CurrentFinancialInstruments2024-05-3105429174ns5:CurrentFinancialInstruments2023-05-3105429174ns5:ShareCapital2024-05-3105429174ns5:ShareCapital2023-05-3105429174ns5:RevaluationReserve2024-05-3105429174ns5:RevaluationReserve2023-05-3105429174ns5:RetainedEarningsAccumulatedLosses2024-05-3105429174ns5:RetainedEarningsAccumulatedLosses2023-05-3105429174ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-012024-05-3105429174ns5:PlantMachinery2023-06-012024-05-3105429174ns5:FurnitureFittings2023-06-012024-05-3105429174ns5:MotorVehicles2023-06-012024-05-3105429174ns5:ComputerEquipment2023-06-012024-05-3105429174ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3105429174ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-05-3105429174ns5:WithinOneYear2024-05-3105429174ns5:WithinOneYear2023-05-3105429174ns5:BetweenOneFiveYears2024-05-3105429174ns5:BetweenOneFiveYears2023-05-3105429174ns5:AllPeriods2024-05-3105429174ns5:AllPeriods2023-05-3105429174ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 05429174 (England and Wales)












MONO-POLY PRINTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MONO-POLY PRINTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: N R Barker





REGISTERED OFFICE: Unit 3
Bolingbroke Road
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0WA





REGISTERED NUMBER: 05429174 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
Lincolnshire
LN11 9NB

MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,886,591 1,978,588

CURRENT ASSETS
Stocks 40,000 38,000
Debtors 588,050 688,940
Cash at bank and in hand 1,186,980 788,520
1,815,030 1,515,460
CREDITORS
Amounts falling due within one year 391,132 403,509
NET CURRENT ASSETS 1,423,898 1,111,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,310,489

3,090,539

PROVISIONS FOR LIABILITIES 164,925 175,404
NET ASSETS 3,145,564 2,915,135

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 5 88,795 67,909
Retained earnings 3,056,669 2,847,126
SHAREHOLDERS' FUNDS 3,145,564 2,915,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





N R Barker - Director


MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance and 5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost and 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 24 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 June 2023 2,943,507
Additions 26,273
Disposals (35,000 )
Revaluations 20,886
At 31 May 2024 2,955,666
DEPRECIATION
At 1 June 2023 964,919
Charge for year 118,476
Eliminated on disposal (14,320 )
At 31 May 2024 1,069,075
NET BOOK VALUE
At 31 May 2024 1,886,591
At 31 May 2023 1,978,588

Cost or valuation at 31 May 2024 is represented by:

Totals
£   
Valuation in 2020 5,250
Valuation in 2021 20,886
Valuation in 2022 20,886
Valuation in 2023 20,887
Valuation in 2024 20,887
Cost 2,866,870
2,955,666

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,044,310 1,044,310
Aggregate depreciation 88,795 67,908

Freehold land and buildings were valued on an open market basis on 31 May 2024 by Mr N R Barker, the company director .

MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 710,901
DEPRECIATION
At 1 June 2023 399,489
Charge for year 46,712
At 31 May 2024 446,201
NET BOOK VALUE
At 31 May 2024 264,700
At 31 May 2023 311,412

4. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,593 94,011

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,469 18,727
Between one and five years 2,393 19,862
19,862 38,589

5. RESERVES
Revaluation
reserve
£   
At 1 June 2023 67,909
Revaluation on property 20,886

At 31 May 2024 88,795

MONO-POLY PRINTERS LIMITED (REGISTERED NUMBER: 05429174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. ULTIMATE CONTROLLING PARTY

The controlling party is N R Barker.