Company Registration No. 08689218 (England and Wales)
MONIL BUSINESS SOLUTIONS LTD
accounts
for the year ended 30 September 2024
MONIL BUSINESS SOLUTIONS LTD
accounts
Contents
MONIL BUSINESS SOLUTIONS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
13,814
16,773
Cash at bank and in hand
1,737
2,031
Creditors: amounts falling due within one year
(599)
(299)
Net current assets
19,139
19,733
Total assets less current liabilities
43,953
47,506
Creditors: amounts falling due after more than one year
(5,045)
(7,650)
Called up share capital
50,100
50,100
Profit and loss account
(11,192)
(10,244)
Shareholders' funds
38,908
39,856
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2024 and were signed on its behalf by
Naimesh Langalia
Director
Company Registration No. 08689218
MONIL BUSINESS SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2024
MONIL BUSINESS SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08689218. The registered office is 57 Valence Wood Road, Dagenham, RM8 3AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
28,757
14,038
42,795
At 30 September 2024
28,757
14,038
42,795
At 1 October 2023
19,895
6,127
26,022
Charge for the year
1,772
1,187
2,959
At 30 September 2024
21,667
7,314
28,981
At 30 September 2024
7,090
6,724
13,814
At 30 September 2023
8,862
7,911
16,773
5
Investments
Other investments
Valuation at 1 October 2023
11,000
Valuation at 30 September 2024
11,000
MONIL BUSINESS SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Other debtors
18,001
18,001
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(1)
(1)
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
50,100 Ordinary shares of £1 each
50,100
50,100
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).