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Registered number: 08853195
Monteiro Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ortu Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08853195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 185,137 220,119
185,137 220,119
CURRENT ASSETS
Stocks 5 28,780 28,780
Debtors 6 488,282 386,845
Cash at bank and in hand 799,548 917,404
1,316,610 1,333,029
Creditors: Amounts Falling Due Within One Year 7 (801,122 ) (816,702 )
NET CURRENT ASSETS (LIABILITIES) 515,488 516,327
TOTAL ASSETS LESS CURRENT LIABILITIES 700,625 736,446
NET ASSETS 700,625 736,446
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 700,525 736,346
SHAREHOLDERS' FUNDS 700,625 736,446
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Marisa Monteiro
Director
01/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monteiro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08853195 . The registered office is 575 Battersea Park Road, London, SW11 3BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% Straight line
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 - 284,793 21,250 208,487
Additions 50,478 35,825 - -
As at 31 March 2024 50,478 320,618 21,250 208,487
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 - 128,874 10,626 155,486
Provided during the period 4,178 60,536 5,313 52,122
As at 31 March 2024 4,178 189,410 15,939 207,608
Net Book Value
As at 31 March 2024 46,300 131,208 5,311 879
As at 1 April 2023 - 155,919 10,624 53,001
Computer Equipment Total
£ £
Cost
As at 1 April 2023 924 515,454
Additions 1,460 87,763
As at 31 March 2024 2,384 603,217
Depreciation
As at 1 April 2023 349 295,335
Provided during the period 596 122,745
As at 31 March 2024 945 418,080
Net Book Value
As at 31 March 2024 1,439 185,137
As at 1 April 2023 575 220,119
5. Stocks
2024 2023
£ £
Materials 28,780 28,780
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 488,282 386,845
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,473 78,472
Corporation tax (23 ) (22 )
Other taxes and social security 35,732 31,183
Other creditors 389,007 347,250
Accruals and deferred income 2,880 2,880
Director's loan account 295,053 356,939
801,122 816,702
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5