Monsoi Ltd 12310416 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is E-Commerce. Digita Accounts Production Advanced 6.30.9574.0 true true 12310416 2023-05-01 2024-04-30 12310416 2024-04-30 12310416 core:RetainedEarningsAccumulatedLosses 2024-04-30 12310416 core:ShareCapital 2024-04-30 12310416 core:SharePremium 2024-04-30 12310416 core:CurrentFinancialInstruments 2024-04-30 12310416 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12310416 core:Non-currentFinancialInstruments 2024-04-30 12310416 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 12310416 core:FurnitureFittingsToolsEquipment 2024-04-30 12310416 bus:SmallEntities 2023-05-01 2024-04-30 12310416 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12310416 bus:FilletedAccounts 2023-05-01 2024-04-30 12310416 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12310416 bus:RegisteredOffice 2023-05-01 2024-04-30 12310416 bus:Director1 2023-05-01 2024-04-30 12310416 bus:Director2 2023-05-01 2024-04-30 12310416 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12310416 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 12310416 core:OfficeEquipment 2023-05-01 2024-04-30 12310416 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-05-01 2024-04-30 12310416 countries:England 2023-05-01 2024-04-30 12310416 2023-04-30 12310416 core:FurnitureFittingsToolsEquipment 2023-04-30 12310416 2022-05-01 2023-04-30 12310416 2023-04-30 12310416 core:RetainedEarningsAccumulatedLosses 2023-04-30 12310416 core:ShareCapital 2023-04-30 12310416 core:SharePremium 2023-04-30 12310416 core:CurrentFinancialInstruments 2023-04-30 12310416 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12310416 core:Non-currentFinancialInstruments 2023-04-30 12310416 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 12310416 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 12310416

Monsoi Ltd

trading as Roosty's

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Monsoi Ltd

trading as Roosty's

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Monsoi Ltd

trading as Roosty's

Company Information

Directors

Mr T A R Ferris

Mr A D Birch

Registered office

72 Dean Head
Todmorden Road
Littleborough
Rochdale
OL15 9LZ

Accountants

Mint Accounting Ltd
63 Dock Street
Dundee
DD1 3DU

 

Monsoi Ltd

trading as Roosty's

(Registration number: 12310416)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,580

1,395

Current assets

 

Stocks

5

88,957

200,510

Debtors

6

60,973

51,372

Cash at bank and in hand

 

60,407

145,147

 

210,337

397,029

Creditors: Amounts falling due within one year

7

(74,234)

(199,595)

Net current assets

 

136,103

197,434

Total assets less current liabilities

 

137,683

198,829

Creditors: Amounts falling due after more than one year

7

-

(15,776)

Net assets

 

137,683

183,053

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

23,340

23,340

Retained earnings

114,243

159,613

Shareholders' funds

 

137,683

183,053

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

 

Monsoi Ltd

trading as Roosty's

(Registration number: 12310416)
Balance Sheet as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 January 2025 and signed on its behalf by:
 

.........................................
Mr T A R Ferris
Director

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
72 Dean Head
Todmorden Road
Littleborough
Rochdale
OL15 9LZ

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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 company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company 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 company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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 company operates and generates taxable income.

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

Office Equipment

25% Straight Line

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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 company 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 company 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.

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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 company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

2,318

2,318

Additions

944

944

At 30 April 2024

3,262

3,262

Depreciation

At 1 May 2023

923

923

Charge for the year

759

759

At 30 April 2024

1,682

1,682

Carrying amount

At 30 April 2024

1,580

1,580

At 30 April 2023

1,395

1,395

5

Stocks

2024
£

2023
£

Other inventories

88,957

200,510

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,080

310

Prepayments

544

1,791

Other debtors

46,349

49,271

 

60,973

51,372

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

3,328

40,016

Trade creditors

 

27,493

95,889

Taxation and social security

 

7,924

28,392

Accruals and deferred income

 

2,103

1,460

Other creditors

 

33,386

33,838

 

74,234

199,595

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

-

15,776

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

-

15,776

Current loans and borrowings

2024
£

2023
£

Other borrowings

3,328

40,016

 

Monsoi Ltd

trading as Roosty's

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Summary of transactions with entities with joint control or significant interest

Honestus Holdings Ltd - 2024 £1,044 (2023 £1,331)