Company Registration No. 12355234 (England and Wales)
Montanas Group Ltd
Unaudited accounts
for the year ended 31 May 2024
Montanas Group Ltd
Unaudited accounts
Contents
Montanas Group Ltd
Company Information
for the year ended 31 May 2024
Company Number
12355234 (England and Wales)
Registered Office
37 Bull Street
Holt
Norfolk
NR25 6HP
England
Accountants
The Profit Hero Ltd
37 Bull Street
Holt
Norfolk
NR25 6HP
Montanas Group Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
337,653
285,084
Creditors: amounts falling due within one year
(222,268)
(239,276)
Net current assets
220,091
155,683
Total assets less current liabilities
220,710
158,470
Provisions for liabilities
Other provisions
(155)
(696)
Net assets
220,555
157,774
Called up share capital
1
1
Profit and loss account
220,554
157,773
Shareholders' funds
220,555
157,774
For the year ending 31 May 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 17 January 2025 and were signed on its behalf by
Miles Stuart
Director
Company Registration No. 12355234
Montanas Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
Montanas Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12355234. The registered office is 37 Bull Street, Holt, Norfolk, NR25 6HP, 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Office equipment (33.33% SL)
Computer equipment
Computer Equipment (SL 25%)
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
82
10,675
10,757
At 31 May 2024
82
11,503
11,585
At 1 June 2023
41
7,929
7,970
Charge for the year
20
2,976
2,996
At 31 May 2024
61
10,905
10,966
At 31 May 2023
41
2,746
2,787
Montanas Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
104,371
107,017
Accrued income and prepayments
335
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
135,578
126,070
Taxes and social security
20,492
8,476
Loans from directors
64,760
-
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).