2023-10-012024-09-302024-09-30false12216217MONKLAN LTD2024-12-20falseiso4217:GBPxbrli:pure122162172023-10-01122162172024-09-30122162172023-10-012024-09-30122162172022-10-01122162172023-09-30122162172022-10-012023-09-3012216217bus:SmallEntities2023-10-012024-09-3012216217bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3012216217bus:FullAccounts2023-10-012024-09-3012216217bus:PrivateLimitedCompanyLtd2023-10-012024-09-3012216217core:WithinOneYear2024-09-3012216217core:AfterOneYear2024-09-3012216217core:WithinOneYear2023-09-3012216217core:AfterOneYear2023-09-3012216217core:ShareCapital2024-09-3012216217core:SharePremium2024-09-3012216217core:RevaluationReserve2024-09-3012216217core:OtherReservesSubtotal2024-09-3012216217core:RetainedEarningsAccumulatedLosses2024-09-3012216217core:ShareCapital2023-09-3012216217core:SharePremium2023-09-3012216217core:RevaluationReserve2023-09-3012216217core:OtherReservesSubtotal2023-09-3012216217core:RetainedEarningsAccumulatedLosses2023-09-3012216217core:LandBuildings2024-09-3012216217core:PlantMachinery2024-09-3012216217core:Vehicles2024-09-3012216217core:FurnitureFittings2024-09-3012216217core:OfficeEquipment2024-09-3012216217core:NetGoodwill2024-09-3012216217core:IntangibleAssetsOtherThanGoodwill2024-09-3012216217core:ListedExchangeTraded2024-09-3012216217core:UnlistedNon-exchangeTraded2024-09-3012216217core:LandBuildings2023-09-3012216217core:PlantMachinery2023-09-3012216217core:Vehicles2023-09-3012216217core:FurnitureFittings2023-09-3012216217core:OfficeEquipment2023-09-3012216217core:NetGoodwill2023-09-3012216217core:IntangibleAssetsOtherThanGoodwill2023-09-3012216217core:ListedExchangeTraded2023-09-3012216217core:UnlistedNon-exchangeTraded2023-09-3012216217core:LandBuildings2023-10-012024-09-3012216217core:PlantMachinery2023-10-012024-09-3012216217core:Vehicles2023-10-012024-09-3012216217core:FurnitureFittings2023-10-012024-09-3012216217core:OfficeEquipment2023-10-012024-09-3012216217core:NetGoodwill2023-10-012024-09-3012216217core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3012216217core:ListedExchangeTraded2023-10-012024-09-3012216217core:UnlistedNon-exchangeTraded2023-10-012024-09-3012216217core:MoreThanFiveYears2023-10-012024-09-3012216217core:Non-currentFinancialInstruments2024-09-3012216217core:Non-currentFinancialInstruments2023-09-3012216217dpl:CostSales2023-10-012024-09-3012216217dpl:DistributionCosts2023-10-012024-09-3012216217core:LandBuildings2023-10-012024-09-3012216217core:PlantMachinery2023-10-012024-09-3012216217core:Vehicles2023-10-012024-09-3012216217core:FurnitureFittings2023-10-012024-09-3012216217core:OfficeEquipment2023-10-012024-09-3012216217dpl:AdministrativeExpenses2023-10-012024-09-3012216217core:NetGoodwill2023-10-012024-09-3012216217core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3012216217dpl:GroupUndertakings2023-10-012024-09-3012216217dpl:ParticipatingInterests2023-10-012024-09-3012216217dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3012216217core:ListedExchangeTraded2023-10-012024-09-3012216217dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3012216217core:UnlistedNon-exchangeTraded2023-10-012024-09-3012216217dpl:CostSales2022-10-012023-09-3012216217dpl:DistributionCosts2022-10-012023-09-3012216217core:LandBuildings2022-10-012023-09-3012216217core:PlantMachinery2022-10-012023-09-3012216217core:Vehicles2022-10-012023-09-3012216217core:FurnitureFittings2022-10-012023-09-3012216217core:OfficeEquipment2022-10-012023-09-3012216217dpl:AdministrativeExpenses2022-10-012023-09-3012216217core:NetGoodwill2022-10-012023-09-3012216217core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012216217dpl:GroupUndertakings2022-10-012023-09-3012216217dpl:ParticipatingInterests2022-10-012023-09-3012216217dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3012216217core:ListedExchangeTraded2022-10-012023-09-3012216217dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3012216217core:UnlistedNon-exchangeTraded2022-10-012023-09-3012216217core:NetGoodwill2024-09-3012216217core:IntangibleAssetsOtherThanGoodwill2024-09-3012216217core:LandBuildings2024-09-3012216217core:PlantMachinery2024-09-3012216217core:Vehicles2024-09-3012216217core:FurnitureFittings2024-09-3012216217core:OfficeEquipment2024-09-3012216217core:AfterOneYear2024-09-3012216217core:WithinOneYear2024-09-3012216217core:ListedExchangeTraded2024-09-3012216217core:UnlistedNon-exchangeTraded2024-09-3012216217core:ShareCapital2024-09-3012216217core:SharePremium2024-09-3012216217core:RevaluationReserve2024-09-3012216217core:OtherReservesSubtotal2024-09-3012216217core:RetainedEarningsAccumulatedLosses2024-09-3012216217core:NetGoodwill2023-09-3012216217core:IntangibleAssetsOtherThanGoodwill2023-09-3012216217core:LandBuildings2023-09-3012216217core:PlantMachinery2023-09-3012216217core:Vehicles2023-09-3012216217core:FurnitureFittings2023-09-3012216217core:OfficeEquipment2023-09-3012216217core:AfterOneYear2023-09-3012216217core:WithinOneYear2023-09-3012216217core:ListedExchangeTraded2023-09-3012216217core:UnlistedNon-exchangeTraded2023-09-3012216217core:ShareCapital2023-09-3012216217core:SharePremium2023-09-3012216217core:RevaluationReserve2023-09-3012216217core:OtherReservesSubtotal2023-09-3012216217core:RetainedEarningsAccumulatedLosses2023-09-3012216217core:NetGoodwill2022-10-0112216217core:IntangibleAssetsOtherThanGoodwill2022-10-0112216217core:LandBuildings2022-10-0112216217core:PlantMachinery2022-10-0112216217core:Vehicles2022-10-0112216217core:FurnitureFittings2022-10-0112216217core:OfficeEquipment2022-10-0112216217core:AfterOneYear2022-10-0112216217core:WithinOneYear2022-10-0112216217core:ListedExchangeTraded2022-10-0112216217core:UnlistedNon-exchangeTraded2022-10-0112216217core:ShareCapital2022-10-0112216217core:SharePremium2022-10-0112216217core:RevaluationReserve2022-10-0112216217core:OtherReservesSubtotal2022-10-0112216217core:RetainedEarningsAccumulatedLosses2022-10-0112216217core:AfterOneYear2023-10-012024-09-3012216217core:WithinOneYear2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3012216217core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3012216217core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3012216217core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3012216217core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3012216217core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3012216217bus:Director12023-10-012024-09-3012216217bus:Director22023-10-012024-09-3012216217core:FurnitureFittingsToolsEquipment2023-09-3012216217core:FurnitureFittingsToolsEquipment2024-09-3012216217core:FurnitureFittingsToolsEquipment2023-10-012024-09-30

MONKLAN LTD

Registered Number
12216217
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MONKLAN LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Monica Farina
Kanza Luzolo

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Registered Number

12216217 (England and Wales)
MONKLAN LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets363,500119,199
Tangible assets452,47097,387
115,970216,586
Current assets
Stocks54,9004,200
Debtors18,71012,388
Cash at bank and on hand3,4224,656
27,03221,244
Creditors amounts falling due within one year6(159,742)(107,784)
Net current assets (liabilities)(132,710)(86,540)
Total assets less current liabilities(16,740)130,046
Creditors amounts falling due after one year7(50,400)(116,947)
Net assets(67,140)13,099
Capital and reserves
Called up share capital100100
Profit and loss account(67,240)12,999
Shareholders' funds(67,140)13,099
The financial statements were approved and authorised for issue by the Board of Directors on 20 December 2024, and are signed on its behalf by:
Monica Farina
Director
Registered Company No. 12216217
MONKLAN LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings10
Plant and machinery10
Fixtures and fittings4
Vehicles4
Office Equipment3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1717
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 23176,142176,142
At 30 September 24176,142176,142
Amortisation and impairment
At 01 October 2356,94356,943
Charge for year55,69955,699
At 30 September 24112,642112,642
Net book value
At 30 September 2463,50063,500
At 30 September 23119,199119,199
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 233,500131,0004,0004,71712,733155,950
At 30 September 243,500131,0004,0004,71712,733155,950
Depreciation and impairment
At 01 October 231,40042,5001,0003,00310,66058,563
Charge for year35041,0001,0001,1451,42244,917
At 30 September 241,75083,5002,0004,14812,082103,480
Net book value
At 30 September 241,75047,5002,00056965152,470
At 30 September 232,10088,5003,0001,7142,07397,387
5.Stocks

2024

2023

££
Raw materials and consumables4,9004,200
Total4,9004,200
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,8931,839
Bank borrowings and overdrafts33,274-
Amounts owed to related parties101,63587,675
Taxation and social security19,27413,160
Other creditors665492
Accrued liabilities and deferred income3,0014,618
Total159,742107,784
Loan < 1 year £33,274 (2023: £28,572)
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts50,400116,947
Total50,400116,947
Loan > 1 year £50,400 (2023: £88,376)