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REGISTERED NUMBER: 06910495 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Peter Monk Limited

Peter Monk Limited (Registered number: 06910495)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter Monk Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P R Monk
Mrs L S Monk
A C Monk
A N Monk
L T Monk





SECRETARY: Mrs L S Monk





REGISTERED OFFICE: Albans Oast
Romford Road
Pembury
Tunbridge Wells
Kent
TN2 4BB





REGISTERED NUMBER: 06910495 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Peter Monk Limited (Registered number: 06910495)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782,876 851,529

CURRENT ASSETS
Stocks 12,460 25,525
Debtors 5 930,644 1,805,219
Cash at bank and in hand 376,694 338,498
1,319,798 2,169,242
CREDITORS
Amounts falling due within one year 6 616,348 1,595,422
NET CURRENT ASSETS 703,450 573,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,326

1,425,349

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,486,325 1,425,348
SHAREHOLDERS' FUNDS 1,486,326 1,425,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





P R Monk - Director


Peter Monk Limited (Registered number: 06910495)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Peter Monk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

Peter Monk Limited (Registered number: 06910495)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 618,285 994,383 1,612,668
Additions - 49,700 49,700
At 31 May 2024 618,285 1,044,083 1,662,368
DEPRECIATION
At 1 June 2023 173,117 588,022 761,139
Charge for year 24,731 93,622 118,353
At 31 May 2024 197,848 681,644 879,492
NET BOOK VALUE
At 31 May 2024 420,437 362,439 782,876
At 31 May 2023 445,168 406,361 851,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 769,266 563,477
Amounts owed by group undertakings - 741,954
Other debtors 161,378 499,788
930,644 1,805,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,490 254,806
Amounts owed to group undertakings 258,046 -
Taxation and social security 85,677 87,474
Other creditors 226,135 1,253,142
616,348 1,595,422

7. LEASING AGREEMENTS
The company has future operating lease commitments totalling £36,000.

8. ULTIMATE CONTROLLING PARTY

The controlling party is P R Monk.