Company Registration No. 14587341 (England and Wales)
Monch Watch Company Ltd
Unaudited accounts
for the year ended 31 January 2025
Monch Watch Company Ltd
Unaudited accounts
Contents
Monch Watch Company Ltd
Company Information
for the year ended 31 January 2025
Directors
Jonathan Beattie
Alastair Watts
Company Number
14587341 (England and Wales)
Registered Office
International House
10 Beaufort Court, Admirals Way
London
E14 9XL
United Kingdom
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Monch Watch Company Ltd
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
9,530
12,113
Creditors: amounts falling due within one year
(16,458)
(15,554)
Net current assets
1,667
3,109
Called up share capital
2
2
Profit and loss account
3,766
3,931
Shareholders' funds
3,768
3,933
For the year ending 31 January 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by
Alastair Watts
Director
Company Registration No. 14587341
Monch Watch Company Ltd
Notes to the Accounts
for the year ended 31 January 2025
Monch Watch Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 14587341. The registered office is International House, 10 Beaufort Court, Admirals Way , London, E14 9XL, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
-
1,099
1,099
At 31 January 2025
183
2,710
2,893
At 1 February 2024
-
275
275
Charge for the year
52
511
563
At 31 January 2025
52
740
792
At 31 January 2025
131
1,970
2,101
At 31 January 2024
-
824
824
Monch Watch Company Ltd
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
810
Taxes and social security
8,256
2,232
Other creditors
7,509
3,358
Loans from directors
43
8,504
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).