The Monday Loft Ltd |
Notes to the Accounts |
for the period from 8 June 2023 to 30 June 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company was incorporated on 08 June 2023. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of video production and photography services. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assetsat rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
over 4 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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The is no tax liability for the period, instead, trading loss for tax purposes are carried forward to offset future profits. |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
8,348 |
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At 30 June 2024 |
8,348 |
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Depreciation |
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Charge for the period |
2,087 |
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At 30 June 2024 |
2,087 |
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Net book value |
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At 30 June 2024 |
6,261 |
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4 |
Debtors |
2024 |
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£ |
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Other debtors |
2,965 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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£ |
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Other creditors |
28,642 |
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6 |
Going concern |
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The accounts are prepared on the going concern basis, with the continued support of the director. |
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7 |
Other information |
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The Monday Loft Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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The Barley Mow Centre |
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10 Barley Mow Passage |
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W4 4PH |