Registered number
05224621
3 Wise Monkeys Services Limited
Unaudited Filleted Accounts
30 June 2024
3 Wise Monkeys Services Limited
Registered number: 05224621
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 56,085 56,187
Current assets
Stocks 436,997 667,644
Debtors 4 30,284 16,564
Cash at bank and in hand 157,742 119,447
625,023 803,655
Creditors: amounts falling due within one year 5 (237,549) (465,264)
Net current assets 387,474 338,391
Net assets 443,559 394,578
Capital and reserves
Called up share capital 100 100
Share premium 9,940 9,940
Profit and loss account 433,519 384,538
Shareholders' funds 443,559 394,578
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J N Flowers
Director
Approved by the board on 19 March 2025
3 Wise Monkeys Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold property 15% on reducing balance
Plant and machinery 25% on reducing balance
Computer equipment 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
(including Directors)
3 Tangible fixed assets
Land and buildings Plant and machinery etc Computer Equipment Total
£ £ £ £
Cost
At 1 July 2023 42,610 26,861 41,232 110,703
Additions 9,280 - 1,561 10,841
At 30 June 2024 51,890 26,861 42,793 121,544
Depreciation
At 1 July 2023 11,570 11,970 30,976 54,516
Charge for the year 4,656 3,723 2,564 10,943
At 30 June 2024 16,226 15,693 33,540 65,459
Net book value
At 30 June 2024 35,664 11,168 9,253 56,085
At 30 June 2023 31,040 14,891 10,256 56,187
4 Debtors 2024 2023
£ £
Trade debtors 30,284 16,564
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,500 32,500
Amazon loan - 171,084
Trade creditors 21,615 46,234
Taxation and social security costs 89,805 75,611
Other creditors 103,629 139,835
237,549 465,264
6 Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
2024 2023
Amounts due to related parties £ £
Owners holding a participating interest in the company 103,629 139,835
The amounts owed to owners holding a participating interest in the company are amounts
loaned to the company.The loan is interest free and repayable on demand.
6 Other information
3 Wise Monkeys Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tunfield Nursery
Unit 3 Hog Lane
Ashley Green
Buckinghamshire
HP5 3PY
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