Montage Yorkshire Limited 05205015 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is is that of mezzanine flooring installation. Digita Accounts Production Advanced 6.30.9574.0 true true 05205015 2023-08-01 2024-07-31 05205015 2024-07-31 05205015 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-07-31 05205015 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-07-31 05205015 core:CurrentFinancialInstruments 2024-07-31 05205015 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 05205015 core:Non-currentFinancialInstruments 2024-07-31 05205015 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 05205015 core:FurnitureFittings 2024-07-31 05205015 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 05205015 core:MotorVehicles 2024-07-31 05205015 core:PlantMachinery 2024-07-31 05205015 bus:SmallEntities 2023-08-01 2024-07-31 05205015 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 05205015 bus:FilletedAccounts 2023-08-01 2024-07-31 05205015 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05205015 bus:RegisteredOffice 2023-08-01 2024-07-31 05205015 bus:CompanySecretary1 2023-08-01 2024-07-31 05205015 bus:Director1 2023-08-01 2024-07-31 05205015 bus:Director2 2023-08-01 2024-07-31 05205015 bus:Director4 2023-08-01 2024-07-31 05205015 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 05205015 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05205015 core:FurnitureFittings 2023-08-01 2024-07-31 05205015 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05205015 core:MotorVehicles 2023-08-01 2024-07-31 05205015 core:PlantMachinery 2023-08-01 2024-07-31 05205015 countries:AllCountries 2023-08-01 2024-07-31 05205015 2023-07-31 05205015 core:FurnitureFittings 2023-07-31 05205015 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 05205015 core:MotorVehicles 2023-07-31 05205015 core:PlantMachinery 2023-07-31 05205015 2022-08-01 2023-07-31 05205015 2023-07-31 05205015 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-07-31 05205015 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-07-31 05205015 core:CurrentFinancialInstruments 2023-07-31 05205015 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 05205015 core:Non-currentFinancialInstruments 2023-07-31 05205015 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 05205015 core:FurnitureFittings 2023-07-31 05205015 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 05205015 core:MotorVehicles 2023-07-31 05205015 core:PlantMachinery 2023-07-31 05205015 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 05205015

Montage Yorkshire Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Montage Yorkshire Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Montage Yorkshire Limited

Company Information

Directors

Mr Shaun Roebuck

Mrs Nora Frances Roebuck

Mr Darrel Shaun Roebuck

Company secretary

Mrs Emma Jane Roebuck

Registered office

182 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

Accountants

Upton & Co Accountants Limited
Chartered Certified Accountants
182 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Montage Yorkshire Limited

(Registration number: 05205015)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

699,201

353,820

Current assets

 

Stocks

5

95,564

157,543

Debtors

6

48,215

85,988

Cash at bank and in hand

 

786,426

893,466

 

930,205

1,136,997

Creditors: Amounts falling due within one year

7

(145,127)

(239,384)

Net current assets

 

785,078

897,613

Total assets less current liabilities

 

1,484,279

1,251,433

Creditors: Amounts falling due after more than one year

7

(203,437)

(29,900)

Net assets

 

1,280,842

1,221,533

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,280,840

1,221,531

Shareholders' funds

 

1,280,842

1,221,533

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

 

Montage Yorkshire Limited

(Registration number: 05205015)
Balance Sheet as at 31 July 2024

.........................................
Mr Darrel Shaun Roebuck
Director

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
182 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE
England

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 14).

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 August 2023

-

3,260

60,989

454,204

Additions

395,995

4,892

30,788

44,444

Disposals

-

-

(12,539)

-

At 31 July 2024

395,995

8,152

79,238

498,648

Depreciation

At 1 August 2023

-

1,553

51,232

111,848

Charge for the year

-

757

8,777

120,063

Eliminated on disposal

-

-

(11,398)

-

At 31 July 2024

-

2,310

48,611

231,911

Carrying amount

At 31 July 2024

395,995

5,842

30,627

266,737

At 31 July 2023

-

1,707

9,757

342,356

Total
£

Cost or valuation

At 1 August 2023

518,453

Additions

476,119

Disposals

(12,539)

At 31 July 2024

982,033

Depreciation

At 1 August 2023

164,633

Charge for the year

129,597

Eliminated on disposal

(11,398)

At 31 July 2024

282,832

Carrying amount

At 31 July 2024

699,201

At 31 July 2023

353,820

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Included within the net book value of land and buildings above is £395,995 (2023 - £Nil) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

95,564

157,543

6

Debtors

2024
£

2023
£

Trade debtors

13,765

50,765

Other debtors

14,316

21,751

Prepayments

20,134

13,472

48,215

85,988

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

13,672

17,428

Trade creditors

 

20,454

80,309

Taxation and social security

 

92,104

96,224

Accruals and deferred income

 

17,262

-

Other creditors

 

1,635

45,423

 

145,127

239,384

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

203,437

29,900

8

Share capital

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

187,208

-

Hire purchase contracts

16,229

29,900

203,437

29,900

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

13,672

17,428

10

Dividends

Interim dividends paid

 

Montage Yorkshire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
£

2023
£

Interim dividend of £48,000.00 (2023 - £26,500.00) per each Ordinary

96,000

53,000

 

 

11

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

58,149

29,023