Registered number
11587077
F. Mendonca, Ltd
Report and Accounts
30 September 2024
F. Mendonca, Ltd
Company Information
Directors
Fernando Mendonca
Accountants
Simply Tax Advisory Limited
Unit 311 Canalot Studios
222 Kensal Road
Ladbroke Grove
London
W10 5BN
Registered office
C/O Simply Tax Advisory Limited
Unit 311, Canalot Studios
222 Kensal Road, Ladbroke Grove
London
W10 5BN
Registered number
11587077
F. Mendonca, Ltd
Registered number: 11587077
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be Engineering, Research and development activities.
Directors
The following persons served as directors during the year:
Fernando Mendonca
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 April 2025 and signed on its behalf.
Fernando Mendonca
Director
F. Mendonca, Ltd
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover239,738227,646
Cost of sales(102,341)(140,032)
Gross profit137,39787,614
Administrative expenses(86,817)(57,425)
Operating profit50,58030,189
Interest receivable65124
Interest payable(149)(149)
Profit on ordinary activities before taxation50,49630,164
Tax on profit on ordinary activities(9,631)(5,731)
Profit for the financial year40,86524,433
F. Mendonca, Ltd
Registered number:11587077
Balance Sheet
as at 30 September 2024
Notes2024 2023
£ £
Current assets
Debtors340,2119,532
Cash at bank and in hand- 6,738
40,21116,270
Creditors: amounts falling due within one year4(15,855)(6,124)
Net current assets24,35610,146
Total assets less current liabilities24,35610,146
Creditors: amounts falling due after more than one year5(3,787)(6,088)
Net assets20,5694,058
Capital and reserves
Called up share capital11
Profit and loss account20,5684,057
Shareholders' funds20,5694,058
The directors are 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 directors acknowledge their 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.
Fernando Mendonca
Director
Approved by the board on 15 April 2025
F. Mendonca, Ltd
Notes to the Accounts
for the year ended 30 September 2024
1Accounting 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2Employees2024 2023
NumberNumber
Average number of persons employed by the company11
3Debtors2024 2023
£ £
Trade debtors30,000-
Other debtors10,2119,532
40,2119,532
4Creditors: amounts falling due within one year2024 2023
£ £
Bank loans and overdrafts4,433-
Trade creditors397374
Corporation tax11,0255,750
15,8556,124
5Creditors: amounts falling due after one year2024 2023
£ £
Bank loans3,7876,088
6Other information
F. Mendonca, Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O Simply Tax Advisory Limited
Unit 311, Canalot Studios
222 Kensal Road, Ladbroke Grove
London
W10 5BN
F. Mendonca, Ltd
Detailed profit and loss account
for the year ended 30 September 2024
2024 2023
£ £
Sales239,738227,646
Cost of sales(102,341)(140,032)
Gross profit137,39787,614
Administrative expenses(86,817)(57,425)
Operating profit50,58030,189
Interest receivable65124
Interest payable(149)(149)
Profit before tax50,49630,164
F. Mendonca, Ltd
Detailed profit and loss account
for the year ended 30 September 2024
2024 2023
£ £
Sales
Sales
239,738
227,646
Cost of sales
Other direct costs
102,341
140,032
Administrative expenses
Employee costs:
Directors' salaries
37,304
32,600
Pensions
2,495
1,704
Employer's NI
3,893
3,332
Staff training and welfare-
600
Travel and subsistence
24,859
9,800
Motor expenses
1,809
1,471
70,360 49,507
Premises costs:
Use of home
2,640
2,560
2,640 2,560
General administrative expenses:
Telephone and fax
1,457
1,120
Stationery and printing
86
201
Bank charges
675
157
Insurance
152
2,302
Equipment expensed
328
164
Equipment hire
9,671
-
Computer consumables and software
215
152
Sundry expenses
80
122
12,664 4,218
Legal and professional costs:
Accountancy fees
1,153
1,140
1,153 1,140
86,817 57,425
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