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REGISTERED NUMBER: NI008535 (Northern Ireland)















MONRE LTD

Unaudited Financial Statements for the Year Ended 30 September 2024






MONRE LTD (REGISTERED NUMBER: NI008535)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MONRE LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Jane Rehill
Andrew Montague
Floyd Maguire





REGISTERED OFFICE: Station House
30 Mill Street
Enniskillen Road
Irvinestown
Co. Fermanagh
BT94 1GR





REGISTERED NUMBER: NI008535 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MONRE LTD (REGISTERED NUMBER: NI008535)

Statement of Financial Position
30 SEPTEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 1,131,807 1,207,152

CURRENT ASSETS
Inventories 1,485,822 1,830,610
Receivables: amounts falling due within
one year

6

1,892,723

1,978,687
Cash at bank and in hand 385,182 294,161
3,763,727 4,103,458
PAYABLES
Amounts falling due within one year 7 (1,823,490 ) (2,473,963 )
NET CURRENT ASSETS 1,940,237 1,629,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,072,044

2,836,647

PROVISIONS FOR LIABILITIES (95,765 ) (107,638 )
NET ASSETS 2,976,279 2,729,009

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,976,179 2,728,909
2,976,279 2,729,009

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





Jane Rehill - Director


MONRE LTD (REGISTERED NUMBER: NI008535)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Monre Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

MONRE LTD (REGISTERED NUMBER: NI008535)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 40 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 October 2023 1,346,140 567,626 526,295 2,440,061
Additions - 30,771 9,750 40,521
Disposals - (14,000 ) - (14,000 )
At 30 September 2024 1,346,140 584,397 536,045 2,466,582
DEPRECIATION
At 1 October 2023 580,589 360,646 291,674 1,232,909
Charge for year 26,925 26,442 61,019 114,386
Eliminated on disposal - (12,520 ) - (12,520 )
At 30 September 2024 607,514 374,568 352,693 1,334,775
NET BOOK VALUE
At 30 September 2024 738,626 209,829 183,352 1,131,807
At 30 September 2023 765,551 206,980 234,621 1,207,152

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 1,837,398 1,929,097
Other receivables 55,325 49,590
1,892,723 1,978,687

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 115,119 471,171
Trade payables 1,427,671 1,778,898
Taxation and social security 239,340 152,776
Other payables 41,360 71,118
1,823,490 2,473,963