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REGISTERED NUMBER: 04770560 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MONTY SMITH LIMITED

MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONTY SMITH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mrs J J Rai
S Rai





SECRETARY: Mrs J J Rai





REGISTERED OFFICE: 33 Coton Road
Nuneaton
Warwickshire
CV11 5TW





REGISTERED NUMBER: 04770560 (England and Wales)





ACCOUNTANTS: Ades Askews
33 Coton Road
Nuneaton
Warwickshire
CV11 5TW

MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 5,655
- 5,655

CURRENT ASSETS
Stocks 6 - 7,000
Debtors 7 - 1,496
Cash at bank and in hand - 38,661
- 47,157
CREDITORS
Amounts falling due within one year 8 - 41,333
NET CURRENT ASSETS - 5,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

11,479

PROVISIONS FOR LIABILITIES - 3,896
NET ASSETS - 7,583

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2 ) 7,581
SHAREHOLDERS' FUNDS - 7,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 24 May 2025 and were signed on its behalf by:





Mrs J J Rai - Director


MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Monty Smith Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024 14,360
Disposals (14,360 )
At 28 February 2025 -
AMORTISATION
At 1 March 2024 14,360
Eliminated on disposal (14,360 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2024 33,747
Disposals (33,747 )
At 28 February 2025 -
DEPRECIATION
At 1 March 2024 28,092
Eliminated on disposal (28,092 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 5,655

6. STOCKS
2025 2024
£    £   
Stocks - 7,000

MONTY SMITH LIMITED (REGISTERED NUMBER: 04770560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments - 1,496

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 2,416
Tax - 12,669
VAT - 11,893
Other creditors - 9,372
Directors' current accounts - 1,168
Accrued expenses - 3,815
- 41,333

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' signified that their directors' currents accounts are always kept in credit and they will not charge interest on the balances held in their current accounts.

10. ULTIMATE CONTROLLING PARTY

The ultimate control of the company rests with directors who hold 100% of the issued share capital of the company.