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REGISTERED NUMBER: 04014039 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Monk Conveyors Ltd

Monk Conveyors Ltd (Registered number: 04014039)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Monk Conveyors Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P R Monk
M A Ransom
B G Sutherland
D Felton





SECRETARY: B G Sutherland





REGISTERED OFFICE: Unit 9
Christy Estate
Ivy Road
Aldershot
Hampshire
GU12 4TX





REGISTERED NUMBER: 04014039 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Monk Conveyors Ltd (Registered number: 04014039)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 77,132 78,482
Investments 5 400 400
77,532 78,882

CURRENT ASSETS
Stocks 6 439,871 438,398
Debtors 7 554,581 885,709
Cash at bank and in hand 476,555 1,086,412
1,471,007 2,410,519
CREDITORS
Amounts falling due within one year 8 913,323 1,742,594
NET CURRENT ASSETS 557,684 667,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,216

746,807

PROVISIONS FOR LIABILITIES 16,335 15,985
NET ASSETS 618,881 730,822

CAPITAL & RESERVES
Called up share capital 10 100 100
Retained earnings 618,781 730,722
618,881 730,822

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 10 June 2025 and were signed on its behalf by:




M A Ransom - Director


Monk Conveyors Ltd (Registered number: 04014039)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Monk Conveyors Ltd 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the lease term
Fixtures & fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or normal consideration are measured at the lower of cost and replacement cost adjusted where applicable for any loss of service potential.

At each reporting date an assessment is made for impairment, Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.


Monk Conveyors Ltd (Registered number: 04014039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures Motor Computer
property & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 36,133 175,107 27,550 36,249 275,039
Additions 1,000 11,807 - 7,543 20,350
At 30 September 2024 37,133 186,914 27,550 43,792 295,389
DEPRECIATION
At 1 October 2023 21,589 144,853 1,750 28,365 196,557
Charge for year 3,750 7,500 6,450 4,000 21,700
At 30 September 2024 25,339 152,353 8,200 32,365 218,257
NET BOOK VALUE
At 30 September 2024 11,794 34,561 19,350 11,427 77,132
At 30 September 2023 14,544 30,254 25,800 7,884 78,482

Monk Conveyors Ltd (Registered number: 04014039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2023
and 30 September 2024 400
NET BOOK VALUE
At 30 September 2024 400
At 30 September 2023 400

6. STOCKS
2024 2023
£    £   
Stocks 434,081 363,398
Work-in-progress 5,790 75,000
439,871 438,398

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 489,609 739,094
Other debtors 22,021 128,174
Prepayments & accrued income 42,951 18,441
554,581 885,709

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 503,321 995,922
Corporation tax - 80,250
Social security & other taxes 96,024 43,130
Other creditors 292,185 585,123
Accrued expenses 21,793 38,169
913,323 1,742,594

9. SECURED DEBTS

HSBC Bank plc has a fixed and floating charge over the assets of the company under a debenture dated 30 March 2001.

10. CALLED UP SHARE CAPITAL

Allotted, Issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   

40 'A' Ordinary £1 40 40
20 'B' Ordinary £1 20 20
20 'C' Ordinary £1 20 20
20 'D' Ordinary £1 20 20
100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Monk Conveyors Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monk Conveyors Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Monk Conveyors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Monk Conveyors Ltd and state those matters that we have agreed to state to the Board of Directors of Monk Conveyors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monk Conveyors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Monk Conveyors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Monk Conveyors Ltd. You consider that Monk Conveyors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Monk Conveyors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


10 June 2025