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REGISTERED NUMBER: 09853551 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MONC LTD

MONC LTD (REGISTERED NUMBER: 09853551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M E M Elborne
F G M Elborne





REGISTERED OFFICE: 21 Chiltern Street
London
W1U 7PH





REGISTERED NUMBER: 09853551 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

MONC LTD (REGISTERED NUMBER: 09853551)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,437 12,373

CURRENT ASSETS
Stocks 111,226 102,423
Debtors 5 51,798 64,625
Cash at bank 173 3,588
163,197 170,636
CREDITORS
Amounts falling due within one year 6 197,548 89,845
NET CURRENT (LIABILITIES)/ASSETS (34,351 ) 80,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,914

)

93,164

CREDITORS
Amounts falling due after more than
one year

7

45,801

5,667
NET (LIABILITIES)/ASSETS (63,715 ) 87,497

CAPITAL AND RESERVES
Called up share capital 97,170 97,170
Share premium 488,008 488,008
Retained earnings (648,893 ) (497,681 )
SHAREHOLDERS' FUNDS (63,715 ) 87,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MONC LTD (REGISTERED NUMBER: 09853551)

BALANCE SHEET - continued
31 DECEMBER 2024


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 11 April 2025 and were signed on its behalf by:




M E M Elborne - Director



F G M Elborne - Director


MONC LTD (REGISTERED NUMBER: 09853551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

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 7 (2023 - 6 ) .

MONC LTD (REGISTERED NUMBER: 09853551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 37,176 6,307 3,339 46,822
Additions 3,150 - 5,262 8,412
At 31 December 2024 40,326 6,307 8,601 55,234
DEPRECIATION
At 1 January 2024 28,060 4,624 1,765 34,449
Charge for year 1,840 252 2,256 4,348
At 31 December 2024 29,900 4,876 4,021 38,797
NET BOOK VALUE
At 31 December 2024 10,426 1,431 4,580 16,437
At 31 December 2023 9,116 1,683 1,574 12,373

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors (3,805 ) 12,624
Other debtors 55,603 44,201
51,798 56,825

Amounts falling due after more than one year:
Other debtors - 7,800

Aggregate amounts 51,798 64,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,850 3,400
Trade creditors 57,803 75,449
Taxation and social security 41,790 8,061
Other creditors 96,105 2,935
197,548 89,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 45,801 5,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2024, an amount of £92,475 (2023 £Nil) was due to the directors' which amount is included within creditors on the balance sheet.