| Munro Audit Limited |
| Notes to the Accounts |
| for the year ended 31 October 2024 |
|
| 1 |
Accounting 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 for services supplied, net of discounts and value added taxes. Turnover is recognised when work is completed. |
|
|
Work in progress |
|
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of work in progress sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price, which is usually the invoice price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
- |
|
18,851 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
Munro Audit Limited is a private company limited by shares and incorporated in England. |
|
Its registered offfice is at: |
|
Unit 2, Bryer Ash |
|
Trowbridge |
|
Wiltshire |
|
BA14 8HE |