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REGISTERED NUMBER: 03868171 (England and Wales)











MONOCHROME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024






MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

MONOCHROME LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: A P Munn
D R Marsh





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 03868171 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 233,590 289,958
233,591 289,959

CURRENT ASSETS
Debtors 6 447,917 372,241
Investments 7 148 149
Cash at bank 180,443 219,764
628,508 592,154
CREDITORS
Amounts falling due within one year 8 284,382 102,761
NET CURRENT ASSETS 344,126 489,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,717

779,352

CREDITORS
Amounts falling due after more than one
year

9

(189,726

)

(230,912

)

PROVISIONS FOR LIABILITIES (58,398 ) (72,489 )
NET ASSETS 329,593 475,951

CAPITAL AND RESERVES
Called up share capital 2,054 2,054
Share premium 41,246 41,246
Capital redemption reserve 288 288
Retained earnings 286,005 432,363
329,593 475,951

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

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

MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)

BALANCE SHEET - continued
31 October 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





A P Munn - Director


MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Monochrome 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2012, 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.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 6 ) .

MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 26,001
AMORTISATION
At 1 November 2023
and 31 October 2024 26,000
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 272,611 123,700 396,311
Additions - 10,929 10,929
At 31 October 2024 272,611 134,629 407,240
DEPRECIATION
At 1 November 2023 - 106,353 106,353
Charge for year 54,522 12,775 67,297
At 31 October 2024 54,522 119,128 173,650
NET BOOK VALUE
At 31 October 2024 218,089 15,501 233,590
At 31 October 2023 272,611 17,347 289,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,646 222,350
Amounts owed by group undertakings 103,342 89,559
Other debtors 36,929 60,332
447,917 372,241

MONOCHROME LIMITED (REGISTERED NUMBER: 03868171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 148 149

This represents 100% of shares in Monochrome SRB LLC.

Net Asset Valuation 31.12.23 31.12.22
£    £   
Monochrome SRB LLC 44,298 39,216

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,630 11,160
Hire purchase contracts 34,044 34,046
Trade creditors - 2,925
Taxation and social security 47,754 35,364
Other creditors 191,954 19,266
284,382 102,761

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,202 12,347
Hire purchase contracts 184,524 218,565
189,726 230,912

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MONOCHROME LIMITED

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 Monochrome Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, 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 Monochrome Limited, 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 Monochrome Limited and state those matters that we have agreed to state to the Board of Directors of Monochrome Limited, 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 Monochrome Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Monochrome Limited 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 Monochrome Limited. You consider that Monochrome Limited 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 Monochrome Limited. 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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


21 July 2025