Registered number
12314027
Montrex Ltd
Report and Financial Statements
30 November 2024

Montrex Ltd
Registered number: | 12314027
Director's Report
The director presents his report and financial statements for the year ended 30 November 2024.
Principal activities
The company's principal activity during the period was that of retail agents for general goods.
Directors
The following persons served as directors during the period :
| Mr H Senghoud
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28 August 2025 and signed on its behalf.
Mr H Senghoud
Director

Montrex Ltd
Profit and Loss Account
for the year ended 30 November 2024
|  |  |  |  |  | 2024 |  | 2023
|  |  |  |  |  | £ |  | £
Turnover | 6,748,592 |  | 5,925,384
Cost of sales | (5,172,242) |  | (4,542,131)
Gross profit | 1,576,350 |  | 1,383,253
Administrative expenses | (933,747) |  | (977,916)
Operating profit | 642,603 |  | 405,337
Interest receivable | 60 |  | -
Interest payable | (392) |  | (370)
Profit on ordinary activities before taxation | 642,271 |  | 404,967
Tax on profit on ordinary activities | (8,581) |  | -
Profit for the financial period | 633,690 |  | 404,967

Montrex Ltd
Registered number: | 12314027
Balance Sheet
as at 30 November 2024
Notes |  | 2024 |  | 2023
|  |  | £ | £ |  | £ | £
Fixed assets
Tangible assets | 3 |  |  | 1,499,301 |  |  | 907,457
Current assets
Debtors | 4 |  | 568,579 |  |  | 319,419
Cash at bank and in hand |  |  | 187,542 |  |  | 99,958
|  |  | 756,121 |  |  | 419,377
Creditors: amounts falling due within one year | 5 |  | (223,006) |  |  | (196,098)
Net current assets |  |  |  | 533,115 |  |  | 223,279
Total assets less current liabilities |  |  |  | 2,032,416 |  |  | 1,130,736
Creditors: amounts falling due after more than one year | 6 |  |  | (485,433) |  |  | (217,443)
Net assets |  |  |  | 1,546,983 |  |  | 913,293
Capital and reserves
Called up share capital |  |  |  | 1 |  |  | 1
Profit and loss account |  |  |  | 1,546,982 |  |  | 913,292
Shareholder's funds |  |  |  | 1,546,983 |  |  | 913,293
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H Senghoud
Director
Approved by the board on 28 August 2025

Montrex Ltd
Notes to the Accounts
for the year ended 30 November 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 15% reducing balance basis
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2024 |  | 2023
|  |  |  |  |  | Number |  | Number
| Average number of persons employed by the company | 14 |  | 12
3 | Tangible fixed assets
|  |  |  | Plant and Machinery |  |  |  | Total
|  |  |  | £ |  |  |  | £
| Cost
| At 1 December 2023 | 1,158,515 |  |  |  | 1,158,515
| Additions | 856,427 |  |  |  | 856,427
| At 30 November 2024 | 2,014,942 |  |  |  | 2,014,942
| Depreciation
| At 1 December 2023 | 251,058 |  |  |  | 251,058
| Charge for the year | 264,583 |  |  |  | 264,583
| At 30 November 2024 | 515,641 |  |  |  | 515,641
| Net book value
| At 30 November 2024 | 1,499,301 |  |  |  | 1,499,301
| At 30 November 2023 | 907,457 |  |  |  | 907,457
4 | Debtors | 2024 |  | 2023
|  |  |  |  |  | £ |  | £
| Trade debtors | 562,941 |  | 315,287
| Other debtors | 5,638 |  | 4,132
|  |  |  |  |  | 568,579 |  | 319,419
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
|  |  |  |  |  | £ |  | £
| Trade creditors | 182,517 |  | 167,980
| Corporation tax | 8,581 |  | -
| Other taxes and social security costs | 22,653 |  | 19,757
| Other creditors | 9,255 |  | 8,361
|  |  |  |  |  | 223,006 |  | 196,098
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
|  |  |  |  |  | £ |  | £
| Other creditors | 485,433 |  | 217,443
|  |  |  |  |  | 485,433 |  | 217,443
7 | Other information
| Montrex Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 9 Rectory Road
| London
| N16 7QR

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