REGISTERED NUMBER: 00631824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MONT SELAS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Christie

R A Hunt

J R Marsland

SECRETARY:

G Miller

REGISTERED OFFICE:

Booth Street Chambers

Booth Street

Ashton-under-Lyne

Lancashire

OL6 7LQ

REGISTERED NUMBER:

00631824 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

Royal Bank of Scotland

Drummond House

1 Redheughs Avenue

Edinburgh

EH12 9JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

77,879

54,926

77,879

54,926

CURRENT ASSETS

Stocks

15,632

68,322

Debtors

1,028,666

813,664

Cash at bank and in hand

293,300

560,819

1,337,598

1,442,805

CREDITORS

Amounts falling due within one year

634,762

748,230

NET CURRENT ASSETS

702,836

694,575

TOTAL ASSETS LESS CURRENT LIABILITIES

780,715

749,501

PROVISIONS FOR LIABILITIES

13,387

7,102

NET ASSETS

767,328

742,399

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

667,328

642,399

SHAREHOLDERS' FUNDS

767,328

742,399

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 June 2025 and were signed on its behalf by:

R A Hunt - Director

J R Marsland - Director

1.	STATUTORY INFORMATION

Mont Selas 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 represents amounts receivable for goods and services provided during the year, including the value of work in progress at the year end, excluding value added tax.

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 five 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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 30 (2023 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

4,250

AMORTISATION

At 1 January 2024

and 31 December 2024

4,250

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

126,410

Additions

45,891

Disposals

(6,772

)

At 31 December 2024

165,529

DEPRECIATION

At 1 January 2024

71,484

Charge for year

20,678

Eliminated on disposal

(4,512

)

At 31 December 2024

87,650

NET BOOK VALUE

At 31 December 2024

77,879

At 31 December 2023

54,926

6.	FINANCIAL COMMITMENTS

Financial commitments not included in the balance sheet comprise lease payments under non-cancellable operating leases falling due as follows:

2024

2023

£

£

Within one year

110,150

103,033

Between one and five years

149,418

196,422

259,568

299,455