Company Registration No. 00548248 (England and Wales)
Monk Woodworking Limited
Unaudited accounts
for the year ended 28 February 2025
Monk Woodworking Limited
Unaudited accounts
Contents
Monk Woodworking Limited
Statement of financial position
as at 28 February 2025
Tangible assets
45,474
53,180
Cash at bank and in hand
124,841
183,216
Creditors: amounts falling due within one year
(137,548)
(361,888)
Net current assets
157,929
122,473
Total assets less current liabilities
203,403
175,653
Creditors: amounts falling due after more than one year
(7,555)
(17,555)
Provisions for liabilities
Other provisions
-
(7,624)
Net assets
195,848
150,474
Called up share capital
5,000
5,000
Profit and loss account
190,848
145,474
Shareholders' funds
195,848
150,474
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Jeffrey John Hedges
Director
Company Registration No. 00548248
Monk Woodworking Limited
Notes to the Accounts
for the year ended 28 February 2025
Monk Woodworking Limited is a private company, limited by shares, registered in England and Wales, registration number 00548248. The registered office is Boundary Way, Lufton Trading Estate, Lufton, Yeovil, Somerset, BA22 8HZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
22,717
148,821
25,582
28,445
225,565
Additions
-
1,554
-
-
1,554
At 28 February 2025
22,717
150,375
25,582
28,445
227,119
At 1 March 2024
19,670
103,287
23,021
26,407
172,385
Charge for the year
610
7,030
640
980
9,260
At 28 February 2025
20,280
110,317
23,661
27,387
181,645
At 28 February 2025
2,437
40,058
1,921
1,058
45,474
At 29 February 2024
3,047
45,534
2,561
2,038
53,180
Work in progress
65,447
79,323
Monk Woodworking Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
100,276
216,856
Accrued income and prepayments
1,173
1,226
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
25,738
Trade creditors
51,879
99,876
Taxes and social security
40,219
27,399
Other creditors
15,705
165,605
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 10 (2024: 10).