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Registered number: 08669713
Monetaire 2017 Payroll Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Monetaire
Sovereign House
22 Shelley Road
Worthing
West Sussex
BN11 1TU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08669713
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,930 37,240
27,930 37,240
CURRENT ASSETS
Stocks 5 447 26,405
Debtors 6 10,099 -
10,546 26,405
Creditors: Amounts Falling Due Within One Year 7 (13,666 ) (10,323 )
NET CURRENT ASSETS (LIABILITIES) (3,120 ) 16,082
TOTAL ASSETS LESS CURRENT LIABILITIES 24,810 53,322
Creditors: Amounts Falling Due After More Than One Year 8 (20,641 ) (44,363 )
NET ASSETS 4,169 8,959
CAPITAL AND RESERVES
Called up share capital 9 62 62
Profit and Loss Account 4,107 8,897
SHAREHOLDERS' FUNDS 4,169 8,959
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Virginia Santer
Director
22nd December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monetaire 2017 Payroll Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08669713 . The registered office is Sovereign House, 22 Shelley Road, Worthing, West Sussex, BN11 1TU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 93,100
As at 31 March 2025 93,100
Amortisation
As at 1 April 2024 55,860
Provided during the period 9,310
As at 31 March 2025 65,170
Net Book Value
As at 31 March 2025 27,930
As at 1 April 2024 37,240
Page 3
Page 4
5. Stocks
2025 2024
£ £
Work in progress 447 26,405
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,066 -
Other debtors 33 -
10,099 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 9,978 9,883
Other creditors 629 -
Taxation and social security 3,059 440
13,666 10,323
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 24,879 29,260
Amounts owed to participating interests (15,078 ) -
Other creditors 10,840 15,103
20,641 44,363
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 62 62
Page 4