Ian Moncur Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04627565

Ian Moncur Limited

Unaudited financial statements

31 January 2026

Ian Moncur Limited

Statement of financial position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		1,050		1,001

Current assets

Debtors	7	41,126	36,231
Cash at bank and in hand		992	4,915
		-------	-------
		42,118	41,146

Creditors: Amounts falling due within one year	8	( 7,765)		( 9,388)
		-------		-------
Net current assets			34,353		31,758
			-------		-------
Total assets less current liabilities			35,403		32,759

Provisions

Taxation including deferred tax		( 200)		( 190)

Accruals and deferred income	( 5,938)	( 4,888)
	-------	-------
Net assets	29,265	27,681
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	29,165	27,581
	-------	-------
Shareholders funds	29,265	27,681
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ian Moncur Limited

Statement of financial position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr I N Moncur
Director

Company registration number: 04627565

Ian Moncur Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Cannerby Lane, Norwich, Norfolk, United Kingdom, NR7 8NG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Deferred tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in full and provision is made in respect of all material timing differences.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Fully amortised

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	15% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Average number of employees

The average number of employees during the year was 1 (2025: 1 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2025 and 31 January 2026	57,317
	-------
Amortisation
At 1 February 2025 and 31 January 2026	57,317
	-------
Carrying amount
At 31 January 2026	–
	-------
At 31 January 2025	–
	-------

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 February 2025	4,938	4,938
Additions	208	208
	------	------
At 31 January 2026	5,146	5,146
	------	------
Depreciation
At 1 February 2025	3,937	3,937
Charge for the year	159	159
	------	------
At 31 January 2026	4,096	4,096
	------	------
Carrying amount
At 31 January 2026	1,050	1,050
	------	------
At 31 January 2025	1,001	1,001
	------	------

7. Debtors

	2026	2025
	£	£
Trade debtors	15,926	14,838
Other debtors	25,200	21,393
	-------	-------
	41,126	36,231
	-------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	264	3,166
Social security and other taxes	6,302	5,565
Other creditors	1,199	657
	------	------
	7,765	9,388
	------	------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
A Director	20,144	36,330	( 33,164)	23,310
	-------	-------	-------	-------

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
A Director	30,795	34,240	( 44,891)	20,144
	-------	-------	-------	-------

Interest has been charged at the official rate on the overdrawn loan balance.