1 February 2025 false No description of principal activity Taxfiler 2024.6 SC392696business:PrivateLimitedCompanyLtd2025-02-012026-01-31 SC3926962025-01-31 SC3926962025-02-012026-01-31 SC392696business:AuditExempt-NoAccountantsReport2025-02-012026-01-31 SC392696business:FilletedAccounts2025-02-012026-01-31 SC3926962026-01-31 SC392696business:Director12025-02-012026-01-31 SC392696business:Director22025-02-012026-01-31 SC392696business:RegisteredOffice2025-02-012026-01-31 SC3926962025-01-31 SC392696core:WithinOneYear2026-01-31 SC392696core:WithinOneYear2025-01-31 SC392696core:AfterOneYear2026-01-31 SC392696core:AfterOneYear2025-01-31 SC392696core:ShareCapitalcore:PreviouslyStatedAmount2026-01-31 SC392696core:ShareCapitalcore:PreviouslyStatedAmount2025-01-31 SC392696core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2026-01-31 SC392696core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-01-31 SC392696core:PreviouslyStatedAmount2026-01-31 SC392696core:PreviouslyStatedAmount2025-01-31 SC392696business:SmallEntities2025-02-012026-01-31 SC392696countries:Scotland2025-02-012026-01-31 SC392696core:LandBuildings2025-01-31 SC392696core:PlantMachinery2025-01-31 SC392696core:MotorVehicles2025-01-31 SC392696core:FurnitureFittings2025-01-31 SC392696core:ComputerEquipment2025-01-31 SC392696core:LandBuildings2026-01-31 SC392696core:PlantMachinery2026-01-31 SC392696core:MotorVehicles2026-01-31 SC392696core:FurnitureFittings2026-01-31 SC392696core:ComputerEquipment2026-01-31 SC392696core:LandBuildings2025-02-012026-01-31 SC392696core:PlantMachinery2025-02-012026-01-31 SC392696core:MotorVehicles2025-02-012026-01-31 SC392696core:FurnitureFittings2025-02-012026-01-31 SC392696core:ComputerEquipment2025-02-012026-01-31 SC3926962024-02-012025-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC392696 (Scotland)
Monkeyleith Ltd Unaudited accounts for the year ended 31 January 2026
Monkeyleith Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Monkeyleith Ltd Company Information for the year ended 31 January 2026
Directors
MARTIN PROUDLER Scott Nicoll
Company Number
SC392696 (Scotland)
Registered Office
McCreath Accountancy Unit B Phoenix House, Phoenix Business Park Paisley Renfrewshire PA1 2BH Scotland
Accountants
McCreath Accountancy Phoenix House Phoenix Business Park Paisley Renfrewshire PA1 2BH
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Monkeyleith Ltd Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
276,118 
286,238 
Investment property
5
255,020 
255,020 
531,138 
541,258 
Current assets
Inventories
17,500 
15,000 
Debtors
6
284,540 
3,002 
Cash at bank and in hand
205,981 
488,310 
508,021 
506,312 
Creditors: amounts falling due within one year
7
(203,967)
(264,612)
Net current assets
304,054 
241,700 
Total assets less current liabilities
835,192 
782,958 
Creditors: amounts falling due after more than one year
8
- 
(4,946)
Net assets
835,192 
778,012 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
835,092 
777,912 
Shareholders' funds
835,192 
778,012 
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. 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 28 October 2026 and were signed on its behalf by
Scott Nicoll Director Company Registration No. SC392696
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Monkeyleith Ltd Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Monkeyleith Ltd is a private company, limited by shares, registered in Scotland, registration number SC392696. The registered office is McCreath Accountancy, Unit B, Phoenix House, Phoenix Business Park, Paisley, Renfrewshire, PA1 2BH, Scotland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Prior year adjustment
The comparative figures have been restated to correct errors in the financial statements for the year ended 31 January 2025. The corporation tax charge for that year of £32,541 was omitted from the financial statements, and the VAT liability and the Bounce Back Loan balance were overstated by £6,775 and £3,357 respectively. The net effect of the restatement is to reduce the profit and loss reserve at 31 January 2025 by £22,409, from £800,321 to £777,912.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Monkeyleith Ltd Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2025
350,000 
10,418 
10,744 
26,662 
292 
398,116 
At 31 January 2026
350,000 
10,418 
10,744 
26,662 
292 
398,116 
Depreciation
At 1 February 2025
70,000 
5,210 
10,744 
25,632 
292 
111,878 
Charge for the year
7,000 
2,605 
- 
515 
- 
10,120 
At 31 January 2026
77,000 
7,815 
10,744 
26,147 
292 
121,998 
Net book value
At 31 January 2026
273,000 
2,603 
- 
515 
- 
276,118 
At 31 January 2025
280,000 
5,208 
- 
1,030 
- 
286,238 
5
Investment property
2026 
£ 
Fair value at 1 February 2025
255,020 
At 31 January 2026
255,020 
6
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,540 
3,002 
Other debtors
280,000 
- 
284,540 
3,002 
7
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
3,339 
8,410 
VAT
30,840 
21,267 
Trade creditors
29,264 
49,898 
Taxes and social security
24,610 
91,476 
Other creditors
2 
- 
Loans from directors
111,684 
93,561 
Accruals
4,228 
- 
203,967 
264,612 
8
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
- 
4,946 
- 6 -
Monkeyleith Ltd Notes to the Accounts for the year ended 31 January 2026
9
Transactions with related parties
At the balance sheet date the company owed £111,684 (2025: £93,561) to its directors, M Proudler £68,525 and S Nicoll £43,159. These balances are unsecured, interest free and repayable on demand. During the year the company paid each director £5,000 (total £10,000) for the use of their homes as offices. At the balance sheet date the company was owed £280,000 (2025: £nil) by Brasses Ltd, a company controlled by M Proudler, a director. The loan is unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 15 (2025: 15).
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