MONKS BUILDING SERVICES LIMITED

MONKS BUILDING SERVICES LIMITED

UNIVERSAL BUILDING SPECIALISTS LTD - Company Information

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MONKS BUILDING SERVICES LIMITED

Company Registration Number:
08412093 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

MONKS BUILDING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

MONKS BUILDING SERVICES LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 0 5,925
Total fixed assets: 0 5,925
Current assets
Stocks: 216,318 284,850
Debtors:   2,531,136 2,106,445
Cash at bank and in hand: 418,821 263,668
Total current assets: 3,166,275 2,654,963
Creditors: amounts falling due within one year:   (2,365,206) (1,942,354)
Net current assets (liabilities): 801,069 712,609
Total assets less current liabilities: 801,069 718,534
Creditors: amounts falling due after more than one year:   (250,000) (250,000)
Total net assets (liabilities): 551,069 468,534
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 550,970 468,435
Shareholders funds: 551,069 468,534

The notes form part of these financial statements

MONKS BUILDING SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2019
and signed on behalf of the board by:

Name: Miss C. Smith
Status: Director

The notes form part of these financial statements

MONKS BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:P&M - 25% per written down valueF&F - 25% per written down valueMV - 25% per written down value

Valuation and information policy

Stocks Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods , cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

MONKS BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible Assets

Total
Cost £
At 01 April 2018 21,742
Disposals (21,742)
At 31 March 2019 0
Depreciation
At 01 April 2018 15,817
Charge for year 5,925
On disposals (21,742)
At 31 March 2019 0
Net book value
At 31 March 2019 0
At 31 March 2018 5,925