MONTFORD ASSOCIATES LIMITED

MONTFORD ASSOCIATES LIMITED

MONTFORD ASSOCIATES LIMITED - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.15 09258311business:PrivateLimitedCompanyLtd2019-04-012020-03-31 092583112019-03-31 092583112019-04-012020-03-31 09258311business:AuditExemptWithAccountantsReport2019-04-012020-03-31 09258311business:FullAccounts2019-04-012020-03-31 092583112020-03-31 09258311business:Director12019-04-012020-03-31 09258311business:Director22019-04-012020-03-31 09258311business:RegisteredOffice2019-04-012020-03-31 092583112019-03-31 09258311core:WithinOneYear2020-03-31 09258311core:WithinOneYear2019-03-31 09258311core:AfterOneYear2020-03-31 09258311core:AfterOneYear2019-03-31 09258311core:ShareCapital2020-03-31 09258311core:ShareCapital2019-03-31 09258311core:RetainedEarningsAccumulatedLosses2020-03-31 09258311core:RetainedEarningsAccumulatedLosses2019-03-31 09258311business:SmallEntities2019-04-012020-03-31 09258311countries:EnglandWales2019-04-012020-03-31 09258311core:ComputerEquipment2019-04-012020-03-31 09258311core:ComputerEquipment2019-03-31 09258311core:ComputerEquipment2020-03-31 09258311business:Director112019-04-012020-03-31 09258311business:Director112019-03-31 09258311business:Director112020-03-31 09258311business:Director222019-04-012020-03-31 09258311business:Director222019-03-31 09258311business:Director222020-03-31 092583112018-11-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09258311 (England and Wales)
MONTFORD ASSOCIATES LIMITED Unaudited accounts for the year ended 31 March 2020
MONTFORD ASSOCIATES LIMITED Unaudited accounts Contents
Page
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MONTFORD ASSOCIATES LIMITED Company Information for the year ended 31 March 2020
Directors
Robert Whalley Stephanie Whalley
Company Number
09258311 (England and Wales)
Registered Office
72 HIGH STREET KENILWORTH WARWICKSHIRE CV8 1LZ
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MONTFORD ASSOCIATES LIMITED Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
190 
Current assets
Debtors
5
67,819 
39,692 
Cash at bank and in hand
579 
2,506 
68,398 
42,198 
Creditors: amounts falling due within one year
6
(22,691)
3,124 
Net current assets
45,707 
45,322 
Total assets less current liabilities
45,707 
45,512 
Creditors: amounts falling due after more than one year
7
(7,068)
(16,634)
Net assets
38,639 
28,878 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
38,637 
28,876 
Shareholders' funds
38,639 
28,878 
For the year ending 31 March 2020 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 11 December 2020 and were signed on its behalf by
Robert Whalley Director Company Registration No. 09258311
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MONTFORD ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
MONTFORD ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09258311. The registered office is 72 HIGH STREET, KENILWORTH, WARWICKSHIRE, CV8 1LZ.
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:
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2019
2,666 
At 31 March 2020
2,666 
Depreciation
At 1 April 2019
2,476 
Charge for the year
190 
At 31 March 2020
2,666 
Net book value
At 31 March 2020
- 
At 31 March 2019
190 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
5,968 
39,692 
Other debtors
61,851 
- 
67,819 
39,692 
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MONTFORD ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Bank loans and overdrafts
3,976 
- 
Trade creditors
207 
887 
Taxes and social security
14,656 
14,524 
Other creditors
3,237 
3,044 
Loans from directors
- 
(23,005)
Accruals
615 
1,426 
22,691 
(3,124)
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
7,068 
16,634 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Robert Whalley
Advances and credits
(13,139)
(31,205)
(13,418)
(30,926)
Stephanie Whalley
Advances and credits
(13,139)
(31,205)
(13,418)
(30,926)
(26,278)
(62,410)
(26,836)
(61,852)
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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