Mono Fire & Security Limited - Accounts to registrar (filleted) - small 18.2

Mono Fire & Security Limited - Accounts to registrar (filleted) - small 18.2

MONO FIRE & SECURITY LIMITED - Company Information

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IRIS Accounts Production v21.4.0.171 04114457 Board of Directors 1.10.20 30.9.21 30.9.21 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041144572020-09-30041144572021-09-30041144572020-10-012021-09-30041144572019-09-30041144572019-10-012020-09-30041144572020-09-3004114457ns16:EnglandWales2020-10-012021-09-3004114457ns15:PoundSterling2020-10-012021-09-3004114457ns11:Director12020-10-012021-09-3004114457ns11:PrivateLimitedCompanyLtd2020-10-012021-09-3004114457ns11:SmallEntities2020-10-012021-09-3004114457ns11:AuditExempt-NoAccountantsReport2020-10-012021-09-3004114457ns11:SmallCompaniesRegimeForDirectorsReport2020-10-012021-09-3004114457ns11:SmallCompaniesRegimeForAccounts2020-10-012021-09-3004114457ns11:FullAccounts2020-10-012021-09-3004114457ns11:Director22020-10-012021-09-3004114457ns11:CompanySecretary12020-10-012021-09-3004114457ns11:RegisteredOffice2020-10-012021-09-3004114457ns6:CurrentFinancialInstruments2021-09-3004114457ns6:CurrentFinancialInstruments2020-09-3004114457ns6:ShareCapital2021-09-3004114457ns6:ShareCapital2020-09-3004114457ns6:CapitalRedemptionReserve2021-09-3004114457ns6:CapitalRedemptionReserve2020-09-3004114457ns6:RetainedEarningsAccumulatedLosses2021-09-3004114457ns6:RetainedEarningsAccumulatedLosses2020-09-3004114457ns6:CostValuation2020-09-3004114457ns6:Subsidiary12020-10-012021-09-30041144571ns6:Subsidiary12020-10-012021-09-30041144572ns6:Subsidiary12020-10-012021-09-30
REGISTERED NUMBER: 04114457 (England and Wales)















MONO FIRE & SECURITY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








MONO FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04114457)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MONO FIRE & SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: G M Smith
P Hallsworth



SECRETARY: C M Smith



REGISTERED OFFICE: Brierley House
335 Manchester Road East
Little Hulton
Manchester
M38 9AR



REGISTERED NUMBER: 04114457 (England and Wales)



ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: National Westminster Bank plc
Sale Branch
19 School Road
Sale
Cheshire
M33 7ZA
1
MONO FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04114457)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

2021 2020
as restated
Notes £    £   
FIXED ASSETS
Investments 4 364,372 364,372

CURRENT ASSETS
Cash at bank 92 50,092

CREDITORS
Amounts falling due within one year 5 (299,500 ) (349,500 )
NET CURRENT LIABILITIES (299,408 ) (299,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,964
64,964

CAPITAL AND RESERVES
Called up share capital 143 143
Capital redemption reserve 59,957 59,957
Retained earnings 4,864 4,864
SHAREHOLDERS' FUNDS 64,964 64,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2022 and were signed on its behalf by:




G M Smith - Director


The notes form part of these financial statements

2
MONO FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04114457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Mono Fire & Security Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04114457 and its registered office address is Brierley House, 335 Manchester Road East, Little Hulton, Manchester, M38 9AR.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is a non-trading holding company. The directors are satisfied that the company can continue in existence for the foreseeable future and have accordingly prepared the accounts on the going concern basis. Further details impact of Covid 19 can be found in the financial statements of the trading subsidiary, Mono Alarm Installations Limited.

Preparation of consolidated financial statements
The financial statements contain information about Mono Fire & Security Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting estimates and judgements
There are currently no critical accounting estimates and judgements applied by the directors that are considered key to the preparation of the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Income from fixed asset investments is received in the form of dividends and is credited to the income statement when receivable.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


3 continued...
MONO FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04114457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the
company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2020
and 30 September 2021 364,372
NET BOOK VALUE
At 30 September 2021 364,372
At 30 September 2020 364,372

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Mono Alarm Installations Limited
Registered office: United Kingdom
Nature of business: Security system installations
%
Class of shares: holding
Ordinary 100.00
Ordinary A 100.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Amounts owed to group undertakings 299,500 349,500

4 continued...
MONO FIRE & SECURITY LIMITED (REGISTERED NUMBER: 04114457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


6. SECURED DEBTS

The company holds an unlimited guarantee with its subsidiary in respect of fixed and floating charges secured against the bank loan and the overdraft facility by way of debenture, against the subsidiary company's assets. At the year end the overdraft facility was not in use.

5