Monocle Mayhem Limited - Filleted accounts

MONOCLE MAYHEM LIMITED - Company Information

Registered number

11956000

Monocle Mayhem Limited

Filleted Accounts

31 January 2023

Monocle Mayhem Limited
Registered number:		11956000
Balance Sheet
as at 31 January 2023

Notes			2023			2022
£				£
Current assets
Debtors	3	109,461			109,461


Net current assets			109,461			109,461

Net assets			109,461			109,461

Capital and reserves
Called up share capital			1			1
Profit and loss account			109,460			109,460

Shareholders' funds			109,461			109,461

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




F Harvey
Director
Approved by the board on 12 April 2023

Monocle Mayhem Limited
Notes to the Accounts
for the year ended 31 January 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	These financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities. The directors consider that this is appropriate as they are confident that with their continued support, the company can remain in operational existence for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2023		2022
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2023		2022
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	109,460		109,460
	Other debtors	1		1
		109,461		109,461


4	Related party transactions

	At 31 January 2023, Monocle Mayhem Limited was owed £109,460 by Glowmade Limited (its 100% parent company) (31 January 2022: Moncole Mayhem Limited was owed £109,460 by Glowmade Limited).


5	Controlling party

	Monocle Mayhem Limited is a 100% subsidiary of Glowmade Limited, a company incorporated in England (Company number 09655330).


6	Other information

	Monocle Mayhem Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2nd Floor, Crossweys
	28-30 High Street
	Guildford
	Surrey
	GU1 3EL

Monocle Mayhem Limited 11956000 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 F Harvey No description of principal activity 11956000 2021-02-01 2022-01-31 11956000 core:ShareCapital 2022-01-31 11956000 core:RetainedEarningsAccumulatedLosses 2022-01-31 11956000 2022-02-01 2023-01-31 11956000 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11956000 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11956000 bus:Director40 2022-02-01 2023-01-31 11956000 1 2022-02-01 2023-01-31 11956000 2 2022-02-01 2023-01-31 11956000 countries:England 2022-02-01 2023-01-31 11956000 bus:FRS102 2022-02-01 2023-01-31 11956000 bus:FullAccounts 2022-02-01 2023-01-31 11956000 2023-01-31 11956000 core:ShareCapital 2023-01-31 11956000 core:RetainedEarningsAccumulatedLosses 2023-01-31 11956000 2022-01-31 iso4217:GBP xbrli:pure