Mono Limited 31/08/2022 iXBRL
Mono Limited 31/08/2022 iXBRL
Company registration number:
02843114
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Secretary |
|
|
Company number |
|
|
Registered office |
|
|
|
||
|
||
|
||
Accountants |
|
|
1 Kings Avenue | ||
Winchmore Hill | ||
Lonond | ||
N21 3NA | ||
Abridged statement of financial position
31 August 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
|
|
||||||
Tangible assets | 6 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Stocks | - |
|
|||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
(
|
(
|
|||||||
Provisions for liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Shareholders deficit |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 May 2023
, and are signed on behalf of the board by:
Director
Company registration number:
02843114
Notes to the financial statements
Year ended 31 August 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Kings Avenue, Winchmore Hill, London, N21 3NA.
The principal activity of the company is that of manufacture of dresses and separates.
2.
Statement of compliance
The financial statements have been prepared under the historical convention.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the presentation and functional currency of the entity.
The following accounting policies have been applied consistently throughout the year.
Going concern
Judgements and key sources of estimation uncertainty
The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are discussed below.- Useful lives of depreciable assetsManagement reviews the useful lives of depreciable assets at each reporting date to ensure that the useful lives represent a reasonable estimate of likely period of benefit to the Company. Actual useful lives, however, may vary due to unforseen events.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles | - |
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2021:
14
).
5.
Intangible assets
£ | ||
Cost | ||
At 1 September 2021 and 31 August 2022 |
|
|
_______ | ||
Amortisation | ||
At 1 September 2021 and 31 August 2022 | - | |
_______ | ||
Carrying amount | ||
At 31 August 2022 |
|
|
_______ | ||
At 31 August 2021 |
|
|
_______ | ||
6.
Tangible assets
£ | ||
Cost | ||
At 1 September 2021 and 31 August 2022 |
|
|
_______ | ||
Depreciation | ||
At 1 September 2021 |
|
|
Charge for the year |
|
|
_______ | ||
At 31 August 2022 |
|
|
_______ | ||
Carrying amount | ||
At 31 August 2022 |
|
|
_______ | ||
At 31 August 2021 |
|
|
_______ | ||
7.
Related party transactions
8.
Controlling party
There is no single ultimate controlling party.