Mona Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05070462 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MONA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms D Montagut

REGISTERED OFFICE:

13 Willingdon Road

Eastbourne

East Sussex

BN21 1TN

REGISTERED NUMBER:

05070462 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

CURRENT ASSETS

Stocks

2,138

2,250

Debtors

-

54

Cash at bank and in hand

12,541

15,770

14,679

18,074

CREDITORS

Amounts falling due within one year

23,306

24,202

NET CURRENT LIABILITIES

(8,627

)

(6,128

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,627

)

(6,128

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(8,628

)

(6,129

)

SHAREHOLDERS' FUNDS

(8,627

)

(6,128

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 September 2016 and were signed by:

Ms D Montagut - Director

1.	ACCOUNTING POLICIES

Going concern

These accounts have been prepared on the basis the company will continue to be a going concern.

This is dependent on the continued financial support of the company's director.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving

at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

2,366

DEPRECIATION

At 1 January 2015

and 31 December 2015

2,366

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1