Company Registration No. 03538006 (England and Wales)
MONOKOVE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
MONOKOVE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MONOKOVE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
12,640
9,107
Current assets
Stocks
19,700
20,980
Debtors
31,498
26,470
Cash at bank and in hand
64
366
51,262
47,816
Creditors: amounts falling due within one year
(32,523)
(32,171)
Net current assets
18,739
15,645
Total assets less current liabilities
31,379
24,752
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
31,377
24,750
Shareholders' funds
31,379
24,752
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 December 2016
Miss Y E Burton
Director
Company Registration No. 03538006
MONOKOVE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% Reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
21,880
13,571
35,451
Additions
-
4,913
4,913
Disposals
-
(30)
(30)
At 31 March 2016
21,880
18,454
40,334
Depreciation
At 1 April 2015
21,880
4,464
26,344
On disposals
-
(30)
(30)
Charge for the year
-
1,380
1,380
At 31 March 2016
21,880
5,814
27,694
Net book value
At 31 March 2016
-
12,640
12,640
At 31 March 2015
-
9,107
9,107
MONOKOVE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
2016-03-312015-04-01falsetruetruetruetruetruetmpAF5A.html2016-12-15035380062015-04-012016-03-31035380062016-03-31035380062015-03-31035380062015-03-3103538006uk-bus:Director12015-04-012016-03-3103538006uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-3103538006uk-bus:OrdinaryShareClass12015-04-012016-03-3103538006uk-bus:OrdinaryShareClass12016-03-3103538006uk-bus:OrdinaryShareClass12015-03-31xbrli:purexbrli:sharesiso4217:GBP
