Company Registration No. 11230773 (England and Wales)
Monmouth Fabrics and Soft Furnishings Ltd
Unaudited accounts
for the year ended 28 February 2022
Monmouth Fabrics and Soft Furnishings Ltd
Unaudited accounts
Contents
Monmouth Fabrics and Soft Furnishings Ltd
Company Information
for the year ended 28 February 2022
Company Number
11230773 (England and Wales)
Registered Office
120 - 122 MONNOW STREET
MONMOUTH
NP25 3EQ
UNITED KINGDOM
Monmouth Fabrics and Soft Furnishings Ltd
Statement of financial position
as at
28 February 2022
Tangible assets
4,962
564
Cash at bank and in hand
19,897
57,683
Creditors: amounts falling due within one year
(27,596)
(21,573)
Net current assets
9,943
39,927
Total assets less current liabilities
14,905
40,491
Creditors: amounts falling due after more than one year
-
(50,000)
Net assets/(liabilities)
14,905
(9,509)
Profit and loss account
14,905
(9,509)
Shareholders' funds
14,905
(9,509)
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2022 and were signed on its behalf by
Beverley Cordy
Director
Company Registration No. 11230773
Monmouth Fabrics and Soft Furnishings Ltd
Notes to the Accounts
for the year ended 28 February 2022
Monmouth Fabrics and Soft Furnishings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11230773. The registered office is 120 - 122 MONNOW STREET, MONMOUTH, NP25 3EQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% Reducing Balance
Computer equipment
18% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2021
-
500
516
1,016
Additions
4,500
-
-
4,500
At 28 February 2022
4,500
500
516
5,516
At 1 March 2021
-
224
228
452
Charge for the year
-
50
52
102
At 28 February 2022
-
274
280
554
At 28 February 2022
4,500
226
236
4,962
At 28 February 2021
-
276
288
564
Monmouth Fabrics and Soft Furnishings Ltd
Notes to the Accounts
for the year ended 28 February 2022
Amounts falling due within one year
Trade debtors
16,449
3,517
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
12,586
13,284
Taxes and social security
-
620
Other creditors
153
3,797
Loans from directors
4,500
-
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).