Company Registration Number 05006473 (England and Wales)
MONOCOM UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
MONOCOM UK LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONOCOM UK LTD FOR THE YEAR ENDED 31 JANUARY 2017
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monocom UK Ltd for the year ended 31 January 2017 which comprise the Profit and Loss Account and the Balance Sheet from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the
b
oard of
d
irectors of Monocom UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Monocom UK Ltd and state those matters that we have agreed to state to the
b
oard of
d
irectors of Monocom UK Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monocom UK Ltd and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that Monocom UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Monocom UK Ltd. You consider that Monocom UK Ltd is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Monocom UK Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TaxAssist Accountants
27 October 2017
Accountants
265 Cowley Road
Oxford
OX4 1XQ
MONOCOM UK LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2017
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2017
2016
£
£
Turnover
136,266
112,337
Cost of raw materials and consumables
(486)
-
Staff costs
(84,573)
(73,018)
Depreciation and other amounts written off assets
(126)
(36)
Other charges
(30,888)
(25,127)
Tax
(3,847)
(2,807)
Profit
16,346
11,349
MONOCOM UK LTD
BALANCE SHEET
AS AT
31 JANUARY 2017
31 January 2017
- 3 -
2017
2016
£
£
£
£
Fixed assets
1,078
122
Current assets
29,796
31,002
Prepayments and accrued income
413
-
Creditors: amounts falling due within one year
(12,283)
(18,466)
Net current assets
17,926
12,536
Total assets less current liabilities
19,004
12,658
Net assets
19,004
12,658
Capital and reserves
19,004
12,658
Monocom UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 265 Cowley Road, Oxford, OX4 1XQ.
For the year ended 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105
'
The Financial Reporting Standard applicable to the Micro-entities Regime
'.
The financial statements were approved and signed by the director and authorised for issue on 27 October 2017
Mr M Merz
Director
Company Registration Number 05006473
MONOCOM UK LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 JANUARY 2017
2017
2016
£
£
Administrative expenses
Wages and salaries
75,859
71,619
Social security costs
499
1,399
Internship expenses
8,215
-
Staff recruitment costs
15,808
-
Staff welfare
167
691
Licences and insurance
370
390
Travel and subsistence
3,177
9,396
Legal and professional fees
461
743
Consultancy fees
-
1,645
Accountancy
6,405
4,170
Bank charges
1,070
1,745
Bad and doubtful debts
679
2,231
Printing postage and stationery
900
493
Advertising and marketing
889
210
Telecommunications
944
1,317
Entertaining
-
146
Sundry expenses
-
1,950
Depreciation
126
36
115,569
98,181