MONOGRAM_TECHNOLOGIES_LIM - Accounts

MONOGRAM_TECHNOLOGIES_LIM - Accounts

MONOGRAM TECHNOLOGIES LIMITED - Company Information

Print Friendly Version

Company Registration No. 01428117 (England and Wales)
MONOGRAM TECHNOLOGIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
MONOGRAM TECHNOLOGIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
MONOGRAM TECHNOLOGIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
900,000
900,000
Investments
2
1,039,118
985,222
1,939,118
1,885,222
Current assets
Stocks
703,883
703,883
Debtors
1,111,650
1,144,617
Cash at bank and in hand
18,075
25,651
1,833,608
1,874,151
Creditors: amounts falling due within one year
(7,235,497)
(7,322,454)
Net current liabilities
(5,401,889)
(5,448,303)
Total assets less current liabilities
(3,462,771)
(3,563,081)
Creditors: amounts falling due after more than one year
(382,176)
(437,462)
(3,844,947)
(4,000,543)
Capital and reserves
Called up share capital
3
250,000
250,000
Profit and loss account
(4,094,947)
(4,250,543)
Shareholders' funds
(3,844,947)
(4,000,543)
MONOGRAM TECHNOLOGIES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2014
31 March 2014
- 2 -
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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 18 November 2014
Mr R F Aird
Director
Company Registration No. 01428117
MONOGRAM TECHNOLOGIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
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 April 2008).
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 fees and rents receivable, and sales net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Nil
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.
MONOGRAM TECHNOLOGIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2013
900,000
1,285,000
2,185,000
Additions
-
0
53,896
53,896
At 31 March 2014
900,000
1,338,896
2,238,896
Depreciation
At 1 April 2013 & at 31 March 2014
-
0
299,778
299,778
Net book value
At 31 March 2014
900,000
1,039,118
1,939,118
At 31 March 2013
900,000
985,222
1,885,222
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Cyfas Systems Limited
England
Ordinary
80.00
Intelligent Security Limited
England
Ordinary
100.00
Hockfree Limited
England
Ordinary
100.00
Sedgewall Limited
England
Ordinary
90.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
Cyfas Systems Limited
Design and Intergration of communciation systems
362,972
117,608
Intelligent Security Limited
Design of Security Systems
860,299
118,911
Hockfree Limited
Distribution of telecommunication products
10,819
(832)
Sedgewall Limited
Communication Systems
45,352
45,252
MONOGRAM TECHNOLOGIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 5 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100,000 Ordinary shares of £1 each
100,000
100,000
150,000 A shares of £1 each
150,000
150,000
250,000
250,000
2014-03-312013-04-01truetruetruefalsetruetruetmp47F2.html2014-11-20014281172013-04-012014-03-31014281172014-03-31014281172013-03-31014281172013-03-3101428117uk-bus:CompanySecretaryDirector2013-04-012014-03-3101428117uk-gaap:LandBuildings2013-04-012014-03-3101428117uk-gaap:Subsidiary12013-04-012014-03-3101428117uk-gaap:Subsidiary22013-04-012014-03-3101428117uk-gaap:Subsidiary32013-04-012014-03-3101428117uk-gaap:Subsidiary42013-04-012014-03-3101428117uk-gaap:Subsidiary12014-03-3101428117uk-gaap:Subsidiary22014-03-3101428117uk-gaap:Subsidiary32014-03-3101428117uk-gaap:Subsidiary42014-03-3101428117uk-bus:OrdinaryShareClass12013-04-012014-03-3101428117uk-bus:OrdinaryShareClass22013-04-012014-03-3101428117uk-bus:OrdinaryShareClass12014-03-3101428117uk-bus:OrdinaryShareClass22014-03-3101428117uk-bus:OrdinaryShareClass12013-03-3101428117uk-bus:OrdinaryShareClass22013-03-3101428117uk-curr:PoundSterling2013-04-012014-03-31xbrli:purexbrli:sharesiso4217:GBP