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REGISTERED NUMBER: 03114992 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Monarch Flooring Services Limited

Monarch Flooring Services Limited (Registered number: 03114992)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monarch Flooring Services Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mr A L Dawes





REGISTERED OFFICE: Unit 7 Callywhite Lane
Dronfield
South Yorkshire
S18 2XP





REGISTERED NUMBER: 03114992 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Monarch Flooring Services Limited (Registered number: 03114992)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,182 35,047

CURRENT ASSETS
Stocks 85,000 95,000
Debtors 5 143,972 152,932
Cash at bank and in hand 6,474 37,175
235,446 285,107
CREDITORS
Amounts falling due within one year 6 214,434 269,090
NET CURRENT ASSETS 21,012 16,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,194

51,064

CREDITORS
Amounts falling due after more than one
year

7

(33,924

)

(44,167

)

PROVISIONS FOR LIABILITIES (6,305 ) (4,979 )
NET ASSETS 13,965 1,918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,865 1,818
SHAREHOLDERS' FUNDS 13,965 1,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Monarch Flooring Services Limited (Registered number: 03114992)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





Mr A L Dawes - Director


Monarch Flooring Services Limited (Registered number: 03114992)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Monarch Flooring Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Monarch Flooring Services Limited (Registered number: 03114992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2021 14,433 19,158 10,454
Additions - 4,826 412
At 31 December 2021 14,433 23,984 10,866
DEPRECIATION
At 1 January 2021 5,772 7,557 3,300
Charge for year 1,443 2,464 1,135
At 31 December 2021 7,215 10,021 4,435
NET BOOK VALUE
At 31 December 2021 7,218 13,963 6,431
At 31 December 2020 8,661 11,601 7,154

Monarch Flooring Services Limited (Registered number: 03114992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 18,065 4,887 66,997
Additions - - 5,238
At 31 December 2021 18,065 4,887 72,235
DEPRECIATION
At 1 January 2021 12,350 2,971 31,950
Charge for year 1,429 632 7,103
At 31 December 2021 13,779 3,603 39,053
NET BOOK VALUE
At 31 December 2021 4,286 1,284 33,182
At 31 December 2020 5,715 1,916 35,047

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2021
and 31 December 2021 18,065
DEPRECIATION
At 1 January 2021 12,348
Charge for year 1,429
At 31 December 2021 13,777
NET BOOK VALUE
At 31 December 2021 4,288
At 31 December 2020 5,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 108,721 78,671
Other debtors 35,251 74,261
143,972 152,932

Monarch Flooring Services Limited (Registered number: 03114992)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 10,648 5,833
Hire purchase contracts - 3,642
Trade creditors 125,635 152,871
Taxation and social security 46,205 76,599
Other creditors 31,946 30,145
214,434 269,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 33,924 44,167