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REGISTERED NUMBER: 13403145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Monarc Services Ltd

Monarc Services Ltd (Registered number: 13403145)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monarc Services Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: C Sibbick





REGISTERED OFFICE: 2a Spencer Street
New Clee Industrial Estate
Grimsby
North East Lincs
DN31 3AA





REGISTERED NUMBER: 13403145 (England and Wales)






Monarc Services Ltd (Registered number: 13403145)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,688 23,856

CURRENT ASSETS
Stocks 44,500 10,000
Debtors 5 23,847 7,826
Cash at bank 1,775 11,896
70,122 29,722
CREDITORS
Amounts falling due within one year 6 79,376 39,981
NET CURRENT LIABILITIES (9,254 ) (10,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,434

13,597

CREDITORS
Amounts falling due after more than one
year

7

8,725

12,464
NET ASSETS 709 1,133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 609 1,033
709 1,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Monarc Services Ltd (Registered number: 13403145)

Balance Sheet - continued
31 May 2023


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 11 January 2024 and were signed by:





C Sibbick - Director


Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Monarc Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 20% on cost

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.

Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 27,958
Additions 494
At 31 May 2023 28,452
DEPRECIATION
At 1 June 2022 4,102
Charge for year 5,662
At 31 May 2023 9,764
NET BOOK VALUE
At 31 May 2023 18,688
At 31 May 2022 23,856

Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 19,721
DEPRECIATION
At 1 June 2022
and 31 May 2023 2,958
NET BOOK VALUE
At 31 May 2023 16,763
At 31 May 2022 16,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 19,919 4,026
Other debtors 3,928 3,800
23,847 7,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 3,739 3,739
Trade creditors 11,310 1,169
Taxation and social security 3,148 506
Other creditors 61,179 34,567
79,376 39,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 8,725 12,464

Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 12,464 16,203

The company's hire purchase liabilities are secured against the assets being acquired.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Sibbick.