2023-01-012023-12-312023-12-31false03977053MONARK GLOBAL LIMITED2024-08-0582990iso4217:GBPxbrli:pure039770532023-01-01039770532023-12-31039770532023-01-012023-12-31039770532022-01-01039770532022-12-31039770532022-01-012022-12-3103977053bus:SmallEntities2023-01-012023-12-3103977053bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3103977053bus:FullAccounts2023-01-012023-12-3103977053bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103977053core:WithinOneYear2023-12-3103977053core:AfterOneYear2023-12-3103977053core:WithinOneYear2022-12-3103977053core:AfterOneYear2022-12-3103977053core:ShareCapital2023-12-3103977053core:SharePremium2023-12-3103977053core:RevaluationReserve2023-12-3103977053core:OtherReservesSubtotal2023-12-3103977053core:RetainedEarningsAccumulatedLosses2023-12-3103977053core:ShareCapital2022-12-3103977053core:SharePremium2022-12-3103977053core:RevaluationReserve2022-12-3103977053core:OtherReservesSubtotal2022-12-3103977053core:RetainedEarningsAccumulatedLosses2022-12-3103977053core:LandBuildings2023-12-3103977053core:PlantMachinery2023-12-3103977053core:Vehicles2023-12-3103977053core:FurnitureFittings2023-12-3103977053core:OfficeEquipment2023-12-3103977053core:NetGoodwill2023-12-3103977053core:IntangibleAssetsOtherThanGoodwill2023-12-3103977053core:ListedExchangeTraded2023-12-3103977053core:UnlistedNon-exchangeTraded2023-12-3103977053core:LandBuildings2022-12-3103977053core:PlantMachinery2022-12-3103977053core:Vehicles2022-12-3103977053core:FurnitureFittings2022-12-3103977053core:OfficeEquipment2022-12-3103977053core:NetGoodwill2022-12-3103977053core:IntangibleAssetsOtherThanGoodwill2022-12-3103977053core:ListedExchangeTraded2022-12-3103977053core:UnlistedNon-exchangeTraded2022-12-3103977053core:LandBuildings2023-01-012023-12-3103977053core:PlantMachinery2023-01-012023-12-3103977053core:Vehicles2023-01-012023-12-3103977053core:FurnitureFittings2023-01-012023-12-3103977053core:OfficeEquipment2023-01-012023-12-3103977053core:NetGoodwill2023-01-012023-12-3103977053core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103977053core:ListedExchangeTraded2023-01-012023-12-3103977053core:UnlistedNon-exchangeTraded2023-01-012023-12-3103977053core:MoreThanFiveYears2023-01-012023-12-3103977053core:Non-currentFinancialInstruments2023-12-3103977053core:Non-currentFinancialInstruments2022-12-3103977053dpl:CostSales2023-01-012023-12-3103977053dpl:DistributionCosts2023-01-012023-12-3103977053core:LandBuildings2023-01-012023-12-3103977053core:PlantMachinery2023-01-012023-12-3103977053core:Vehicles2023-01-012023-12-3103977053core:FurnitureFittings2023-01-012023-12-3103977053core:OfficeEquipment2023-01-012023-12-3103977053dpl:AdministrativeExpenses2023-01-012023-12-3103977053core:NetGoodwill2023-01-012023-12-3103977053core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103977053dpl:GroupUndertakings2023-01-012023-12-3103977053dpl:ParticipatingInterests2023-01-012023-12-3103977053dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3103977053core:ListedExchangeTraded2023-01-012023-12-3103977053dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3103977053core:UnlistedNon-exchangeTraded2023-01-012023-12-3103977053dpl:CostSales2022-01-012022-12-3103977053dpl:DistributionCosts2022-01-012022-12-3103977053core:LandBuildings2022-01-012022-12-3103977053core:PlantMachinery2022-01-012022-12-3103977053core:Vehicles2022-01-012022-12-3103977053core:FurnitureFittings2022-01-012022-12-3103977053core:OfficeEquipment2022-01-012022-12-3103977053dpl:AdministrativeExpenses2022-01-012022-12-3103977053core:NetGoodwill2022-01-012022-12-3103977053core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3103977053dpl:GroupUndertakings2022-01-012022-12-3103977053dpl:ParticipatingInterests2022-01-012022-12-3103977053dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3103977053core:ListedExchangeTraded2022-01-012022-12-3103977053dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3103977053core:UnlistedNon-exchangeTraded2022-01-012022-12-3103977053core:NetGoodwill2023-12-3103977053core:IntangibleAssetsOtherThanGoodwill2023-12-3103977053core:LandBuildings2023-12-3103977053core:PlantMachinery2023-12-3103977053core:Vehicles2023-12-3103977053core:FurnitureFittings2023-12-3103977053core:OfficeEquipment2023-12-3103977053core:AfterOneYear2023-12-3103977053core:WithinOneYear2023-12-3103977053core:ListedExchangeTraded2023-12-3103977053core:UnlistedNon-exchangeTraded2023-12-3103977053core:ShareCapital2023-12-3103977053core:SharePremium2023-12-3103977053core:RevaluationReserve2023-12-3103977053core:OtherReservesSubtotal2023-12-3103977053core:RetainedEarningsAccumulatedLosses2023-12-3103977053core:NetGoodwill2022-12-3103977053core:IntangibleAssetsOtherThanGoodwill2022-12-3103977053core:LandBuildings2022-12-3103977053core:PlantMachinery2022-12-3103977053core:Vehicles2022-12-3103977053core:FurnitureFittings2022-12-3103977053core:OfficeEquipment2022-12-3103977053core:AfterOneYear2022-12-3103977053core:WithinOneYear2022-12-3103977053core:Liste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MONARK GLOBAL LIMITED

Registered Number
03977053
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MONARK GLOBAL LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

GULLAN, Leonard Lawrence Curle
GULLAN, Lynette Denita
GULLAN, Philip Lawrence Curle
JACOBS, André Martin
SWIFT, Julie Ann

Company Secretary

CARGIL MANAGEMENT SERVICES LIMITED

Registered Address

27-28 Eastcastle Street
London
W1W 8DH

Registered Number

03977053 (England and Wales)
MONARK GLOBAL LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets328,63430,082
Tangible assets4-670
Investments5124,940124,940
153,574155,692
Current assets
Stocks6198,948215,619
Debtors156,660158,965
Cash at bank and on hand33,02288,105
388,630462,689
Creditors amounts falling due within one year7(465,727)(355,740)
Net current assets (liabilities)(77,097)106,949
Total assets less current liabilities76,477262,641
Creditors amounts falling due after one year8(25,226)(75,226)
Net assets51,251187,415
Capital and reserves
Called up share capital500,000500,000
Profit and loss account(448,749)(312,585)
Shareholders' funds51,251187,415
The financial statements were approved and authorised for issue by the Board of Directors on 5 August 2024, and are signed on its behalf by:
JACOBS, André Martin
Director
Registered Company No. 03977053
MONARK GLOBAL LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2387,15887,158
Additions6,2476,247
At 31 December 2393,40593,405
Amortisation and impairment
At 01 January 2357,07657,076
Charge for year7,6957,695
At 31 December 2364,77164,771
Net book value
At 31 December 2328,63428,634
At 31 December 2230,08230,082
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 233,0003,000
At 31 December 233,0003,000
Depreciation and impairment
At 01 January 232,3302,330
Charge for year670670
At 31 December 233,0003,000
Net book value
At 31 December 23--
At 31 December 22670670
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 23124,940124,940
At 31 December 23124,940124,940
Net book value
At 31 December 23124,940124,940
At 31 December 22124,940124,940

Notes

1Investments in group undertakings and participating interests
6.Stocks

2023

2022

££
Other stocks198,948215,619
Total198,948215,619
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables54,79050,329
Bank borrowings and overdrafts128,097115,930
Amounts owed to related parties73,00030,000
Taxation and social security56,28677,068
Other creditors86,14243,942
Accrued liabilities and deferred income67,41238,471
Total465,727355,740
8.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties25,22675,226
Total25,22675,226