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Registered number: 04495914
Monarch Art Stone Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Hodgson Hey Limited
Heritage Exchange
South Lane
Elland
HX5 0HG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04495914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,670 27,122
27,670 27,122
CURRENT ASSETS
Stocks 5 45,607 37,125
Debtors 6 137,040 166,103
Cash at bank and in hand 63,783 103,088
246,430 306,316
Creditors: Amounts Falling Due Within One Year 7 (118,680 ) (138,527 )
NET CURRENT ASSETS (LIABILITIES) 127,750 167,789
TOTAL ASSETS LESS CURRENT LIABILITIES 155,420 194,911
Creditors: Amounts Falling Due After More Than One Year 8 (9,113 ) (19,113 )
NET ASSETS 146,307 175,798
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 146,207 175,698
SHAREHOLDERS' FUNDS 146,307 175,798
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S T Flanagan
Director
3rd September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monarch Art Stone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04495914 . The registered office is The Shed Bradford Road, Bailiff Bridge, Brighouse, HD6 4DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 13)
10 13
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 44,646 12,524 1,115 58,285
Additions 2,971 1,385 1,080 5,436
As at 31 July 2024 47,617 13,909 2,195 63,721
Depreciation
As at 1 August 2023 24,837 5,775 551 31,163
Provided during the period 3,417 1,220 251 4,888
As at 31 July 2024 28,254 6,995 802 36,051
Net Book Value
As at 31 July 2024 19,363 6,914 1,393 27,670
As at 1 August 2023 19,809 6,749 564 27,122
5. Stocks
2024 2023
£ £
Stock 45,607 37,125
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,761 160,627
Other debtors 9,279 5,476
137,040 166,103
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,653 63,297
Bank loans and overdrafts 10,000 10,000
Other creditors 7,428 13,130
Taxation and social security 38,599 52,100
118,680 138,527
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,113 19,113
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company was controlled by the directors who own 100% of the issued share capital.
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