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REGISTERED NUMBER: 02520603 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MONARCH SOFTWARE SYSTEMS LTD

MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONARCH SOFTWARE SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Amess
M I Trill
A Everett





SECRETARY: M J Amess





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 02520603 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,781 131,191
116,781 131,191

CURRENT ASSETS
Debtors 6 767,579 392,459
Cash at bank 325,438 686,352
1,093,017 1,078,811
CREDITORS
Amounts falling due within one year 7 (343,646 ) (383,650 )
NET CURRENT ASSETS 749,371 695,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,152

826,352

CREDITORS
Amounts falling due after more than one
year

8

-

(7,613

)
NET ASSETS 866,152 818,739

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 865,152 817,739
SHAREHOLDERS' FUNDS 866,152 818,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




M I Trill - Director



M Amess - Director


MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Monarch Software Systems 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

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.

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 46 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 August 2023
and 31 July 2024 2,971
AMORTISATION
At 1 August 2023
and 31 July 2024 2,971
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 5,697 29,322 200,631 155,271 390,921
Additions 266 5,671 - 29,532 35,469
At 31 July 2024 5,963 34,993 200,631 184,803 426,390
DEPRECIATION
At 1 August 2023 4,609 18,290 100,226 136,605 259,730
Charge for year 271 2,506 25,101 22,001 49,879
At 31 July 2024 4,880 20,796 125,327 158,606 309,609
NET BOOK VALUE
At 31 July 2024 1,083 14,197 75,304 26,197 116,781
At 31 July 2023 1,088 11,032 100,405 18,666 131,191

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 200,631
DEPRECIATION
At 1 August 2023 100,226
Charge for year 25,101
At 31 July 2024 125,327
NET BOOK VALUE
At 31 July 2024 75,304
At 31 July 2023 100,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 736,427 374,692
Other debtors 31,152 17,767
767,579 392,459

MONARCH SOFTWARE SYSTEMS LTD (REGISTERED NUMBER: 02520603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,613 19,192
Trade creditors 28,116 8,835
Taxation and social security 301,218 338,946
Other creditors 6,699 16,677
343,646 383,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 7,613

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000