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REGISTERED NUMBER: 13403145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Monarc Services Ltd

Monarc Services Ltd (Registered number: 13403145)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monarc Services Ltd

Company Information
for the Year Ended 31 May 2024







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 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,124 18,688

CURRENT ASSETS
Stocks 48,950 44,500
Debtors 5 32,164 23,847
Cash at bank 1,948 1,775
83,062 70,122
CREDITORS
Amounts falling due within one year 6 98,257 79,376
NET CURRENT LIABILITIES (15,195 ) (9,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,071

)

9,434

CREDITORS
Amounts falling due after more than one
year

7

4,986

8,725
NET (LIABILITIES)/ASSETS (6,057 ) 709

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,157 ) 609
(6,057 ) 709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 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 2024

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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is valued in FIFO basis.

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 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.

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 28,452
Additions 1,340
At 31 May 2024 29,792
DEPRECIATION
At 1 June 2023 9,764
Charge for year 5,904
At 31 May 2024 15,668
NET BOOK VALUE
At 31 May 2024 14,124
At 31 May 2023 18,688

Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

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 2023
and 31 May 2024 19,721
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,958
NET BOOK VALUE
At 31 May 2024 16,763
At 31 May 2023 16,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 26,615 19,919
Other debtors 5,549 3,928
32,164 23,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 3,739 3,739
Trade creditors 15,638 11,310
Taxation and social security 1,593 3,148
Other creditors 77,287 61,179
98,257 79,376

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 4,986 8,725

Monarc Services Ltd (Registered number: 13403145)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 8,725 12,464

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is C Sibbick.