Company Registration No. SC316794 (Scotland)
Monarch Engineering Solutions Limited
Unaudited accounts
for the year ended 28 February 2025
Monarch Engineering Solutions Limited
Unaudited accounts
Contents
Monarch Engineering Solutions Limited
Company Information
for the year ended 28 February 2025
Director
Ewan Andrew Harrison
Company Number
SC316794 (Scotland)
Registered Office
THE SOUTERS SHOP : THE SQUARE
MONYMUSK
INVERURIE
ABERDEENSHIRE
AB51 7HJ
Monarch Engineering Solutions Limited
Statement of financial position
as at 28 February 2025
Tangible assets
994,135
961,288
Cash at bank and in hand
53,105
21,276
Creditors: amounts falling due within one year
(51,737)
(27,322)
Net current assets/(liabilities)
21,483
(3,281)
Total assets less current liabilities
1,020,050
962,124
Provisions for liabilities
Deferred tax
(30,307)
(35,682)
Net assets
989,743
926,442
Called up share capital
20
20
Profit and loss account
989,723
926,422
Shareholders' funds
989,743
926,442
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2025 and were signed on its behalf by
Ewan Andrew Harrison
Director
Company Registration No. SC316794
Monarch Engineering Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
Monarch Engineering Solutions Limited is a private company, limited by shares, registered in Scotland, registration number SC316794. The registered office is THE SOUTERS SHOP : THE SQUARE, MONYMUSK, INVERURIE, ABERDEENSHIRE, AB51 7HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
(Property Improvements)10% on Reducing Balance
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monarch Engineering Solutions Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2024
841,813
330,155
26,137
9,231
1,681
1,209,017
Additions
36,480
40,360
-
375
-
77,215
At 28 February 2025
878,293
370,515
26,137
9,606
1,681
1,286,232
At 1 March 2024
15,738
200,680
22,157
8,326
828
247,729
Charge for the year
381
42,459
995
320
213
44,368
At 28 February 2025
16,119
243,139
23,152
8,646
1,041
292,097
At 28 February 2025
862,174
127,376
2,985
960
640
994,135
At 29 February 2024
826,075
129,475
3,980
905
853
961,288
5
Investments
Other investments
Valuation at 1 March 2024
4,117
Valuation at 28 February 2025
4,432
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
26,732
15,430
Other creditors
2,328
3,572
Loans from directors
9,363
7,334
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).