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REGISTERED NUMBER: 02774106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MONARCH RECRUITMENT LIMITED

MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MONARCH RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J E Freeman
M J Hunt





SECRETARY: Mrs J E Freeman





REGISTERED OFFICE: Monarch Recruitment Ltd 11 Abbott Suite
6 Bennetts Hill
Birmingham
West Midlands
B2 5ST





REGISTERED NUMBER: 02774106 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 675
Investments 5 1 1
199 676

CURRENT ASSETS
Debtors 6 308,539 444,831
Prepayments and accrued income 40,478 87,703
Cash at bank 348,590 640,678
697,607 1,173,212
CREDITORS
Amounts falling due within one year 7 803,772 1,065,332
NET CURRENT (LIABILITIES)/ASSETS (106,165 ) 107,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

(105,966

)

108,556

CREDITORS
Amounts falling due after more than one
year

8

71,702

121,835
NET LIABILITIES (177,668 ) (13,279 )

CAPITAL AND RESERVES
Called up share capital 49 50
Capital redemption reserve 51 51
Retained earnings (177,768 ) (13,380 )
SHAREHOLDERS' FUNDS (177,668 ) (13,279 )

MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





M J Hunt - Director


MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)

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

1. STATUTORY INFORMATION

Monarch Recruitment Limited 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.
Plant and machinery etc - 33.3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2023 - 6 ) .

MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 47,955
Disposals 2
At 31 March 2024 47,957
DEPRECIATION
At 1 April 2023 47,280
Charge for year 477
Eliminated on disposal 2
At 31 March 2024 47,759
NET BOOK VALUE
At 31 March 2024 198
At 31 March 2023 675

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 305,481 436,392
Other debtors 3,058 8,439
308,539 444,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,738 53,714
Trade creditors 198,123 366,197
Taxation and social security 6,242 20,257
Other creditors 545,669 625,164
803,772 1,065,332

MONARCH RECRUITMENT LIMITED (REGISTERED NUMBER: 02774106)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 71,702 121,835

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 125,440 175,549

ABN Amro Commercial Finance PLC hold a charge over all undertakings of the business for the amount in bank loans and overdrafts.

Barclays Bank PLC hold a charge over all undertakings of the business for all money and liabilities due now or in the future, owing or incurred by the company.