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REGISTERED NUMBER: 01849131 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MONARCH CHEMISTS LIMITED

MONARCH CHEMISTS LIMITED (REGISTERED NUMBER: 01849131)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MONARCH CHEMISTS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Mrs S Kanabar
R Kanabar
A Kanabar





REGISTERED OFFICE: 318 Radford Road
Coventry
West Midlands
CV6 3AA





REGISTERED NUMBER: 01849131 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

MONARCH CHEMISTS LIMITED (REGISTERED NUMBER: 01849131)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 187,806 103,219

CURRENT ASSETS
Stocks 176,081 235,395
Debtors 5 945,267 752,924
Cash at bank and in hand 425,805 294,173
1,547,153 1,282,492
CREDITORS
Amounts falling due within one year 6 591,821 322,313
NET CURRENT ASSETS 955,332 960,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,138

1,063,398

PROVISIONS FOR LIABILITIES 12,775 15,055
NET ASSETS 1,130,363 1,048,343

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,130,263 1,048,243
1,130,363 1,048,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 July 2025 and were signed on its behalf by:



R Kanabar - Director


MONARCH CHEMISTS LIMITED (REGISTERED NUMBER: 01849131)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Monarch Chemists 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.

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.
Short leasehold - Unexpired Term of Lease
Improvements to property - Equal instalments over period of lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MONARCH CHEMISTS LIMITED (REGISTERED NUMBER: 01849131)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Motor
leasehold property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 39,195 4,050 678,080 48,838 770,163
Additions - 100,000 - - 100,000
At 31 October 2024 39,195 104,050 678,080 48,838 870,163
DEPRECIATION
At 1 November 2023 24,241 579 604,875 37,249 666,944
Charge for year 1,246 289 10,981 2,897 15,413
At 31 October 2024 25,487 868 615,856 40,146 682,357
NET BOOK VALUE
At 31 October 2024 13,708 103,182 62,224 8,692 187,806
At 31 October 2023 14,954 3,471 73,205 11,589 103,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 394,401 340,284
Other debtors 446,549 351,185
VAT 62,084 38,318
Prepayments 42,233 23,137
945,267 752,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 7,518
Trade creditors 516,285 226,474
Tax 49,360 67,043
Social security and other taxes 13,856 12,518
Pension 2,403 -
Directors' current accounts 604 993
Accrued expenses 9,313 7,767
591,821 322,313