REGISTERED NUMBER: 03114992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Monarch Flooring Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A L Dawes

Mr C R Warburton

SECRETARY:

R Dawes

REGISTERED OFFICE:

10 St Quentin Drive

Sheffield

South Yorkshire

S17 4PP

REGISTERED NUMBER:

03114992 (England and Wales)

ACCOUNTANTS:

Hawson Jefferies

Suite 4

164-170 Queens Road

Sheffield

South Yorkshire

S2 4DH

FIXED ASSETS

Tangible assets

4

19,729

26,754

CURRENT ASSETS

Stocks

74,000

62,000

Debtors

5

232,281

233,813

Cash at bank

30,017

62,751

336,298

358,564

CREDITORS

Amounts falling due within one year

6

236,131

254,660

NET CURRENT ASSETS

100,167

103,904

TOTAL ASSETS LESS CURRENT LIABILITIES

119,896

130,658

CREDITORS

Amounts falling due after more than one year

7

(4,634

)

(14,832

)

PROVISIONS FOR LIABILITIES

(6,688

)

(6,688

)

NET ASSETS

108,574

109,138

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

108,474

109,038

SHAREHOLDERS' FUNDS

108,574

109,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 September 2025 and were signed on its behalf by:

Mr A L Dawes - Director

1.	STATUTORY INFORMATION

Monarch Flooring Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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

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.

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 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

14,433

22,860

13,807

Disposals

-

(6,700

)

-

At 31 December 2024

14,433

16,160

13,807

DEPRECIATION

At 1 January 2024

10,102

9,516

6,728

Charge for year

1,443

1,674

1,062

Eliminated on disposal

-

(4,514

)

-

At 31 December 2024

11,545

6,676

7,790

NET BOOK VALUE

At 31 December 2024

2,888

9,484

6,017

At 31 December 2023

4,331

13,344

7,079

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

-

5,469

56,569

Disposals

-

-

(6,700

)

At 31 December 2024

-

5,469

49,869

DEPRECIATION

At 1 January 2024

-

3,469

29,815

Charge for year

-

660

4,839

Eliminated on disposal

-

-

(4,514

)

At 31 December 2024

-

4,129

30,140

NET BOOK VALUE

At 31 December 2024

-

1,340

19,729

At 31 December 2023

-

2,000

26,754

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

201,200

199,483

Other debtors

31,081

34,330

232,281

233,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,178

10,118

Trade creditors

138,998

190,113

Taxation and social security

40,546

24,055

Other creditors

46,409

30,374

236,131

254,660

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,634

14,832