Company Registration No. 04138608 (England and Wales)
Monarch Signs Limited
Unaudited accounts
for the year ended 31 December 2024
Monarch Signs Limited
Unaudited accounts
Contents
Monarch Signs Limited
Company Information
for the year ended 31 December 2024
Director
John Vincent Cook
Secretary
John Vincent Cook
Company Number
04138608 (England and Wales)
Registered Office
Monarch Signs
21a Hellesdon Park Road
Drayton High Road
Norwich
Norfolk
NR6 5DR
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Monarch Signs Limited
Statement of financial position
as at 31 December 2024
Tangible assets
13,330
20,042
Cash at bank and in hand
30,063
34,066
Creditors: amounts falling due within one year
(32,764)
(32,940)
Net current assets
19,213
16,954
Total assets less current liabilities
32,543
36,996
Creditors: amounts falling due after more than one year
(7,544)
(14,851)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
22,366
22,045
Shareholders' funds
22,466
22,145
For the year ending 31 December 2024 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 30 September 2025 and were signed on its behalf by
John Vincent Cook
Director
Company Registration No. 04138608
Monarch Signs Limited
Notes to the Accounts
for the year ended 31 December 2024
Monarch Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 04138608. The registered office is Monarch Signs, 21a Hellesdon Park Road, Drayton High Road, Norwich, Norfolk, NR6 5DR, England.
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:
Plant & machinery
33% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monarch Signs Limited
Notes to the Accounts
for the year ended 31 December 2024
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
40,564
33,722
4,233
561
79,080
Additions
-
-
3,504
-
3,504
At 31 December 2024
40,564
33,722
7,737
561
82,584
At 1 January 2024
25,631
29,139
4,233
35
59,038
Charge for the year
8,417
1,146
513
140
10,216
At 31 December 2024
34,048
30,285
4,746
175
69,254
At 31 December 2024
6,516
3,437
2,991
386
13,330
At 31 December 2023
14,933
4,583
-
526
20,042
Amounts falling due within one year
Trade debtors
19,496
14,100
Accrued income and prepayments
918
998
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,964
4,206
Trade creditors
11,540
7,901
Taxes and social security
4,611
5,548
Loans from directors
2,561
7,292
7
Creditors: amounts falling due after more than one year
2024
2023
Monarch Signs Limited
Notes to the Accounts
for the year ended 31 December 2024
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Average number of employees
During the year the average number of employees was 2 (2023: 2).