REGISTERED NUMBER: 01849131 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MONARCH CHEMISTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

538,590

187,806

CURRENT ASSETS

Stocks

212,098

176,081

Debtors

5

1,232,653

945,267

Cash at bank and in hand

369,189

425,805

1,813,940

1,547,153

CREDITORS

Amounts falling due within one year

6

518,067

591,821

NET CURRENT ASSETS

1,295,873

955,332

TOTAL ASSETS LESS CURRENT LIABILITIES

1,834,463

1,143,138

CREDITORS

Amounts falling due after more than one year

7

(152,583

)

-

PROVISIONS FOR LIABILITIES

(121,450

)

(12,775

)

NET ASSETS

1,560,430

1,130,363

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,560,330

1,130,263

1,560,430

1,130,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 26 May 2026 and were signed on its behalf by:

R Kanabar - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 November 2024

39,195

104,050

-

Additions

-

-

141,641

Disposals

-

-

-

At 31 October 2025

39,195

104,050

141,641

DEPRECIATION

At 1 November 2024

25,487

868

-

Charge for year

1,246

8,004

-

Eliminated on disposal

-

-

-

At 31 October 2025

26,733

8,872

-

NET BOOK VALUE

At 31 October 2025

12,462

95,178

141,641

At 31 October 2024

13,708

103,182

-

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2024

678,080

48,838

870,163

Additions

219,406

41,382

402,429

Disposals

(23,711

)

(32,104

)

(55,815

)

At 31 October 2025

873,775

58,116

1,216,777

DEPRECIATION

At 1 November 2024

615,856

40,146

682,357

Charge for year

21,808

4,193

35,251

Eliminated on disposal

(13,031

)

(26,390

)

(39,421

)

At 31 October 2025

624,633

17,949

678,187

NET BOOK VALUE

At 31 October 2025

249,142

40,167

538,590

At 31 October 2024

62,224

8,692

187,806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

780,374

394,401

Other debtors

350,000

446,549

VAT

59,705

62,084

Prepayments and Accrued income

42,574

42,233

1,232,653

945,267

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

1,230

-

Trade creditors

403,774

516,285

Tax

79,002

49,360

Social security and other taxes

10,502

13,856

Pension

1,952

2,403

Directors' current accounts

610

604

Accrued expenses

20,997

9,313

518,067

591,821

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

152,583

-