REGISTERED NUMBER: 11006156 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MONARCH GASKETS & SEALS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Marie Lyles

Gavin Lyles

SECRETARY:

Marie Lyles

REGISTERED OFFICE:

Unit 10 Eagle Point Telford Way

Wakefield 41 Industrial Estate

Wakefield

Yorkshire

WF2 0XW

REGISTERED NUMBER:

11006156 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor, Unit 12

Pennine Business Park

Longbow Close, Bradley

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

266,903

246,338

CURRENT ASSETS

Stocks

311,048

248,964

Debtors

5

180,114

215,503

Cash at bank and in hand

8,632

25,193

499,794

489,660

CREDITORS

Amounts falling due within one year

6

545,250

445,965

NET CURRENT (LIABILITIES)/ASSETS

(45,456

)

43,695

TOTAL ASSETS LESS CURRENT LIABILITIES

221,447

290,033

CREDITORS

Amounts falling due after more than one year

7

(160,642

)

(234,662

)

PROVISIONS FOR LIABILITIES

(60,571

)

(55,193

)

NET ASSETS

234

178

CAPITAL AND RESERVES

Called up share capital

125

125

Profit and loss account

109

53

234

178

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2026 and were signed on its behalf by:

Marie Lyles - Director

Gavin Lyles - Director

1.	STATUTORY INFORMATION

Monarch Gaskets & Seals Ltd 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

-

20% on cost

Plant and machinery

-

25% on reducing balance and 2% on cost

Fixtures and fittings

-

1% on cost

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

25% on cost

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 Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

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 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 November 2024

18,721

279,255

10,684

Additions

10,000

21,970

1,462

Disposals

-

(4,270

)

-

At 31 October 2025

28,721

296,955

12,146

DEPRECIATION

At 1 November 2024

13,714

48,725

6,551

Charge for year

5,744

5,939

123

Eliminated on disposal

-

(1,051

)

-

At 31 October 2025

19,458

53,613

6,674

NET BOOK VALUE

At 31 October 2025

9,263

243,342

5,472

At 31 October 2024

5,007

230,530

4,133

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST

At 1 November 2024

15,995

3,105

327,760

Additions

-

5,778

39,210

Disposals

-

-

(4,270

)

At 31 October 2025

15,995

8,883

362,700

DEPRECIATION

At 1 November 2024

10,371

2,061

81,422

Charge for year

1,406

2,214

15,426

Eliminated on disposal

-

-

(1,051

)

At 31 October 2025

11,777

4,275

95,797

NET BOOK VALUE

At 31 October 2025

4,218

4,608

266,903

At 31 October 2024

5,624

1,044

246,338

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

169,327

168,857

Other debtors

10,787

46,646

180,114

215,503

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

101,808

66,062

Hire purchase contracts

18,714

20,587

Debt factoring advance

223,328

184,199

Trade creditors

113,220

149,874

Taxation and social security

61,814

17,516

Other creditors

26,366

7,727

545,250

445,965

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

125,202

173,217

Hire purchase contracts

35,440

61,445

160,642

234,662

8.	SECURED DEBTS

Included within creditors is £54,154 (2024: £82,032) hire purchase commitments, secured on the assets to which they relate.

Included within creditors is £227,010 (2024:£239,279) secured by a fixed and floating charge over the assets of the company.

9.	OTHER FINANCIAL COMMITMENTS

At 31st October 2025, the company had total commitments under non-cancellable operating leases of £399,200 (2024: £478,800).

10.	PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held seperately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,559 (2024 - £2,469). Contributions totalling £253 (2024 - £317) were payable to the fund at the year end and are included in creditors.

11.	TRANSACTIONS WITH DIRECTORS

During the year, the company made advances to the Directors totalling £46,407 (2024: £52,428). The interest charged was 2.25% and 3.75% and repayable on demand. The company received repayments totalling £70,586 (2024: £36,228)