2014-01-01
true
false
Private Limited Company
04990254
2014-12-31
04990254
2014-01-01
2014-12-31
04990254
2013-12-31
04990254
2013-01-01
2013-12-31
04990254
uk-bus:Director1
2014-01-01
2014-12-31
04990254
uk-gaap:ComputerEquipment
2014-01-01
2014-12-31
04990254
uk-gaap:CommercialMotorVehicles
2014-01-01
2014-12-31
04990254
uk-gaap:FixturesFittings
2014-01-01
2014-12-31
iso4217:GBP
| Monarch Logistics Limited |
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04990254
2
Monarch Logistics Limited
For the year ended 31 December 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Monarch Logistics Limited
2014
2013
2
67,859
76,655
8,558
8,558
3
76,417
85,213
117,836
160,554
130,000
-
68,965
203,937
229,519
451,773
| Creditors: amounts falling due within one year |
(484,886)
(142,540)
(33,113)
86,979
Net current assets
| Total assets less current liabilities |
163,396
52,100
(1,502)
(1,502)
| Provisions for liabilities |
161,894
Net assets
50,598
100
100
161,794
50,498
161,894
50,598
Shareholders funds
| For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 24 September 2015 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
Monarch Logistics Limited
For the year ended 31 December 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. |
| Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the |
| transaction. All foreign exchange differences are included to the profit and loss account. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Fixtures and Fittings
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Monarch Logistics Limited
For the year ended 31 December 2014
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
| Current asset investments |
Current asset investments are stated at the lower of cost and net realisable value.
189,926
13,822
203,748
113,271
22,619
Charge for year
(1)
135,889
67,859
76,655
| 3 Fixed asset investments |
8,558
8,558
8,558
8,558
3 of 3
