MONARCH-ELS LIMITED,Ltd - Accounts

MONARCH-ELS LIMITED - Company Information

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MONARCH-ELS LIMITED

For the period ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06513012

Contents Page

MONARCH-ELS LIMITED

For the period ended 31 March 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Chartered Accountants' Report

For the period ended 31 March 2015

MONARCH-ELS LIMITED

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of MONARCH-ELS LIMITED for the period ended 31 March 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of MONARCH-ELS LIMITED, as a body, in accordance with the

terms of our engagement letter dated 25 February 2008. Our work has been undertaken solely to prepare for your

approval the accounts of MONARCH-ELS LIMITED and state those matters that we have agreed to state to the

Board of Directors of MONARCH-ELS LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed

at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than MONARCH-ELS LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MONARCH-ELS LIMITED has kept adequate accounting records to prepare statutory

accounts that give a true and fair view of the assets, liabilities, financial position and profit of MONARCH-ELS

LIMITED. You consider that MONARCH-ELS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MONARCH-ELS LIMITED. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Bickerstaff & Co

Emerald House

20-22 Anchor Road

Aldridge

Walsall

WS9 8PH

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Abbreviated Balance Sheet

MONARCH-ELS LIMITED

As at 31 March 2015

06513012

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

129,156

147,385

Investments

1,000

130,156

148,385

Current assets

Debtors

1,473,673

486,548

Cash at bank and in hand

1,260,830

223,157

1,747,378

1,696,830

Creditors: amounts falling due within one year

(1,129,999)

(994,470)

566,831

752,908

Net current assets

Total assets less current liabilities

883,064

715,216

(1,195)

Provisions for liabilities

881,869

Net assets

714,021

Capital and reserves

Called up share capital

248

Reserves

Profit and loss account

881,586

713,738

881,869

714,021

Shareholders funds

For the period ended 31 March 2015 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 period 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: 30 December 2015

Ms C E Maher Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the period ended 31 March 2015

MONARCH-ELS LIMITED

1 Accounting Policies

Basis of accounting

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension Costs

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.

Foreign currency

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

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.

Tangible fixed assets

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:

Plant and Machinery

25% Reducing balance

Computer Equipment

25% Reducing balance

Motor Vehicles

25% Reducing balance

Fixtures and Fittings

25% Reducing balance

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

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Notes to the Abbreviated Financial Statements

For the period ended 31 March 2015

MONARCH-ELS LIMITED

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

175,277

At 01 July 2014

1,298

Additions

(19,995)

Disposals

At 31 March 2015

156,580

Depreciation

27,892

At 01 July 2014

(4,999)

Disposals

4,531

Charge for period

27,424

At 31 March 2015

Net book values

At 31 March 2015

129,156

147,385

At 30 June 2014

3 Fixed asset investments

1,000

At 01 July 2014

Fixed asset

investments

Cost

At 31 March 2015

1,000

Net book value

At 01 July 2014

At 31 March 2015

1,000

4 Share capital

Allotted called up and fully paid

2015

2014

248 Ordinary shares of £1.00 each

248

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