2013-01-01
true
false
Private Limited Company
04990254
2013-12-31
04990254
2013-01-01
2013-12-31
04990254
2012-12-31
04990254
2012-01-01
2012-12-31
04990254
uk-bus:Director1
2013-01-01
2013-12-31
04990254
uk-gaap:ComputerEquipment
2013-01-01
2013-12-31
04990254
uk-gaap:CommercialMotorVehicles
2013-01-01
2013-12-31
04990254
uk-gaap:FixturesFittings
2013-01-01
2013-12-31
iso4217:GBP
| Monarch Logistics Limited |
For the year ended 31 December 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04990254
2
Monarch Logistics Limited
For the year ended 31 December 2013
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Monarch Logistics Limited
2013
2012
2
76,655
62,848
130,000
8,558
3
85,213
192,848
140,519
117,836
8,558
130,000
203,937
293,265
451,773
442,342
| Creditors: amounts falling due within one year |
(425,076)
(484,886)
17,266
(33,113)
Net current liabilities
| Total assets less current liabilities |
52,100
210,114
| Creditors: amounts falling due after more than one year |
(2,975)
-
(1,502)
(1,502)
| Provisions for liabilities |
50,598
Net assets
205,637
100
100
50,498
205,537
50,598
205,637
Shareholders funds
| For the year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director 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 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 in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 31 October 2014 |
| 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 2013
| 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.
| Finance lease and hire purchase charges |
| The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
| 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: |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Monarch Logistics Limited
For the year ended 31 December 2013
Computer Equipment
Motor Vehicles
Fixtures and Fittings
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
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.
148,311
41,615
189,926
85,463
27,808
Charge for year
113,271
76,655
62,848
| 3 Fixed asset investments |
8,558
8,558
3 of 3
