Monarch Knitting Machinery (u.k.) Limited, LE1 5QX

Description

Data updated on: 01-11-2023

Monarch Knitting Machinery (u.k.) Limited is a Private Limited Company, that is located in 47 Friar Lane, Leicester in Leicester. The head office's zip code is LE1 5QX. This firm was set up on 1968-04-04. Its registered no. is 00930058. This firm's SIC code is 27900 which stands for Manufacture of other electrical equipment. December 31, 2022 is the last time when company accounts were filed.

In order to satisfy their clients, this particular company is constantly being guided by a group of three directors who are Matthew B., Craig P. and David B.. Their outstanding services have been of prime importance to this company since 2022-09-01. At least one secretary in this firm is a limited company: Philip J Hammond & Sons.

Craig P. is the individual with significant control over this firm, has substantial control or influence over the company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	3 940 094	6 160 454	3 384 227	6 631 614	6 508 865	5 062 994
Current Assets	19 200 680	19 371 610	20 398 230	20 848 697	20 922 398	22 578 944
Debtors	8 224 738	5 785 689	9 438 713	7 836 901	8 277 849	9 783 987
Net Assets Liabilities	12 741 181	14 882 721	16 211 964	17 560 230	19 306 557	20 743 766
Other Debtors	57 072	60 083	70 071	109 941	45 796	43 353
Property Plant Equipment	3 238 281	4 020 340	3 979 932	5 529 238	5 279 761	5 282 947
Total Inventories	7 035 848	7 425 467	7 575 290	6 380 182	6 135 684	7 731 963

Other Financial Data
Audit Fees Expenses	32 400	33 050	33 750	34 425	35 125	37 250
Director Remuneration	577 075	607 744	495 119	714 224	1 053 699	1 161 993
Number Directors Accruing Benefits Under Money Purchase Scheme						1
Accrued Liabilities Deferred Income	430 254	544 630	2 492 270	1 678 273	929 926	954 578
Accumulated Amortisation Impairment Intangible Assets	3 349	7 542	33 691	73 750	126 481	183 247
Accumulated Depreciation Impairment Property Plant Equipment	946 496	927 547	1 040 620	1 026 089	551 156	663 107
Administrative Expenses	3 121 912	2 992 660	2 979 015	3 401 396	4 074 613	3 364 566
Amortisation Expense Intangible Assets	3 349	4 193	26 149	40 059	52 731	56 766
Applicable Tax Rate	19	19	19	19	19	19
Assumed Rate Increase Pensions In Payment Deferred Pensions	2	2	2	2	3	3
Average Number Employees During Period	46	44	40	32	28	30
Comprehensive Income Expense	1 729 819	2 141 540	1 712 848	1 348 266	2 289 949	2 887 511
Corporation Tax Payable	145	597	600	479	519	357 552
Cost Sales	15 860 143	12 053 437	12 179 939	16 281 164	22 322 409	14 419 871
Creditors	7 444	7 531 999	48 896	1 441 805	885 578	375 000
Cumulative Gain Loss On Remeasurement Defined Benefit Plan Recognised In Other Comprehensive Income	11 000	311 000	44 000	948 000	486 000	580 000
Current Tax For Period	145	597	601	479	40	357 552
Decrease In Assets Defined Benefit Plan From Benefits Paid	-249 000	-234 000	-255 000	-309 000	-516 000	-541 000
Decrease Increase In Liabilities Defined Benefit Plan From Remeasurement	-122 000	-13 000	-466 000	-1 212 000	185 000	1 858 000
Deficit Surplus In Defined Benefit Plan	771 000	994 000	854 000	461 000	-19 000	561 000
Defined Benefit Liabilities From Plans That Are Wholly Or Partly Funded Present Value	6 480 000	6 405 000	6 779 000	7 801 000	7 198 000	4 924 000
Depreciation Amortisation Expense	165 830	104 008	186 205	216 178	225 027	202 464
Depreciation Expense Property Plant Equipment	127 217	82 445	136 866	129 634	132 570	115 156
Discount Rate Used Defined Benefit Plan	2	3	2	1	2	5
Disposals Decrease In Depreciation Impairment Property Plant Equipment		18 764	46 983	190 650	377 798	33 747
Disposals Property Plant Equipment		27 449	81 267	289 882	397 825	43 684
Distribution Costs	1 217 268	985 276	1 033 443	1 317 069	2 025 290	1 633 801
Fair Value Assets Defined Benefit Plan	5 709 000	5 411 000	5 925 000	7 340 000	7 217 000	4 363 000
Fair Value Assets In Defined Benefit Plans Less Present Value Funded Obligations	5 709 000	5 411 000	5 925 000	7 340 000	7 217 000	4 363 000
Finance Lease Liabilities Present Value Total	7 444	7 444	48 896	57 030	57 030	12 515
Fixed Assets	3 251 675	4 037 110	4 077 086	5 700 466	5 420 415	5 384 344
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax	11 000	-311 000	44 000	-948 000	-1 245 592	-690 200
Further Item Interest Expense Component Total Interest Expense	206 778	115 977	120 788	97 050	20 196	15 553
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-2 975 877	-1 378 096	-188 952	-806 387	-916 490	-388 635
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-1 108 878	2 439 049	-2 877 064	1 722 720	-1 156 931	-1 687 024
Gain Loss On Disposal Assets Income Statement Subtotal	390	2 816	2 066	-29 382	228	13 813
Gain Loss On Disposals Property Plant Equipment	390	2 816	2 066	-29 382	228	13 813
Gross Profit Loss	6 517 810	5 712 954	5 048 555	6 621 103	9 851 689	9 241 369
Income Taxes Paid Refund Classified As Operating Activities	-13	-145	-598	-600		-519
Increase Decrease In Assets Defined Benefit Plan From Remeasurement	133 000	-298 000	510 000	264 000	301 000	-2 438 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	153 043	2 220 360	-2 776 227	3 247 387	-122 749	-1 445 871
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-2 692 662	389 619	149 823	-1 195 108	-244 498	1 596 279
Increase From Amortisation Charge For Year Intangible Assets		4 193	26 149	40 059	52 731	56 766
Increase From Depreciation Charge For Year Property Plant Equipment		99 815	160 056	176 119	172 296	145 698
Increase In Assets Defined Benefit Plan From Contributions By Employer	191 000	198 000	205 000	1 409 000
Increase In Liabilities Defined Benefit Plan From Interest Expense	158 000	146 000	163 000	119 000	98 000	125 000
Intangible Assets	13 394	16 770	97 054	171 128	140 554	101 297
Intangible Assets Gross Cost	16 743	24 312	130 745	244 878	267 035	284 544
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	4 307	3 046	984	3 278	4 570	4 409
Interest Paid Classified As Operating Activities	-206 778	-115 977	-120 788	-97 050	-29 134	-55 958
Interest Payable Similar Charges Finance Costs	211 085	119 023	121 772	100 328	33 704	60 367
Liabilities Defined Benefit Plan Present Value	6 480 000	6 405 000	6 779 000	7 801 000	7 198 000	4 924 000
Net Cash Flows From Used In Financing Activities	44 201	30 531	392 602	-1 818 020	1 099 849	2 005 395
Net Cash Flows From Used In Investing Activities	212 301	33 485	145 652	1 759 352	1 190 134	139 305
Net Cash Flows From Used In Operating Activities	-409 545	-2 284 376	2 237 973	-3 188 719	-2 167 234	-698 829
Net Cash Generated From Operations	-620 643	-2 403 544	2 115 603	-3 103 605	-2 147 662	-759 715
Net Current Assets Liabilities	10 267 950	11 839 611	13 037 774	13 762 569	14 752 720	16 485 383
Net Interest Received Paid Classified As Investing Activities	-753	-3 142	-3 164	-2 519	-206	-13 275
Number Shares Issued Fully Paid		200 000	200 000	200 000	200 000	200 000
Operating Profit Loss	2 178 630	1 735 018	1 036 097	2 276 646	3 805 062	4 243 002
Other Comprehensive Income Expense Net Tax	11 000	539 000	224 500	-786 120	-851 932	-580 000
Other Finance Costs	20 000	16 000	24 000	3 000	6 000
Other Interest Receivable Similar Income Finance Income	753	3 142	3 164	2 519	206	13 275
Par Value Share		1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-44 201	-30 531	-8 997	-56 980	-56 227	-55 093
Pension Other Post-employment Benefit Costs Other Pension Costs	169 550	178 316	172 077	150 544	146 584	151 217
Prepayments	80 739	504 546	39 960	166 860	55 291	108 383
Proceeds From Sales Property Plant Equipment	-11 375	-11 501		-69 850	-20 255	-23 750
Profit Loss	1 718 819	1 602 540	1 488 348	2 134 386	3 141 881	3 467 511
Profit Loss On Ordinary Activities Before Tax	1 718 964	1 603 137	893 489	2 175 837	3 765 564	4 195 910
Property Plant Equipment Gross Cost	4 184 777	4 947 887	5 020 552	6 555 327	5 830 917	5 946 054
Purchase Intangible Assets	-16 743	-7 569	-106 433	-114 133	-22 157	-17 509
Purchase Property Plant Equipment	-207 686	-40 559	-42 283	-1 717 588	-1 188 438	-158 821
Recoverable Value-added Tax	75 059	70 993	3 470	160 342	168 137	290 951
Restructuring Costs	229 334	-75 825
Retirement Benefit Obligations Surplus	771 000	994 000	854 000	461 000	-19 000	561 000
Return On Assets Benefit Plan	182 000	262 000	564 000	315 000	393 000	2 313 000
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment		-100 000			-269 431
Social Security Costs	219 176	221 032	199 979	228 166	257 769	283 314
Staff Costs Employee Benefits Expense	2 270 910	2 246 344	2 015 045	2 413 039	2 595 163	2 660 777
Tax Decrease From Utilisation Tax Losses	331 411	296 850	167 469	12 264
Tax Expense Credit Applicable Tax Rate	326 603	304 596	169 763	413 409	715 457	797 223
Tax Increase Decrease From Effect Capital Allowances Depreciation	19 612	8 877	16 241	1 230	24 215	68 371
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	921	694	699	5 833	517	4 182
Tax Tax Credit On Profit Or Loss On Ordinary Activities	145	597	-594 859	41 451	623 683	728 399
Total Additions Including From Business Combinations Intangible Assets		7 569	106 433	114 133	22 157	17 509
Total Additions Including From Business Combinations Property Plant Equipment		40 559	153 932	1 824 657	1 188 438	158 821
Total Assets Less Current Liabilities	13 519 625	15 876 721	17 114 860	19 463 035	20 173 135	21 869 727
Total Increase Decrease From Revaluations Property Plant Equipment		750 000			-1 515 023
Trade Creditors Trade Payables	8 313 123	6 896 048	4 779 863	4 728 168	4 580 079	4 141 020
Trade Debtors Trade Receivables	1 606 026	1 350 231	976 496	1 358 805	964 331	1 655 109
Turnover Revenue	22 377 953	17 766 391	17 228 494	23 090 233	32 174 098	23 661 240
Wages Salaries	1 882 184	1 846 996	1 642 989	2 030 546	2 190 810	2 226 246
Additional Provisions Increase From New Provisions Recognised				-120 908	715 982
Bank Borrowings				500 000	500 000	500 000
Bank Borrowings Overdrafts				1 375 000	875 000	375 000
Cash Cash Equivalents Cash Flow Value		6 160 454	3 384 227	6 631 614	6 508 865
Cash Receipts From Government Grants				-186 042	-53 276
Corporation Tax Recoverable			633 460
Deferred Tax Asset Debtors			775 960	896 868	180 886
Deferred Tax Assets			471 200	710 040	298 471
Deferred Tax Liabilities						175 978
Dividends Paid			383 605		543 622	1 450 302
Dividends Paid Classified As Financing Activities			-383 605		-543 622	-1 450 302
Dividends Paid On Shares Interim			383 605		543 622	1 450 302
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities				186 042	53 276
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		75 825	-114 927	-44 906	-461 449	349 201
Income Tax Expense Credit On Components Other Comprehensive Income			-180 500	-161 880	92 340	-110 200
Increase Decrease In Property Plant Equipment			124 302	107 069
Interest Expense On Bank Loans Similar Borrowings					8 938	40 405
Investments Fixed Assets			100	100	100	100
Investments In Group Undertakings			100	100	100	100
Other Creditors					46 865	59 305
Other Deferred Tax Expense Credit			-595 460	40 972	623 643	370 847
Other Operating Income Format1				186 042	53 276
Other Remaining Borrowings				1 375 000
Proceeds From Borrowings Classified As Financing Activities				-2 000 000
Provisions			-775 960	-896 868	-180 886	189 961
Provisions For Liabilities Balance Sheet Subtotal						189 961
Repayments Borrowings Classified As Financing Activities				-125 000	-500 000	-500 000
Tax Decrease From Tax Losses For Which No Deferred Tax Asset Was Recognised			613 700
Tax Decrease Increase From Effect Revenue Exempt From Taxation			393	5 891
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit					-107 445	-117 325
Tax Increase Decrease From Other Short-term Timing Differences					-9 061	-24 052
Total Borrowings			73 746	1 998 835	1 442 608	887 515

Company staff

Matthew B.

Role: Director

Appointed: 01 September 2022

Latest update: 24 March 2024

Craig P.

Role: Director

Appointed: 13 May 2015

Latest update: 24 March 2024

David B.

Role: Director

Appointed: 01 January 1995

Latest update: 24 March 2024

Philip J Hammond & Sons

Role: Corporate Secretary

Appointed: 18 May 1992

Address: Friar Lane, Leicester, Leicestershire, LE1 5QX

Latest update: 24 March 2024

Norman B.

Role: Director

Appointed: 18 May 1992

Resigned: 16 August 2001

Latest update: 24 March 2024

Jill F.

Role: Director

Appointed: 18 May 1992

Resigned: 05 December 2006

Latest update: 24 March 2024

Frances B.

Role: Director

Appointed: 18 May 1992

Resigned: 16 August 2001

Latest update: 24 March 2024

David P.

Role: Director

Appointed: 18 May 1992

Resigned: 04 April 2000

Latest update: 24 March 2024

Frances P.

Role: Director

Appointed: 18 May 1992

Resigned: 04 April 2000

Latest update: 24 March 2024

Bruce P.

Role: Director

Appointed: 18 May 1992

Resigned: 14 August 2014

Latest update: 24 March 2024

People with significant control

Craig P.

Notified on 6 April 2016

Nature of control:

substantial control or influence

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	01 June 2024
Confirmation statement last made up date	18 May 2023

Annual Accounts
Start Date For Period Covered By Report	01 January 2018
End Date For Period Covered By Report	31 December 2018
Annual Accounts
Start Date For Period Covered By Report	01 January 2019
End Date For Period Covered By Report	31 December 2019
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022

Monarch Knitting Machinery (u.k.) Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Matthew B.

Craig P.

David B.

Philip J Hammond & Sons

Norman B.

Jill F.

Frances B.

David P.

Frances P.

Bruce P.

People with significant control

Craig P.

Accounts Documents

Company filings

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