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REGISTERED NUMBER: 05684581 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MORGAN BILTON ASSOCIATES LIMITED

MORGAN BILTON ASSOCIATES LIMITED (REGISTERED NUMBER: 05684581)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORGAN BILTON ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr G Bilton
Mrs SJ Bilton





SECRETARY: Mrs SJ Bilton





REGISTERED OFFICE: The Estate Office
Brandsby Cottage
Brandsby
York
North Yorkshire
Y061 4RS





REGISTERED NUMBER: 05684581 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

MORGAN BILTON ASSOCIATES LIMITED (REGISTERED NUMBER: 05684581)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,334 7,750

CURRENT ASSETS
Debtors 5 290 2,365
Cash at bank 175,686 123,849
175,976 126,214
CREDITORS
Amounts falling due within one year 6 37,772 37,988
NET CURRENT ASSETS 138,204 88,226
TOTAL ASSETS LESS CURRENT LIABILITIES 146,538 95,976

PROVISIONS FOR LIABILITIES 1,341 1,109
NET ASSETS 145,197 94,867

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 145,097 94,767
145,197 94,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:




Mr G Bilton - Director


MORGAN BILTON ASSOCIATES LIMITED (REGISTERED NUMBER: 05684581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Morgan Bilton Associates Limited 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 30% on reducing balance
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MORGAN BILTON ASSOCIATES LIMITED (REGISTERED NUMBER: 05684581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 2,208 28,850 2,550 33,608
Additions - 4,233 - 4,233
At 31 January 2023 2,208 33,083 2,550 37,841
DEPRECIATION
At 1 February 2022 2,028 23,192 638 25,858
Charge for year 45 2,967 637 3,649
At 31 January 2023 2,073 26,159 1,275 29,507
NET BOOK VALUE
At 31 January 2023 135 6,924 1,275 8,334
At 31 January 2022 180 5,658 1,912 7,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 290 2,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 33,143 21,961
Other creditors 4,629 16,027
37,772 37,988

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £3,530 (2022: £15,028) owed by the company to the directors.