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REGISTERED NUMBER: 06061788 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JANUARY 2023

FOR

ALASDAIR MORGAN LIMITED

ALASDAIR MORGAN LIMITED (REGISTERED NUMBER: 06061788)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALASDAIR MORGAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JANUARY 2023







DIRECTOR: Mr A M Morgan





SECRETARY: Mrs J Morgan





REGISTERED OFFICE: Close Gate Farm
Buckholes Lane
Wheelton
Chorley
Lancashire
PR6 8JL





REGISTERED NUMBER: 06061788 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

ALASDAIR MORGAN LIMITED (REGISTERED NUMBER: 06061788)

BALANCE SHEET
29 JANUARY 2023

29.1.23 29.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 559,316 792,825

CURRENT ASSETS
Debtors 5 146,122 219,938

CREDITORS
Amounts falling due within one year 6 413,912 462,001
NET CURRENT LIABILITIES (267,790 ) (242,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,526

550,762

CREDITORS
Amounts falling due after more than one year 7 (171,461 ) (374,111 )

PROVISIONS FOR LIABILITIES (119,004 ) (135,171 )
NET ASSETS 1,061 41,480

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 761 41,180
SHAREHOLDERS' FUNDS 1,061 41,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 October 2023 and were signed by:





Mr A M Morgan - Director


ALASDAIR MORGAN LIMITED (REGISTERED NUMBER: 06061788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

1. STATUTORY INFORMATION

Alasdair Morgan Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06061788 and registered office address is Close Gate Farm, Buckholes Lane, Wheelton, Chorley, Lancashire, PR6 8JL.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Computer equipment - 33% on cost
Motor vehicles - 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

ALASDAIR MORGAN LIMITED (REGISTERED NUMBER: 06061788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 30 January 2022 84,824 1,806,198 8,571 37,682 1,937,275
Additions 9,709 - 271 - 9,980
Disposals - (238,857 ) - (37,682 ) (276,539 )
At 29 January 2023 94,533 1,567,341 8,842 - 1,670,716
DEPRECIATION
At 30 January 2022 18,396 1,086,576 6,819 32,659 1,144,450
Charge for year 8,791 127,258 806 5,024 141,879
Eliminated on disposal - (137,246 ) - (37,683 ) (174,929 )
At 29 January 2023 27,187 1,076,588 7,625 - 1,111,400
NET BOOK VALUE
At 29 January 2023 67,346 490,753 1,217 - 559,316
At 29 January 2022 66,428 719,622 1,752 5,023 792,825

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 30 January 2022 1,408,249
Disposals (238,857 )
Transfer to ownership (110,512 )
At 29 January 2023 1,058,880
DEPRECIATION
At 30 January 2022 773,413
Charge for year 99,990
Eliminated on disposal (137,246 )
Transfer to ownership (53,711 )
At 29 January 2023 682,446
NET BOOK VALUE
At 29 January 2023 376,434
At 29 January 2022 634,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.23 29.1.22
£    £   
Trade debtors 106,184 155,111
Other debtors 39,938 64,827
146,122 219,938

ALASDAIR MORGAN LIMITED (REGISTERED NUMBER: 06061788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.23 29.1.22
£    £   
Bank loans and overdrafts 27,641 27,916
Hire purchase contracts 163,394 219,256
Trade creditors 8,326 43,923
Taxation and social security 133,224 141,829
Other creditors 81,327 29,077
413,912 462,001

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.1.23 29.1.22
£    £   
Hire purchase contracts 171,461 374,111

8. SECURED DEBTS

The following secured debts are included within creditors:

29.1.23 29.1.22
£    £   
Bank overdrafts 27,641 27,916
Hire purchase contracts 334,855 593,367
362,496 621,283

Reporting entity banking facilities are secured by a debenture dated 14 June 2007.

Reporting entity hire purchase liabilities are secured by the assets on which the agreement is held.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 January 2023 and 29 January 2022:

29.1.23 29.1.22
£    £   
Mr A M Morgan
Balance outstanding at start of year 39,522 77,862
Amounts advanced - 18,338
Amounts repaid (39,522 ) (56,678 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 39,522