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REGISTERED NUMBER: 08073129 (England and Wales)












MORPHIA DESIGNS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






MORPHIA DESIGNS UK LIMITED (REGISTERED NUMBER: 08073129)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORPHIA DESIGNS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Miss C Hood
Mr L Kassira





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 08073129 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

MORPHIA DESIGNS UK LIMITED (REGISTERED NUMBER: 08073129)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 31 42

CURRENT ASSETS
Cash at bank and in hand 162,697 131,718

CREDITORS
Amounts falling due within one year 5 115,974 102,383
NET CURRENT ASSETS 46,723 29,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,754

29,377

PROVISIONS FOR LIABILITIES 6 8 5
NET ASSETS 46,746 29,372

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 46,646 29,272
SHAREHOLDERS' FUNDS 46,746 29,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 2 February 2024 and were signed on its behalf by:




Mr L Kassira - Director


MORPHIA DESIGNS UK LIMITED (REGISTERED NUMBER: 08073129)

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


1. STATUTORY INFORMATION

Morphia Designs UK 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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the invoice is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 ) .

MORPHIA DESIGNS UK LIMITED (REGISTERED NUMBER: 08073129)

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


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 565
DEPRECIATION
At 1 June 2022 523
Charge for year 11
At 31 May 2023 534
NET BOOK VALUE
At 31 May 2023 31
At 31 May 2022 42

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Shareholders' loans 31,312 17,912
Tax 20,648 16,808
Social security and other taxes 522 337
VAT 4,716 3,845
Directors' current accounts 57,826 62,381
Accrued expenses 950 1,100
115,974 102,383

6. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 8 5

Deferred
tax
£   
Balance at 1 June 2022 5
Accelerated allowances 3
Balance at 31 May 2023 8

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

MORPHIA DESIGNS UK LIMITED (REGISTERED NUMBER: 08073129)

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


8. RESERVES
Retained
earnings
£   

At 1 June 2022 29,272
Profit for the year 84,374
Dividends (67,000 )
At 31 May 2023 46,646

9. ULTIMATE CONTROLLING PARTY

Mr L Kassira, the director, controls the company as a result of holding 51 per cent of the issued ordinary share capital.