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REGISTERED NUMBER: 04436016 (England and Wales)















MORGAN TRUSSING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGAN TRUSSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr J Tucker
Mrs L J Tucker





SECRETARY: Mrs L J Tucker





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04436016 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 248,985 234,972

CURRENT ASSETS
Debtors 5 86,830 57,752
Cash at bank 60,082 32,742
146,912 90,494
CREDITORS
Amounts falling due within one year 6 (91,713 ) (63,547 )
NET CURRENT ASSETS 55,199 26,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,184

261,919

CREDITORS
Amounts falling due after more than one year 7 (46,895 ) (41,349 )
NET ASSETS 257,289 220,570

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 257,287 220,568
SHAREHOLDERS' FUNDS 257,289 220,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

BALANCE SHEET - continued
30 JUNE 2023


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 18 December 2023 and were signed on its behalf by:





Mr J Tucker - Director


MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Morgan Trussing 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
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixture &
property machinery Fittings
£    £    £   
COST
At 1 July 2022 207,442 34,770 876
Additions - - -
At 30 June 2023 207,442 34,770 876
DEPRECIATION
At 1 July 2022 - 8,693 219
Charge for year - 6,519 164
At 30 June 2023 - 15,212 383
NET BOOK VALUE
At 30 June 2023 207,442 19,558 493
At 30 June 2022 207,442 26,077 657

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 - 1,390 244,478
Additions 27,444 416 27,860
At 30 June 2023 27,444 1,806 272,338
DEPRECIATION
At 1 July 2022 - 594 9,506
Charge for year 6,861 303 13,847
At 30 June 2023 6,861 897 23,353
NET BOOK VALUE
At 30 June 2023 20,583 909 248,985
At 30 June 2022 - 796 234,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,497 9,419
Inter Company Account 48,333 48,333
86,830 57,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,456 12,230
Other loans 7,663 -
Corporation Tax 10 -
Social security and other taxes 612 17
VAT 19,700 6,374
Directors' current accounts 47,033 42,998
Accrued expenses 3,239 1,928
91,713 63,547

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 30,796 41,349
Other loans - 1-2 years 16,099 -
46,895 41,349

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,796 41,349

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 44,252 53,579

The bank loan is secured by a charge over the freehold property shown within fixed assets.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Tucker.