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Registration number: 11839902

Morland Technology Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Morland Technology Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Morland Technology Limited

(Registration number: 11839902)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

3,496

Cash at bank and in hand

 

7,093

13,331

 

7,093

16,827

Creditors: Amounts falling due within one year

5

(5,671)

(15,732)

Net assets

 

1,422

1,095

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

1,322

995

Shareholders' funds

 

1,422

1,095

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 March 2024 and signed on its behalf by:
 

.........................................
Mr D J Morris
Director

.........................................
Mr I R Sutherland
Director

 

Morland Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
7 Gledhow Mount Mansions
Roxholme Grove
Leeds
LS7 4JJ

These financial statements were authorised for issue by the Board on 13 March 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Morland Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Borrowings

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Trade debtors

-

3,496

 

Morland Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

2,580

1,956

Trade creditors

 

-

12,000

Taxation and social security

 

591

1,276

Accruals and deferred income

 

2,500

500

 

5,671

15,732

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A Shares of £1 each

90

90

90

90

Ordinary B Shares of £1 each

10

10

10

10

 

100

100

100

100

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

2,580

1,956