Company Registration No. 09665499 (England and Wales)
The Morfe Limited
Unaudited accounts
for the year ended 31 July 2023
The Morfe Limited
Unaudited accounts
Contents
The Morfe Limited
Company Information
for the year ended 31 July 2023
Directors
S Jervis
P Williams
Company Number
09665499 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
The Morfe Limited
Statement of financial position
as at 31 July 2023
Tangible assets
522,507
459,220
Cash at bank and in hand
12,078
7,605
Creditors: amounts falling due within one year
(138,163)
(151,274)
Net current liabilities
(117,893)
(137,463)
Total assets less current liabilities
404,614
321,757
Creditors: amounts falling due after more than one year
(363,249)
(230,198)
Provisions for liabilities
Deferred tax
(7,460)
(7,276)
Called up share capital
2
2
Profit and loss account
33,903
84,281
Shareholders' funds
33,905
84,283
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
S Jervis
Director
Company Registration No. 09665499
The Morfe Limited
Notes to the Accounts
for the year ended 31 July 2023
The Morfe Limited is a private company, limited by shares, registered in England and Wales, registration number 09665499. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land & Buildings are not depriated as the directors feel the assets will at least hold their value.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2022
420,930
2,991
-
60,635
-
484,556
Additions
62,319
-
2,824
1,956
550
67,649
At 31 July 2023
483,249
2,991
2,824
62,591
550
552,205
At 1 August 2022
-
249
-
25,087
-
25,336
Charge for the year
-
274
282
3,751
55
4,362
At 31 July 2023
-
523
282
28,838
55
29,698
At 31 July 2023
483,249
2,468
2,542
33,753
495
522,507
At 31 July 2022
420,930
2,742
-
35,548
-
459,220
The Morfe Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,643
10,309
Trade creditors
36,679
20,416
Taxes and social security
3,429
16,779
Other creditors
81,162
102,520
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
344,916
201,865
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
At the year end loans were owed to associated companies as follows:
The Cider House (Salop) Limited £62662 (2022: £66363)
Jervis Mobile Bars Ltd £18500 (2022: £32148)
The Special Cider Co Ltd £0 (2022: £3999)
All companies are associated by directorship and family members.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).