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REGISTERED NUMBER: 09902946 (England and Wales)















Morfey Limited

Unaudited Financial Statements

for the year ended

31 December 2023






Morfey Limited (Registered number: 09902946)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Morfey Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr S J Morfey
Mrs F J Simpson Morfey





REGISTERED OFFICE: 45 The Pastures
Lower Westwood
Bradford-on-Avon
BA15 2BH





REGISTERED NUMBER: 09902946 (England and Wales)

Morfey Limited (Registered number: 09902946)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,540 1,653

CURRENT ASSETS
Debtors 5 30,630 7,346
Cash at bank 139,321 128,909
169,951 136,255
CREDITORS
Amounts falling due within one year 6 (28,770 ) (29,700 )
NET CURRENT ASSETS 141,181 106,555
TOTAL ASSETS LESS CURRENT LIABILITIES 143,721 108,208

PROVISIONS FOR LIABILITIES (483 ) (314 )
NET ASSETS 143,238 107,894

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 143,236 107,892
143,238 107,894

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 August 2024 and were signed on its behalf by:





Mr S J Morfey - Director


Morfey Limited (Registered number: 09902946)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Morfey 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements
are rounded to the nearest Pound.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are held at amortised 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.

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 2 (2022 - 2 ) .

Morfey Limited (Registered number: 09902946)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 7,703 3,265 10,968
Additions - 2,191 2,191
At 31 December 2023 7,703 5,456 13,159
DEPRECIATION
At 1 January 2023 7,703 1,612 9,315
Charge for year - 1,304 1,304
At 31 December 2023 7,703 2,916 10,619
NET BOOK VALUE
At 31 December 2023 - 2,540 2,540
At 31 December 2022 - 1,653 1,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,676
Other debtors 30,630 670
30,630 7,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 25,755 17,461
Other creditors 3,015 12,239
28,770 29,700