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REGISTERED NUMBER: 08103547 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MOROY LIMITED

MOROY LIMITED (REGISTERED NUMBER: 08103547)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOROY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Alexander Defries
Michael Chan





REGISTERED OFFICE: C/o Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 08103547 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

MOROY LIMITED (REGISTERED NUMBER: 08103547)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,247 3,863

CURRENT ASSETS
Debtors 5 36,507 42,233
Cash at bank 13,058 1,535
49,565 43,768
CREDITORS
Amounts falling due within one year 6 35,561 26,046
NET CURRENT ASSETS 14,004 17,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,251

21,585

CREDITORS
Amounts falling due after more than one year 7 (13,930 ) (20,938 )

PROVISIONS FOR LIABILITIES (711 ) (645 )
NET ASSETS 2,610 2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,608 -
SHAREHOLDERS' FUNDS 2,610 2

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.

MOROY LIMITED (REGISTERED NUMBER: 08103547)

BALANCE SHEET - continued
31 DECEMBER 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 9 July 2024 and were signed on its behalf by:





Alexander Defries - Director


MOROY LIMITED (REGISTERED NUMBER: 08103547)

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

1. STATUTORY INFORMATION

Moroy 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 machinery25% on reducing balance
Fixtures and fittings25% on reducing balance
Computer equipment25% on reducing balance
Improvements to property 25% on reducing balance

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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 ) .

MOROY LIMITED (REGISTERED NUMBER: 08103547)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 15,231
DEPRECIATION
At 1 January 2023 11,368
Charge for year 616
At 31 December 2023 11,984
NET BOOK VALUE
At 31 December 2023 3,247
At 31 December 2022 3,863

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors - 1,306
Amount owed by related party 3,655 6,546
Other debtors 26,806 28,335
30,461 36,187

Amounts falling due after more than one year:
Other debtors 6,046 6,046

Aggregate amounts 36,507 42,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,015 6,844
Trade creditors 10,191 4,175
Taxation and social security 16,346 12,933
Other creditors 2,009 2,094
35,561 26,046

MOROY LIMITED (REGISTERED NUMBER: 08103547)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,930 20,938

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8 -

8. OPERATING LEASE COMMITMENTS

At the balance sheet date the company was committed to operating lease payments of £5,000 for the rental of premises under a lease which expires in June 2024, of which £5,000 (2022: £10,000) was due within a year.


9. RELATED PARTY DISCLOSURES

At the balance sheet date, the director Alexander Defries owed £17,409 (2022: £18,494) to the company. The maximum owed by Mr Defries at any time during the year was £17,409 (2022: £18,494). No interest is charged on overdrawn directors' current account balances.