Morgans Airport Services Ltd |
Registered Number:09963221 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Morgans Airport Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Morgans Airport Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
71,970
65,967
2
71,970
65,967
Trade and other receivables |
138,203
140,931
3
23,094
Cash and cash equivalents |
97,481
238,412
161,297
Trade and other payables: amounts falling due within one year |
(104,657)
(166,390)
4
56,640
72,022
Net current assets
Total assets less current liabilities |
143,992
122,607
Trade and other payables: amounts falling due after more than |
one year |
(69,232)
(79,270)
5
64,722
Net assets
53,375
100
100
64,622
53,275
64,722
53,375
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Alexander David Allen Director |
These financial statements were approved and authorised for issue by the Board on 20 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Morgans Airport Services Ltd
Notes to the Financial Statements
Statutory Information
Morgans Airport Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
09963221. |
Principal place of business: |
Unit 8, World Cargo Centre
London Gatwick Airport
West Sussex
RH6 0SQ
Suite 692, Chremma House
14 London Road
Guildford
Surrey
GU1 2AG
The presentation currency is £ sterling. |
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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2023
Morgans Airport Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
144,737
3,475
3,160
32,671
105,431
30,068
-
-
30,068
-
62,739
3,160
3,475
174,805
105,431
Provision for depreciation and impairment |
78,770
2,779
2,599
21,474
51,918
Charge for year
24,065
174
140
10,311
13,440
102,835
2,953
2,739
31,785
65,358
40,073
30,954
421
522
71,970
53,513
11,197
561
696
65,967
3. Trade and other receivables |
2022
2023
77,247
65,835
63,684
72,368
138,203
140,931
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
10,790
10,790
79,576
46,581
Taxation and social security |
-
7,528
76,024
39,758
166,390
104,657
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
57,943
69,232
21,327
-
79,270
69,232
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For the year ended 31 December 2023
Morgans Airport Services Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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