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REGISTERED NUMBER: 11324948 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

MORGENFRISK LIMITED

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGENFRISK LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr I Case
Mrs J Case





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 11324948 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,735 4,155
Tangible assets 5 116,138 131,393
119,873 135,548

CURRENT ASSETS
Stocks 1,321,646 1,331,395
Debtors 6 44,955 39,758
Cash at bank and in hand 156,313 107,614
1,522,914 1,478,767
CREDITORS
Amounts falling due within one year 7 591,673 487,690
NET CURRENT ASSETS 931,241 991,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051,114

1,126,625

CREDITORS
Amounts falling due after more than one
year

8

(504,610

)

(644,569

)

PROVISIONS FOR LIABILITIES (27,908 ) (24,965 )
NET ASSETS 518,596 457,091

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 518,496 456,991
SHAREHOLDERS' FUNDS 518,596 457,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Balance Sheet - continued
30th April 2024


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 22nd August 2024 and were signed on its behalf by:





Mr I Case - Director


MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Morgenfrisk 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 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash at bank and in hand
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st May 2023
and 30th April 2024 4,190
AMORTISATION
At 1st May 2023 35
Amortisation for year 420
At 30th April 2024 455
NET BOOK VALUE
At 30th April 2024 3,735
At 30th April 2023 4,155

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2023 23,601 29,824 135,929 189,354
Additions - - 94,908 94,908
Disposals - - (86,210 ) (86,210 )
At 30th April 2024 23,601 29,824 144,627 198,052
DEPRECIATION
At 1st May 2023 16,169 13,250 28,542 57,961
Charge for year 1,857 3,315 26,280 31,452
Eliminated on disposal - - (7,499 ) (7,499 )
At 30th April 2024 18,026 16,565 47,323 81,914
NET BOOK VALUE
At 30th April 2024 5,575 13,259 97,304 116,138
At 30th April 2023 7,432 16,574 107,387 131,393

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st May 2023 107,699
Additions 94,908
Disposals (57,980 )
At 30th April 2024 144,627
DEPRECIATION
At 1st May 2023 21,044
Charge for year 26,280
At 30th April 2024 47,324
NET BOOK VALUE
At 30th April 2024 97,303
At 30th April 2023 86,655

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 38,806 33,334
Prepayments 6,149 6,424
44,955 39,758

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 83,333 83,333
Hire purchase contracts (see note 9) 59,221 15,118
Trade creditors 291,189 261,988
Tax 39,949 13,326
Social security and other taxes 52,687 57,207
Other creditors 10,090 2,024
Directors' current accounts 50,000 50,000
Accruals and deferred income 5,204 4,694
591,673 487,690

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 83,333 83,333
Bank loans - 2-5 years 55,556 138,889
Hire purchase contracts (see note 9) 42,766 67,843
Directors' loan accounts 322,955 354,504
504,610 644,569

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 59,221 15,118
Between one and five years 42,766 67,843
101,987 82,961

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 99,984 110,481
Between one and five years 300,000 407,900
399,984 518,381

10. SECURED DEBTS

The hire purchase agreements are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 100 100
NIL - -
100 100

12. RELATED PARTY DISCLOSURES

At the 30 April 2024 the company owed to its directors £372,955 (2023 - £404,504). £322,955 (2023 - £354,504) of this loan has been categorised as due over one year. Interest at 2% thereafter has been charged to the company in respect of this loan. There is no formal repayment date for this loan.

MORGENFRISK LIMITED (REGISTERED NUMBER: 11324948)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Case.