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Registration number: 14042276

Yvonne Morgan Consultancy Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Yvonne Morgan Consultancy Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Yvonne Morgan Consultancy Ltd

Company Information

Director

Ms Y Morgan

Registered office

Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Yvonne Morgan Consultancy Ltd

(Registration number: 14042276)
Balance Sheet as at 30 April 2024

Note

30 April
2024
£

30 April
2023
£

Fixed assets

 

Tangible assets

4

3,032

3,145

Current assets

 

Debtors

5

402

2,246

Cash at bank and in hand

 

52,324

49,319

 

52,726

51,565

Creditors: Amounts falling due within one year

6

(17,156)

(19,673)

Net current assets

 

35,570

31,892

Net assets

 

38,602

35,037

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

38,502

34,937

Shareholders' funds

 

38,602

35,037

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2024
 

 

Yvonne Morgan Consultancy Ltd

(Registration number: 14042276)
Balance Sheet as at 30 April 2024

.........................................
Ms Y Morgan
Director

 

Yvonne Morgan Consultancy Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the director on 21 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Yvonne Morgan Consultancy Ltd

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Yvonne Morgan Consultancy Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Yvonne Morgan Consultancy Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

3,394

3,394

Revaluations

(566)

(566)

Additions

1,404

1,404

At 30 April 2024

4,232

4,232

Depreciation

At 1 May 2023

249

249

Charge for the year

951

951

At 30 April 2024

1,200

1,200

Carrying amount

At 30 April 2024

3,032

3,032

At 30 April 2023

3,145

3,145

5

Debtors

Current

30 April
2024
£

30 April
2023
£

Trade debtors

-

2,000

Prepayments

118

246

Other debtors

284

-

 

402

2,246

6

Creditors

Creditors: amounts falling due within one year

 

Yvonne Morgan Consultancy Ltd

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

30 April
2024
£

30 April
2023
£

Due within one year

Accruals and deferred income

1,375

1,250

Other creditors

15,781

18,423

17,156

19,673

7

Share capital

Allotted, called up and fully paid shares

 

30 April
2024

30 April
2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

8

Dividends

Interim dividends paid

   

30 April
2024
£

 

30 April
2023
£

Interim dividend of £550.00 (2023 - £245.00) per each Ordinary Shares

 

55,000

 

24,500