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REGISTERED NUMBER: 13100523 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

Morfa Store Limited

Morfa Store Limited (Registered number: 13100523)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Morfa Store Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr Bhavandeep Singh Sanghera





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 13100523 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Morfa Store Limited (Registered number: 13100523)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,262 7,500

CURRENT ASSETS
Stocks 43,485 34,644
Debtors 5 1,040 -
Cash at bank and in hand 21,187 25,138
65,712 59,782
CREDITORS
Amounts falling due within one year 6 48,533 54,873
NET CURRENT ASSETS 17,179 4,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,441

12,409

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 24,341 12,309
SHAREHOLDERS' FUNDS 24,441 12,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Morfa Store Limited (Registered number: 13100523)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 5 September 2024 and were signed by:





Mr Bhavandeep Singh Sanghera - Director


Morfa Store Limited (Registered number: 13100523)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Morfa Store 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.

Turnover
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

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 machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 10,000
Additions 2,183
At 31 January 2024 12,183
DEPRECIATION
At 1 February 2023 2,500
Charge for year 2,421
At 31 January 2024 4,921
NET BOOK VALUE
At 31 January 2024 7,262
At 31 January 2023 7,500

Morfa Store Limited (Registered number: 13100523)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 1,040 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 10,144 7,993
Taxation and social security 6,062 7,023
Other creditors 32,327 39,857
48,533 54,873

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Share capital 1 £1 100 100