IRIS Accounts Production v24.2.0.383 05514487 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true true true true true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055144872022-12-31055144872023-12-31055144872023-01-012023-12-31055144872021-12-31055144872022-01-012022-12-31055144872022-12-3105514487ns15:EnglandWales2023-01-012023-12-3105514487ns14:PoundSterling2023-01-012023-12-3105514487ns10:Director12023-01-012023-12-3105514487ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105514487ns10:SmallEntities2023-01-012023-12-3105514487ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105514487ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105514487ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105514487ns10:FullAccounts2023-01-012023-12-3105514487ns10:Director22023-01-012023-12-3105514487ns10:CompanySecretary12023-01-012023-12-3105514487ns10:RegisteredOffice2023-01-012023-12-3105514487ns5:CurrentFinancialInstruments2023-12-3105514487ns5:CurrentFinancialInstruments2022-12-3105514487ns5:ShareCapital2023-12-3105514487ns5:ShareCapital2022-12-3105514487ns5:RetainedEarningsAccumulatedLosses2023-12-3105514487ns5:RetainedEarningsAccumulatedLosses2022-12-3105514487ns5:ComputerEquipment2023-01-012023-12-3105514487ns5:ComputerEquipment2022-12-3105514487ns5:ComputerEquipment2023-12-3105514487ns5:ComputerEquipment2022-12-31
REGISTERED NUMBER: 05514487 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MORGAN STUDIOS LIMITED

MORGAN STUDIOS LIMITED (REGISTERED NUMBER: 05514487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORGAN STUDIOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M A Morgan
E L Morgan





SECRETARY: E L Morgan





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 05514487 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

MORGAN STUDIOS LIMITED (REGISTERED NUMBER: 05514487)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621 233

CURRENT ASSETS
Debtors 5 2,682 22,067
Cash at bank 48,872 23,786
51,554 45,853
CREDITORS
Amounts falling due within one year 6 30,218 27,543
NET CURRENT ASSETS 21,336 18,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,957

18,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,857 18,443
SHAREHOLDERS' FUNDS 21,957 18,543

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





M A Morgan - Director


MORGAN STUDIOS LIMITED (REGISTERED NUMBER: 05514487)

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

1. STATUTORY INFORMATION

Morgan Studios 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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.
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023 12,788
Additions 828
At 31 December 2023 13,616
DEPRECIATION
At 1 January 2023 12,555
Charge for year 440
At 31 December 2023 12,995
NET BOOK VALUE
At 31 December 2023 621
At 31 December 2022 233

MORGAN STUDIOS LIMITED (REGISTERED NUMBER: 05514487)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,682 22,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 8,896 6,944
Social security and other taxes 1 266
VAT 4,464 4,006
Directors' current accounts 15,357 14,552
Accruals and deferred income 1,500 1,775
30,218 27,543

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,900 (2022 - £33,348) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The controlling party is M A Morgan.