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REGISTERED NUMBER: 02194821 (England and Wales)















Morgan Cooper Limited

Unaudited Financial Statements

for the year ended

30 April 2024






Morgan Cooper Limited (Registered number: 02194821)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


Morgan Cooper Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: S C King





SECRETARY: S E Cooper





REGISTERED OFFICE: Unit G
Eurocentre
North River Road
Great Yarmouth
Norfolk
NR30 1TE





REGISTERED NUMBER: 02194821 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Morgan Cooper Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morgan Cooper Limited for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Morgan Cooper Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Morgan Cooper Limited and state those matters that we have agreed to state to the director of Morgan Cooper Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morgan Cooper Limited and its director for our work or for this report.

It is your duty to ensure that Morgan Cooper Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Morgan Cooper Limited. You consider that Morgan Cooper Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Morgan Cooper Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


26 September 2024

Morgan Cooper Limited (Registered number: 02194821)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 40,578 53,360

CURRENT ASSETS
Inventories 57,390 61,017
Debtors 5 470,901 350,444
Cash at bank and in hand 299,013 71,158
827,304 482,619
CREDITORS
Amounts falling due within one year 6 (617,558 ) (333,194 )
NET CURRENT ASSETS 209,746 149,425
TOTAL ASSETS LESS CURRENT LIABILITIES 250,324 202,785

CREDITORS
Amounts falling due after more than one year 7 (4,301 ) (10,034 )

PROVISIONS FOR LIABILITIES (8,911 ) (9,735 )
NET ASSETS 237,112 183,016

CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Retained earnings 202,112 148,016
SHAREHOLDERS' FUNDS 237,112 183,016

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

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

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 26 September 2024 and were signed by:





S C King - Director


Morgan Cooper Limited (Registered number: 02194821)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Morgan Cooper 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost
Plant and machinery - 15% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Revenue recognition
Work in progress is valued at the expected invoice value of the work undertaken but not invoiced at the year end.

Morgan Cooper Limited (Registered number: 02194821)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, when it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within profit or loss. This includes the Government Coronavirus Job Retention Scheme ('Furlough').

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Office Plant and Motor Computer
equipment machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 11,305 173,428 14,000 12,685 211,418
Additions 2,879 - - 325 3,204
At 30 April 2024 14,184 173,428 14,000 13,010 214,622
DEPRECIATION
At 1 May 2023 8,754 129,886 10,678 8,740 158,058
Charge for year 793 12,684 831 1,678 15,986
At 30 April 2024 9,547 142,570 11,509 10,418 174,044
NET BOOK VALUE
At 30 April 2024 4,637 30,858 2,491 2,592 40,578
At 30 April 2023 2,551 43,542 3,322 3,945 53,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 359,900 274,792
Other debtors 111,001 75,652
470,901 350,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,735 5,733
Trade creditors 434,137 166,916
Taxation and social security 105,800 85,805
Other creditors 71,886 74,740
617,558 333,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,301 10,034

Morgan Cooper Limited (Registered number: 02194821)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


8. OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases over the remaining life of those leases of £6,710 (30/04/2023 - £10,369).