Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10826581 Mr Hywel Morgan Mrs Mary Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10826581 2023-06-30 10826581 2024-06-30 10826581 2023-07-01 2024-06-30 10826581 frs-core:CurrentFinancialInstruments 2024-06-30 10826581 frs-core:ComputerEquipment 2024-06-30 10826581 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10826581 frs-core:ComputerEquipment 2023-06-30 10826581 frs-core:FurnitureFittings 2024-06-30 10826581 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10826581 frs-core:FurnitureFittings 2023-06-30 10826581 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 10826581 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10826581 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 10826581 frs-core:PlantMachinery 2024-06-30 10826581 frs-core:PlantMachinery 2023-07-01 2024-06-30 10826581 frs-core:PlantMachinery 2023-06-30 10826581 frs-core:ShareCapital 2024-06-30 10826581 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10826581 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10826581 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10826581 frs-bus:SmallEntities 2023-07-01 2024-06-30 10826581 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10826581 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10826581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-01 2024-06-30 10826581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 10826581 frs-bus:Director1 2023-07-01 2024-06-30 10826581 frs-bus:Director2 2023-07-01 2024-06-30 10826581 frs-countries:EnglandWales 2023-07-01 2024-06-30 10826581 2022-06-30 10826581 2023-06-30 10826581 2022-07-01 2023-06-30 10826581 frs-core:CurrentFinancialInstruments 2023-06-30 10826581 frs-core:ShareCapital 2023-06-30 10826581 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10826581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 10826581
Morgan Group Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10826581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 782,503 626,881
782,503 626,881
CURRENT ASSETS
Debtors 5 - 3,510
Cash at bank and in hand 4,101 3,759
4,101 7,269
Creditors: Amounts Falling Due Within One Year 6 (398,747 ) (404,257 )
NET CURRENT ASSETS (LIABILITIES) (394,646 ) (396,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 387,857 229,893
NET ASSETS 387,857 229,893
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair Value Reserve 8 155,000 -
Profit and Loss Account 232,757 229,793
SHAREHOLDERS' FUNDS 387,857 229,893
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hywel Morgan
Director
27/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Morgan Group Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10826581 . The registered office is 146 Bedford Road, Rushden, Northants, NN10 0SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Revaluation policy
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
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Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 July 2023 625,000 1,727 3,217 - 629,944
Additions - - - 1,456 1,456
Revaluation 155,000 - - - 155,000
As at 30 June 2024 780,000 1,727 3,217 1,456 786,400
Depreciation
As at 1 July 2023 - 1,170 1,893 - 3,063
Provided during the period - 139 331 364 834
As at 30 June 2024 - 1,309 2,224 364 3,897
Net Book Value
As at 30 June 2024 780,000 418 993 1,092 782,503
As at 1 July 2023 625,000 557 1,324 - 626,881
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 3,510
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,275 1,275
Directors' loan accounts 397,472 402,982
398,747 404,257
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Fair Value Reserve
£
Transfer to profit and loss 155,000
As at 30 June 2024 155,000
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