2023-02-01 2024-01-31 false Capium Accounts Production 1.1 SC604783 bus:AbridgedAccounts 2023-02-01 2024-01-31 SC604783 bus:FRS102 2023-02-01 2024-01-31 SC604783 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC604783 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC604783 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC604783 2023-02-01 2024-01-31 SC604783 2024-01-31 SC604783 bus:RegisteredOffice 2023-02-01 2024-01-31 SC604783 core:WithinOneYear 2024-01-31 SC604783 core:AfterOneYear 2024-01-31 SC604783 bus:Director1 2023-02-01 2024-01-31 SC604783 bus:Director1 2024-01-31 SC604783 bus:Director1 2022-02-01 2023-01-31 SC604783 bus:Director2 2023-02-01 2024-01-31 SC604783 bus:Director2 2024-01-31 SC604783 bus:Director2 2022-02-01 2023-01-31 SC604783 2022-02-01 SC604783 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 SC604783 2022-02-01 2023-01-31 SC604783 2023-01-31 SC604783 core:WithinOneYear 2023-01-31 SC604783 core:AfterOneYear 2023-01-31 SC604783 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 SC604783 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC604783 bus:OrdinaryShareClass1 2024-01-31 SC604783 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 SC604783 bus:OrdinaryShareClass1 2023-01-31 SC604783 core:PlantMachinery 2023-02-01 2024-01-31 SC604783 core:PlantMachinery 2024-01-31 SC604783 core:PlantMachinery 2023-01-31 SC604783 core:ComputerEquipment 2023-02-01 2024-01-31 SC604783 core:ComputerEquipment 2024-01-31 SC604783 core:ComputerEquipment 2023-01-31 SC604783 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 SC604783 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 SC604783 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 SC604783 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 SC604783 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 SC604783 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC604783 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC604783 core:Non-currentFinancialInstruments 2024-01-31 SC604783 core:Non-currentFinancialInstruments 2023-01-31 SC604783 core:ShareCapital 2024-01-31 SC604783 core:ShareCapital 2023-01-31 SC604783 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC604783 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC604783 dpl:Item1 2023-02-01 SC604783 dpl:Item1 2024-01-31 SC604783 dpl:Item1 2022-02-01 SC604783 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC604783
Scotland

 

 

 

GARETH JAMES MORGAN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gareth James Morgan Limited for the year ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gareth James Morgan Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Gareth James Morgan Limited , as a body, in accordance with the terms of our engagement letter dated 24 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Gareth James Morgan Limited and state those matters that we have agreed to state to the Board of Directors of Gareth James Morgan Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gareth James Morgan Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gareth James Morgan Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gareth James Morgan Limited . You consider that Gareth James Morgan 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 accounts of Gareth James Morgan 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 accounts for the period ended
31 January 2024



....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
24 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 24,619    289 
Investments 4 101,913    101,913 
126,532    102,202 
Current assets      
Cash at bank and in hand 27,231    390 
Creditors: amount falling due within one year (559,891)   (6,891)
Net current assets (532,660)   (6,501)
 
Total assets less current liabilities (406,128)   95,701 
Creditors: amount falling due after more than one year (5,287)   (548,327)
Net assets (411,415)   (452,626)
 

Capital and reserves
     
Called up share capital 5 1    1 
Profit and loss account (411,416)   (452,627)
Shareholders' funds (411,415)   (452,626)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 October 2024 and were signed on its behalf by:


-------------------------------
Gareth Morgan
Director
2
General Information
Gareth James Morgan Limited is a private company, limited by shares, registered in Scotland, registration number SC604783, registration address Sgarbach House 10 Binniehill Road , Cumbernauld, Glasgow , G68 9AJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

1
Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 February 2023   10,850    10,850 
Additions 30,773      30,773 
Disposals    
At 31 January 2024 30,773    10,850    41,623 
Depreciation
At 01 February 2023   10,561    10,561 
Charge for year 6,154    289    6,443 
On disposals    
At 31 January 2024 6,154    10,850    17,004 
Net book values
Closing balance as at 31 January 2024 24,619      24,619 
Opening balance as at 01 February 2023   289    289 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 February 2023 101,913    101,913 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 January 2024 101,913    101,913 

5.

Share Capital

Authorised
100 Class A shares of £0.01 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £0.01 each  
 

3