2023-02-012024-01-312024-01-31false11169148MORROW DIGITAL 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MORROW DIGITAL LTD

Registered Number
11169148
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MORROW DIGITAL LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Oliver Edis

Registered Address

Suite 1 Number One Bristol
Lewins Mead
Bristol
BS1 2NR

Registered Number

11169148 (England and Wales)
MORROW DIGITAL LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,35512,900
15,35512,900
Current assets
Debtors4173,603254,580
Cash at bank and on hand254,895195,829
428,498450,409
Creditors amounts falling due within one year5(121,973)(44,730)
Net current assets (liabilities)306,525405,679
Total assets less current liabilities321,880418,579
Net assets321,880418,579
Capital and reserves
Called up share capital200200
Profit and loss account321,680418,379
Shareholders' funds321,880418,579
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
Oliver Edis
Director
Registered Company No. 11169148
MORROW DIGITAL LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings33
Office Equipment33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year57
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 2325,441
Additions7,480
At 31 January 2432,921
Depreciation and impairment
At 01 February 2312,541
Charge for year5,025
At 31 January 2417,565
Net book value
At 31 January 2415,355
At 31 January 2312,900
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables65,46194,044
Amounts owed by group undertakings101,654101,654
Other debtors4,69453,540
Prepayments and accrued income1,7941,314
Total173,603250,552
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables44,92825,180
Taxation and social security76,44318,804
Other creditors602746
Total121,97344,730
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.