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REGISTERED NUMBER: 09524061 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MORGAN MEDICAL LIMITED

MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 928 827

CURRENT ASSETS
Debtors 5 117,922 85,297
Investments 6 65,771 60,000
Cash at bank 90,498 76,316
274,191 221,613
CREDITORS
Amounts falling due within one year 7 16,701 11,150
NET CURRENT ASSETS 257,490 210,463
TOTAL ASSETS LESS CURRENT LIABILITIES 258,418 211,290

PROVISIONS FOR LIABILITIES 176 157
NET ASSETS 258,242 211,133

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 258,142 211,033
SHAREHOLDERS' FUNDS 258,242 211,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 30 October 2024 and were signed by:





Mr D Morgan - Director


MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Morgan Medical Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 09524061

Registered office: 46 Victoria Road
Penarth
Cardiff
CF64 3HY

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.
Computer equipment - 33% Straight line

Taxation
Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 4,914
Additions 617
At 31 March 2024 5,531
DEPRECIATION
At 1 April 2023 4,087
Charge for year 516
At 31 March 2024 4,603
NET BOOK VALUE
At 31 March 2024 928
At 31 March 2023 827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 117,922 85,297

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 65,771 60,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 12,805 9,470
Other creditors 2,216 -
Accruals and deferred income 1,680 1,680
16,701 11,150

MORGAN MEDICAL LIMITED (REGISTERED NUMBER: 09524061)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100