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REGISTERED NUMBER: 12210229 (England and Wales)















MORLO CREATIVE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






MORLO CREATIVE LTD (REGISTERED NUMBER: 12210229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MORLO CREATIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Miss N C Meharg





REGISTERED OFFICE: 45 High Street
Haverfordwest
SA61 2BP





REGISTERED NUMBER: 12210229 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

MORLO CREATIVE LTD (REGISTERED NUMBER: 12210229)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,018 66,909

CURRENT ASSETS
Debtors 5 150 -
Cash at bank 18,741 20,909
18,891 20,909
CREDITORS
Amounts falling due within one year 6 44,593 51,247
NET CURRENT LIABILITIES (25,702 ) (30,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,316

36,571

CREDITORS
Amounts falling due after more than one
year

7

13,802

-
NET ASSETS 51,514 36,571

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 51,513 36,570
51,514 36,571

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MORLO CREATIVE LTD (REGISTERED NUMBER: 12210229)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





Miss N C Meharg - Director


MORLO CREATIVE LTD (REGISTERED NUMBER: 12210229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Morlo Creative Ltd 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.

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.
Plant and Machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

MORLO CREATIVE LTD (REGISTERED NUMBER: 12210229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 47,595 54,258 6,626 108,479
Additions 43,172 - 1,914 45,086
At 30 September 2024 90,767 54,258 8,540 153,565
DEPRECIATION
At 1 October 2023 16,206 19,815 5,549 41,570
Charge for year 11,189 8,610 1,178 20,977
At 30 September 2024 27,395 28,425 6,727 62,547
NET BOOK VALUE
At 30 September 2024 63,372 25,833 1,813 91,018
At 30 September 2023 31,389 34,443 1,077 66,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 150 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,044 17,889
Trade creditors - 197
Taxation and social security - 2,942
Other creditors 42,549 30,219
44,593 51,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,802 -

8. RELATED PARTY DISCLOSURES

During the year, the director made funds available to the company, to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £41,237 (2023 £29,169).