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REGISTERED NUMBER: 05429679 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

SAUNDERS MORGAN-HARRIS LIMITED

SAUNDERS MORGAN-HARRIS LIMITED (REGISTERED NUMBER: 05429679)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAUNDERS MORGAN-HARRIS LIMITED

COMPANY INFORMATION
for the Year Ended 31ST MAY 2024







DIRECTORS: D K Saunders
H H Morgan-Harris
M A Brown
F L Morgan-Harris





REGISTERED OFFICE: The Sail Loft, Hamble Yacht Services
Port Hamble Marina
Satchell Lane
Hamble
Hampshire
SO31 4NN





REGISTERED NUMBER: 05429679 (England and Wales)

SAUNDERS MORGAN-HARRIS LIMITED (REGISTERED NUMBER: 05429679)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,057 12,676

CURRENT ASSETS
Debtors 5 142,435 174,343
Cash at bank 63,764 59,916
206,199 234,259
CREDITORS
Amounts falling due within one year 6 99,540 83,664
NET CURRENT ASSETS 106,659 150,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,716

163,271

CREDITORS
Amounts falling due after more than one year 7 (10,633 ) (20,580 )

PROVISIONS FOR LIABILITIES (5,765 ) (2,408 )
NET ASSETS 113,318 140,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,218 140,183
113,318 140,283

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15th November 2024 and were signed on its behalf by:



D K Saunders - Director


SAUNDERS MORGAN-HARRIS LIMITED (REGISTERED NUMBER: 05429679)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024

1. STATUTORY INFORMATION

Saunders Morgan-Harris Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 25% on cost and 10% 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SAUNDERS MORGAN-HARRIS LIMITED (REGISTERED NUMBER: 05429679)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 52,303
Additions 13,511
Disposals (3,102 )
At 31st May 2024 62,712
DEPRECIATION
At 1st June 2023 39,627
Charge for year 3,126
Eliminated on disposal (3,098 )
At 31st May 2024 39,655
NET BOOK VALUE
At 31st May 2024 23,057
At 31st May 2023 12,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 51,988 61,507
Other debtors 90,447 112,836
142,435 174,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 387
Taxation and social security 79,543 62,338
Other creditors 9,997 10,939
99,540 83,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,633 20,580

SAUNDERS MORGAN-HARRIS LIMITED (REGISTERED NUMBER: 05429679)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
D K Saunders
Balance outstanding at start of year 35,866 36,047
Amounts advanced 66,214 721
Amounts repaid (65,732 ) (902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,348 35,866

H H Morgan-Harris
Balance outstanding at start of year 24,711 43,892
Amounts advanced 149,778 517
Amounts repaid (156,512 ) (19,698 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,977 24,711

F L Morgan-Harris
Balance outstanding at start of year - 4,825
Amounts repaid - (4,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the official rate where the balance exceeds £10,000 at any time during the year.

Interest of £1,569 (2023 : £1,238) has been charged during the year.