IRIS Accounts Production v24.3.0.553 08904303 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089043032023-02-28089043032024-02-29089043032023-03-012024-02-29089043032022-02-28089043032022-03-012023-02-28089043032023-02-2808904303ns15:EnglandWales2023-03-012024-02-2908904303ns14:PoundSterling2023-03-012024-02-2908904303ns10:Director12023-03-012024-02-2908904303ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908904303ns10:SmallEntities2023-03-012024-02-2908904303ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2908904303ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908904303ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908904303ns10:FullAccounts2023-03-012024-02-2908904303ns10:RegisteredOffice2023-03-012024-02-2908904303ns5:CurrentFinancialInstruments2024-02-2908904303ns5:CurrentFinancialInstruments2023-02-2808904303ns5:Non-currentFinancialInstruments2024-02-2908904303ns5:Non-currentFinancialInstruments2023-02-2808904303ns5:ShareCapital2024-02-2908904303ns5:ShareCapital2023-02-2808904303ns5:RetainedEarningsAccumulatedLosses2024-02-2908904303ns5:RetainedEarningsAccumulatedLosses2023-02-2808904303ns5:PlantMachinery2023-03-012024-02-2908904303ns5:PlantMachinery2024-02-2908904303ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908904303ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28089043031ns10:Director12023-02-28089043031ns10:Director12022-02-28089043031ns10:Director12023-03-012024-02-29089043031ns10:Director12022-03-012023-02-28089043031ns10:Director12024-02-29089043031ns10:Director12023-02-28
REGISTERED NUMBER: 08904303 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Morganti Golf Limited

Morganti Golf Limited (Registered number: 08904303)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Morganti Golf Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A B Morganti





REGISTERED OFFICE: 9 St Georges Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 08904303 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Morganti Golf Limited (Registered number: 08904303)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 573 -

CURRENT ASSETS
Debtors 5 20,194 15,767
Cash at bank 202 1,638
20,396 17,405
CREDITORS
Amounts falling due within one year 6 17,903 12,005
NET CURRENT ASSETS 2,493 5,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,066

5,400

CREDITORS
Amounts falling due after more than one
year

7

(2,375

)

(4,275

)

PROVISIONS FOR LIABILITIES (143 ) -
NET ASSETS 548 1,125

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 538 1,115
SHAREHOLDERS' FUNDS 548 1,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 19 November 2024 and were signed by:





A B Morganti - Director


Morganti Golf Limited (Registered number: 08904303)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Morganti Golf 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.

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 of the company golf tutoring activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

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

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Morganti Golf Limited (Registered number: 08904303)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 644
At 29 February 2024 644
DEPRECIATION
Charge for year 71
At 29 February 2024 71
NET BOOK VALUE
At 29 February 2024 573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 20,194 15,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,900 1,900
Trade creditors 460 524
Taxation and social security 4,824 3,996
Other creditors 10,719 5,585
17,903 12,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 2,375 4,275

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
A B Morganti
Balance outstanding at start of year 15,767 14,028
Amounts advanced 34,328 28,422
Amounts repaid (29,901 ) (26,683 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,194 15,767

The company provided the director with an interest free loan and with no fixed date for repayment. The maximum amount owed to the company by the director in the period under review was £29,623.