Company registration number:
03485253
Morgan Williams Partnership Limited
Unaudited filleted financial statements
31 March 2024
Morgan Williams Partnership Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Morgan Williams Partnership Limited
Directors and other information
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Directors |
Mr M N L Morgan |
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Mr P A Williams |
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Mr G W Phillips |
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Company number |
03485253 |
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Registered office |
2 Tolherst Court |
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Turkey Mill Business Park |
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Ashford Road, Maidstone |
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Kent |
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ME14 5SF |
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Accountants |
Couch Bright King & Co |
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2 Tolherst Court |
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Turkey Mill Business Park |
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Ashford Road, Maidstone |
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Kent |
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ME14 5SF |
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Morgan Williams Partnership Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Morgan Williams Partnership Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morgan Williams Partnership Limited for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Couch Bright King & Co
Chartered Accountants
2 Tolherst Court
Turkey Mill Business Park
Ashford Road, Maidstone
Kent
ME14 5SF
20 November 2024
Morgan Williams Partnership Limited
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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4 |
20,370 |
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20,370 |
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_______ |
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_______ |
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20,370 |
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20,370 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
17,184) |
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(
17,184) |
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_______ |
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_______ |
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Net current assets |
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3,186 |
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3,186 |
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_______ |
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Total assets less current liabilities |
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3,186 |
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3,186 |
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_______ |
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Net assets |
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3,186 |
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3,186 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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3 |
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3 |
Profit and loss account |
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3,183 |
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3,183 |
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_______ |
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Shareholders funds |
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3,186 |
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3,186 |
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_______ |
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_______ |
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 November 2024
, and are signed on behalf of the board by:
Mr M N L Morgan
Director
Company registration number:
03485253
Morgan Williams Partnership Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in In England in the UK. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, ME14 5SF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised
4.
Debtors
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2024 |
2023 |
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£ |
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Trade debtors |
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4,550 |
4,550 |
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Other debtors |
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15,820 |
15,820 |
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_______ |
_______ |
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20,370 |
20,370 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Social security and other taxes |
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500 |
500 |
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Other creditors |
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16,684 |
16,684 |
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_______ |
_______ |
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17,184 |
17,184 |
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_______ |
_______ |
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