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REGISTERED NUMBER: 01488714 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Morgan Three-Wheeler Club Ltd

The Morgan Three-Wheeler Club Ltd (Registered number: 01488714)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Morgan Three-Wheeler Club Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S B L Lister
S C S Clark
C R T Smith
T J Reynolds





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB





REGISTERED NUMBER: 01488714 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

The Morgan Three-Wheeler Club Ltd (Registered number: 01488714)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,774 2,891

CURRENT ASSETS
Stocks 192,575 191,678
Debtors 5 6,542 8,747
Cash at bank and in hand 316,524 312,901
515,641 513,326
CREDITORS
Amounts falling due within one year 6 19,970 28,127
NET CURRENT ASSETS 495,671 485,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,445

488,090

RESERVES
Leavens fund 7 138,588 147,077
Income and expenditure account 7 359,857 341,013
498,445 488,090

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 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 surplus or deficit 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 14 July 2024 and were signed on its behalf by:





T J Reynolds - Director


The Morgan Three-Wheeler Club Ltd (Registered number: 01488714)

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

1. STATUTORY INFORMATION

The Morgan Three-Wheeler Club Ltd is a private company, limited by guarantee , 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
The financial statements have been prepared under with the historical cost convention and in
accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008). In order
to ensure that the financial statements and in particular the income and expenditure account show a true
and fair view, the precise format of the financial statements as prescribed by the Companies Act 2006 has
not been adopted.

Income
Income consists of the invoiced value (excluding VAT where applicable) of goods and services supplied to club members plus subscriptions, donations and revenue from advertising.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on reducing balance

Stocks
The stock of spare parts, club regalia and publications are valued at the lower of cost or net realisable value.

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.

Investments
Many years ago Santander shares were acquired at no cost when they had a market value of £1,500
Although they have a current value of £310(2023 £257), it is felt better to show in the accounts at original cost.

3. EMPLOYEES AND DIRECTORS

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

The Morgan Three-Wheeler Club Ltd (Registered number: 01488714)

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

4. TANGIBLE FIXED ASSETS
Fixtures Gerald
Timing and Carr Computer
equipment fittings Morgan equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,475 13,714 2,500 6,029 26,718
DEPRECIATION
At 1 April 2023 4,475 13,582 - 5,770 23,827
Charge for year - 44 - 73 117
At 31 March 2024 4,475 13,626 - 5,843 23,944
NET BOOK VALUE
At 31 March 2024 - 88 2,500 186 2,774
At 31 March 2023 - 132 2,500 259 2,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 827 2,296
VAT 2,192 2,220
Prepayments 3,523 4,231
6,542 8,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 513 5,741
Accrued expenses 3,376 6,175
Deferred income 16,081 16,211
19,970 28,127

7. RESERVES
Income
and
expenditure Leavens
account fund Totals
£    £    £   

At 1 April 2023 341,013 147,077 488,090
Surplus for the year 10,355 10,355
Funds transfer 8,489 (8,489 ) -
At 31 March 2024 359,857 138,588 498,445

The Morgan Three-Wheeler Club Ltd (Registered number: 01488714)

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

8. MEMBERS' LIABILITY

The company is limited by guarantee of the members and does not have share capital. Every member of the Club undertakes to contribute to the assets of the Club in the event of its being wound up while he is a member, or within one year afterwards, for payment of the debts and liabilities of the Club contracted before he ceases to be a member, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.