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Company Registration No. 06151099 (England and Wales)
Morgans Electrical Services Ltd Unaudited accounts for the year ended 31 May 2024
Morgans Electrical Services Ltd Unaudited accounts Contents
Page
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Morgans Electrical Services Ltd Company Information for the year ended 31 May 2024
Director
Mr Andrew Morgan
Company Number
06151099 (England and Wales)
Registered Office
Old Millgate Cottage Hambledon Henley-On-Thames RG9 3AY
Accountants
Dead Simple Accounting Suite 30, 105 London Street Reading Berkshire RG1 4QD
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Morgans Electrical Services Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,607 
375 
Current assets
Inventories
2,000 
2,000 
Debtors
17,653 
28,030 
19,653 
30,030 
Creditors: amounts falling due within one year
(19,762)
(16,269)
Net current (liabilities)/assets
(109)
13,761 
Total assets less current liabilities
38,498 
14,136 
Creditors: amounts falling due after more than one year
(34,791)
(7,575)
Provisions for liabilities
Deferred tax
(7,335)
- 
Net (liabilities)/assets
(3,628)
6,561 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,728)
6,461 
Shareholders' funds
(3,628)
6,561 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Mr Andrew Morgan Director Company Registration No. 06151099
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Morgans Electrical Services Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Morgans Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06151099. The registered office is Old Millgate Cottage, Hambledon, Henley-On-Thames, RG9 3AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
1,975 
- 
1,011 
2,371 
5,357 
Additions
- 
42,896 
- 
- 
42,896 
At 31 May 2024
1,975 
42,896 
1,011 
2,371 
48,253 
Depreciation
At 1 June 2023
1,975 
- 
1,011 
1,996 
4,982 
Charge for the year
- 
4,289 
- 
375 
4,664 
At 31 May 2024
1,975 
4,289 
1,011 
2,371 
9,646 
Net book value
At 31 May 2024
- 
38,607 
- 
- 
38,607 
At 31 May 2023
- 
- 
- 
375 
375 
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Morgans Electrical Services Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
638 
- 
Other debtors
- 
4,809 
638 
4,809 
Amounts falling due after more than one year
Trade debtors
- 
1,764 
Accrued income and prepayments
7,076 
- 
Other debtors
9,939 
21,457 
17,015 
23,221 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,459 
4,919 
VAT
1,946 
1,377 
Obligations under finance leases and hire purchase contracts
6,426 
11,126 
Taxes and social security
931 
(1,153)
19,762 
16,269 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,074 
7,918 
Obligations under finance leases and hire purchase contracts
30,717 
- 
Loans from directors
- 
(343)
34,791 
7,575 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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