Company Registration No. 11568450 (England and Wales)
SCOTT MORGAN GROUP LTD
Unaudited accounts
for the year ended 30 September 2024
SCOTT MORGAN GROUP LTD
Unaudited accounts
Contents
SCOTT MORGAN GROUP LTD
Company Information
for the year ended 30 September 2024
Company Number
11568450 (England and Wales)
Registered Office
West Clayton Business Centre
Berry Lane
Chorleywood
Hertforshire
WD3 5EX
England
Accountants
GIA Foley & Co
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
SCOTT MORGAN GROUP LTD
Statement of financial position
as at 30 September 2024
Tangible assets
723,738
726,533
Cash at bank and in hand
8,985
4,074
Creditors: amounts falling due within one year
(911)
(911)
Net current assets
18,074
13,163
Total assets less current liabilities
741,812
739,696
Creditors: amounts falling due after more than one year
(420,711)
(770,296)
Net assets/(liabilities)
321,101
(30,600)
Called up share capital
100
100
Profit and loss account
321,001
(30,700)
Shareholders' funds
321,101
(30,600)
For the year ending 30 September 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 22 November 2024 and were signed on its behalf by
Mr S Morgan
Director
Company Registration No. 11568450
SCOTT MORGAN GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
SCOTT MORGAN GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11568450. The registered office is West Clayton Business Centre, Berry Lane, Chorleywood, Hertforshire, WD3 5EX, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
715,354
26,500
741,854
At 30 September 2024
715,354
26,500
741,854
At 1 October 2023
-
15,321
15,321
Charge for the year
-
2,795
2,795
At 30 September 2024
-
18,116
18,116
At 30 September 2024
715,354
8,384
723,738
At 30 September 2023
715,354
11,179
726,533
Amounts falling due within one year
Other debtors
10,000
10,000
6
Creditors: amounts falling due within one year
2024
2023
SCOTT MORGAN GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
420,711
420,711
The loan of £420,711.00 is secured by way of a mortgage on the property owned by the company.
8
Transactions with related parties
During the year a loan of £349,585 from PHD Mechanical Ltd, a company in which the director Mr S Morgan owns 100% of the share capital, was written off.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).