Registered number
08162692
Morgan William Associates Limited
Filleted Accounts
31 March 2024
Morgan William Associates Limited
Registered number: 08162692
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 60,000 60,000
Tangible assets 4 523 697
60,523 60,697
Current assets
Stocks 805 375
Debtors 5 850 650
Cash at bank and in hand 43,106 43,476
44,761 44,501
Creditors: amounts falling due within one year 6 (55,168) (67,169)
Net current liabilities (10,407) (22,668)
Net assets 50,116 38,029
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,016 37,929
Shareholder's funds 50,116 38,029
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Irfan Khan
Director
Approved by the board on 27 December 2024
Morgan William Associates Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 60,000
At 31 March 2024 60,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 60,000
At 31 March 2023 60,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 0 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,200
At 31 March 2024 2,200
Depreciation
At 1 April 2023 1,503
Charge for the year 174
At 31 March 2024 1,677
Net book value
At 31 March 2024 523
At 31 March 2023 697
5 Debtors 2024 2023
£ £
Trade debtors 850 650
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,110 13,600
Director loan 33,272 20,149
Taxation and social security costs 2,891 3,420
Other creditors 17,895 30,000
55,168 67,169
7 Other information
Morgan William Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Hockley Hill
Hockley
Birmingham
West Midlands
B18 5AN
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