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REGISTERED NUMBER: 10605353 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MORVA LTD

MORVA LTD (REGISTERED NUMBER: 10605353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORVA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M R G Allcock
Mrs T L Woodhead





REGISTERED OFFICE: Star House
2 Market Place
Marazion
Cornwall
TR17 0AR





REGISTERED NUMBER: 10605353 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

MORVA LTD (REGISTERED NUMBER: 10605353)

BALANCE SHEET
28 FEBRUARY 2025

28/2/25 29/2/24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 233 815
233 815

CURRENT ASSETS
Stocks 16,715 19,319
Debtors 6 135 180
Cash at bank 38,102 33,049
54,952 52,548
CREDITORS
Amounts falling due within one year 7 52,144 46,169
NET CURRENT ASSETS 2,808 6,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,041

7,194

PROVISIONS FOR LIABILITIES 44 155
NET ASSETS 2,997 7,039

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,895 6,937
SHAREHOLDERS' FUNDS 2,997 7,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 profit or loss 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.

MORVA LTD (REGISTERED NUMBER: 10605353)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 12 March 2025 and were signed on its behalf by:





M R G Allcock - Director


MORVA LTD (REGISTERED NUMBER: 10605353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Morva Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MORVA LTD (REGISTERED NUMBER: 10605353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 March 2024
and 28 February 2025 2,250
AMORTISATION
At 1 March 2024
and 28 February 2025 2,250
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2024 1,218 4,271 5,489
Disposals (108 ) (1,041 ) (1,149 )
At 28 February 2025 1,110 3,230 4,340
DEPRECIATION
At 1 March 2024 1,126 3,548 4,674
Charge for year 92 490 582
Eliminated on disposal (108 ) (1,041 ) (1,149 )
At 28 February 2025 1,110 2,997 4,107
NET BOOK VALUE
At 28 February 2025 - 233 233
At 29 February 2024 92 723 815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Prepayments 135 180

MORVA LTD (REGISTERED NUMBER: 10605353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Trade creditors 661 351
Tax 2,869 1,902
Social security and other taxes 113 63
VAT 2,388 2,887
Other creditors 1,517 -
Directors' current accounts 42,931 39,131
Accrued expenses 1,665 1,835
52,144 46,169

8. RELATED PARTY DISCLOSURES

The company pays rent to the directors on an arms length commercial basis. The amount paid to the directors was £13,800 (2023: £13,800).