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REGISTERED NUMBER: 08436736 (England and Wales)












S MORGAN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 FEBRUARY 2025 TO 26 FEBRUARY 2025






S MORGAN LTD (REGISTERED NUMBER: 08436736)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2025 TO 26 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S MORGAN LTD

COMPANY INFORMATION
FOR THE PERIOD 11 FEBRUARY 2025 TO 26 FEBRUARY 2025







DIRECTOR: S Morgan





REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor
Cardigan House
Swansea
SA7 9LA





REGISTERED NUMBER: 08436736 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

S MORGAN LTD (REGISTERED NUMBER: 08436736)

BALANCE SHEET
26 FEBRUARY 2025

2025 2025
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,648 1,648

CURRENT ASSETS
Debtors 5 261,166 -
Cash at bank - 281,759
261,166 281,759
CREDITORS
Amounts falling due within one year 6 23 20,592
NET CURRENT ASSETS 261,143 261,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,791

262,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,691 262,715
SHAREHOLDERS' FUNDS 262,791 262,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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.

S MORGAN LTD (REGISTERED NUMBER: 08436736)

BALANCE SHEET - continued
26 FEBRUARY 2025



The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





S Morgan - Director


S MORGAN LTD (REGISTERED NUMBER: 08436736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2025 TO 26 FEBRUARY 2025

1. STATUTORY INFORMATION

S Morgan 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the period comprises current 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 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.

S MORGAN LTD (REGISTERED NUMBER: 08436736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2025 TO 26 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial I instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

S MORGAN LTD (REGISTERED NUMBER: 08436736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2025 TO 26 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going Concern
The company went into members' voluntary liquidation on 27th February 2025 and the financial statements have been prepared on a basis other than that of the going concern basis. The bank balance has been transferred to the liquidator and all creditors have been settled. The fixed assets are of low nominal value and no material change is expected between the fair value at the year end and the cessation date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2025 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 11 February 2025
and 26 February 2025 2,326
DEPRECIATION
At 11 February 2025
and 26 February 2025 678
NET BOOK VALUE
At 26 February 2025 1,648
At 10 February 2025 1,648

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2025
£    £   
Other debtors 261,166 -

Included in debtors is an amount of £261,166. This amount is in respect of the bank balance transferred across to Bevan Buckland LLP, who are the appointed liquidators.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2025
£    £   
Taxation and social security - 7,022
Other creditors 23 13,570
23 20,592

Included in creditors in the accounts to 10th February 2025 was a balance of £11,621 due to the director. This was interest free and repayable on demand. This was repaid in full during the current period.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
S MORGAN LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S Morgan Ltd for the period ended 26 February 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S Morgan Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S Morgan Ltd and state those matters that we have agreed to state to the director of S Morgan Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S Morgan Ltd and its director for our work or for this report.

It is your duty to ensure that S Morgan Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of S Morgan Ltd. You consider that S Morgan Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of S Morgan Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


18 March 2025