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REGISTERED NUMBER: 04205110 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Morcan Limited

Morcan Limited (Registered number: 04205110)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Morcan Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Eales
D Freckleton





SECRETARY: R Eales





REGISTERED OFFICE: 3rd Floor 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 04205110 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Morcan Limited (Registered number: 04205110)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,861 17,863

CURRENT ASSETS
Debtors 5 191,460 216,693
Prepayments and accrued income 1,876 1,880
Cash at bank 351,849 295,507
545,185 514,080
CREDITORS
Amounts falling due within one year 6 178,808 170,575
NET CURRENT ASSETS 366,377 343,505
TOTAL ASSETS LESS CURRENT LIABILITIES 382,238 361,368

PROVISIONS FOR LIABILITIES (3,965 ) (4,466 )

ACCRUALS AND DEFERRED INCOME (1,595 ) (1,720 )
NET ASSETS 376,678 355,182

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 376,538 355,042
376,678 355,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 17 March 2025 and were signed on its behalf by:





D Freckleton - Director


Morcan Limited (Registered number: 04205110)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Morcan Limited 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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Morcan Limited (Registered number: 04205110)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 19,939 72,430 92,369
Additions 2,037 6,038 8,075
At 30 September 2024 21,976 78,468 100,444
DEPRECIATION
At 1 October 2023 16,869 57,637 74,506
Charge for year 1,551 8,526 10,077
At 30 September 2024 18,420 66,163 84,583
NET BOOK VALUE
At 30 September 2024 3,556 12,305 15,861
At 30 September 2023 3,070 14,793 17,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,720 160,955
Other debtors 49,740 55,738
191,460 216,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,604 29,869
Taxation and social security 143,559 131,480
Other creditors 11,645 9,226
178,808 170,575

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D Freckleton
Balance outstanding at start of year 5,998 -
Amounts advanced - 5,998
Amounts repaid (5,998 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,998

The loans provided are interest free and are repayable on demand.