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REGISTERED NUMBER: 04436016 (England and Wales)















MORGAN TRUSSING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGAN TRUSSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J Tucker
Mrs L J Tucker





SECRETARY: Mrs L J Tucker





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04436016 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 240,838 248,985

CURRENT ASSETS
Debtors 5 199,352 86,830
Cash at bank 59,486 60,082
258,838 146,912
CREDITORS
Amounts falling due within one year 6 (162,103 ) (91,713 )
NET CURRENT ASSETS 96,735 55,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,573

304,184

CREDITORS
Amounts falling due after more than one year 7 (31,558 ) (46,895 )
NET ASSETS 306,015 257,289

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 306,013 257,287
SHAREHOLDERS' FUNDS 306,015 257,289

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

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

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

BALANCE SHEET - continued
30 JUNE 2024


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 28 March 2025 and were signed on its behalf by:





Mr J Tucker - Director


MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Morgan Trussing 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.

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 - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixture &
property machinery Fittings
£    £    £   
COST
At 1 July 2023 207,442 34,770 876
Additions - 1,749 1,237
At 30 June 2024 207,442 36,519 2,113
DEPRECIATION
At 1 July 2023 - 15,212 383
Charge for year - 5,327 433
At 30 June 2024 - 20,539 816
NET BOOK VALUE
At 30 June 2024 207,442 15,980 1,297
At 30 June 2023 207,442 19,558 493

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 27,444 1,806 272,338
Additions - - 2,986
At 30 June 2024 27,444 1,806 275,324
DEPRECIATION
At 1 July 2023 6,861 897 23,353
Charge for year 5,146 227 11,133
At 30 June 2024 12,007 1,124 34,486
NET BOOK VALUE
At 30 June 2024 15,437 682 240,838
At 30 June 2023 20,583 909 248,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,019 38,497
Inter Company Account 48,333 48,333
199,352 86,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,456 13,456
Other loans 7,663 7,663
Corporation Tax 11,457 10
Social security and other taxes 835 612
Pension 374 -
VAT 29,869 19,700
Directors' current accounts 52,324 47,033
Accruals and deferred income 42,726 -
Accrued expenses 3,399 3,239
162,103 91,713

MORGAN TRUSSING LIMITED (REGISTERED NUMBER: 04436016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 20,844 30,796
Other loans - 1-2 years 10,714 16,099
31,558 46,895

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,844 30,796

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,300 44,252

The bank loan is secured by a charge over the freehold property shown within fixed assets.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Tucker.