Company Registration No. 09559555 (England and Wales)
Morel Intl Solutions Ltd
Unaudited accounts
for the year ended 31 December 2023
Morel Intl Solutions Ltd
Unaudited accounts
Contents
Morel Intl Solutions Ltd
Company Information
for the year ended 31 December 2023
Company Number
09559555 (England and Wales)
Registered Office
20 Fitzroy Square
London
W1T 6EJ
England
Accountants
WellTax Limited
20 Fitzroy Square
London
W1T 6EJ
Morel Intl Solutions Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
519,436
166,897
Cash at bank and in hand
83,108
91
Creditors: amounts falling due within one year
(234,905)
(263,364)
Net current liabilities
(91,093)
(250,942)
Total assets less current liabilities
428,539
(83,262)
Creditors: amounts falling due after more than one year
(227,629)
-
Net assets/(liabilities)
200,910
(83,262)
Called up share capital
103
100
Profit and loss account
(199,190)
(83,362)
Shareholders' funds
200,910
(83,262)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2025 and were signed on its behalf by
Michele Tegon
Director
Company Registration No. 09559555
Morel Intl Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
Morel Intl Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09559555. The registered office is 20 Fitzroy Square, London, W1T 6EJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is capitalized in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Morel Intl Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
519,436
At 31 December 2023
519,436
At 31 December 2022
166,897
5
Tangible fixed assets
Computer equipment
Surplus on revaluation
(1)
Amounts falling due within one year
Accrued income and prepayments
843
126
Other debtors
43,660
12,205
Morel Intl Solutions Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
36,153
72,209
Taxes and social security
2,411
-
Loans from directors
175,960
188,339
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
227,629
-
Allotted, called up and fully paid:
1,025,000 Ordinary shares of £0.0001 each
102.50
100.00
Shares issued during the period:
25,000 Ordinary shares of £0.0001 each
2.50
The company's parent and ultimate parent undertaking is Ephelia Capital Gmbh, a company registered in Switzerland whose registered office address is Via Nassa 3A, 6900 Lugano, Switzerland.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).