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Company Registration No. 09665499 (England and Wales)
The Morfe Limited Unaudited accounts for the year ended 31 July 2024
The Morfe Limited Unaudited accounts Contents
Page
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The Morfe Limited Company Information for the year ended 31 July 2024
Directors
S Jervis P Williams
Company Number
09665499 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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The Morfe Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
526,987 
522,507 
Current assets
Inventories
3,238 
8,192 
Cash at bank and in hand
18,846 
12,078 
22,084 
20,270 
Creditors: amounts falling due within one year
(224,326)
(138,163)
Net current liabilities
(202,242)
(117,893)
Total assets less current liabilities
324,745 
404,614 
Creditors: amounts falling due after more than one year
(282,085)
(363,249)
Provisions for liabilities
Deferred tax
(8,311)
(7,460)
Net assets
34,349 
33,905 
Capital and reserves
Called up share capital
102 
2 
Profit and loss account
34,247 
33,903 
Shareholders' funds
34,349 
33,905 
For the year ending 31 July 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
S Jervis Director Company Registration No. 09665499
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The Morfe Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
The Morfe Limited is a private company, limited by shares, registered in England and Wales, registration number 09665499. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land & Buildings are not depriated as the directors feel the assets will at least hold their value.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
483,249 
2,991 
2,824 
62,591 
550 
552,205 
Additions
- 
- 
7,390 
- 
1,950 
9,340 
At 31 July 2024
483,249 
2,991 
10,214 
62,591 
2,500 
561,545 
Depreciation
At 1 August 2023
- 
523 
282 
28,838 
55 
29,698 
Charge for the year
- 
247 
993 
3,375 
245 
4,860 
At 31 July 2024
- 
770 
1,275 
32,213 
300 
34,558 
Net book value
At 31 July 2024
483,249 
2,221 
8,939 
30,378 
2,200 
526,987 
At 31 July 2023
483,249 
2,468 
2,542 
33,753 
495 
522,507 
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The Morfe Limited Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,081 
15,643 
Trade creditors
131,241 
36,679 
Taxes and social security
4,702 
3,429 
Other creditors
64,648 
81,162 
Accruals
654 
1,250 
224,326 
138,163 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,334 
18,333 
Other creditors
273,751 
344,916 
282,085 
363,249 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
100 Ordinary B Shares of £1 each
100 
- 
102 
2 
Shares issued during the period:
100 Ordinary B Shares of £1 each
100 
8
Transactions with related parties
At the year end loans were owed to associated companies as follows: The Cider House (Salop) Limited £56654 (2023: £62662) Jervis Mobile Bars Ltd £7994 (2023: £18500)
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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