Company Registration No. 12263111 (England and Wales)
MORGAN AUTOS LTD
Unaudited accounts
for the year ended 31 October 2024
MORGAN AUTOS LTD
Unaudited accounts
Contents
MORGAN AUTOS LTD
Company Information
for the year ended 31 October 2024
Directors
Mr William Bridge Morgan
Kristy Ruth Adams
Company Number
12263111 (England and Wales)
Registered Office
21 Grove Street
Gorseinon
Swansea
SA4 4FS
Wales
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
MORGAN AUTOS LTD
Accountants' report
Accountants' report to the board of directors of MORGAN AUTOS LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MORGAN AUTOS LTD for the year ended
31 October 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MORGAN AUTOS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MORGAN AUTOS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MORGAN AUTOS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MORGAN AUTOS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MORGAN AUTOS LTD. You consider that MORGAN AUTOS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MORGAN AUTOS 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 accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
22 March 2025
MORGAN AUTOS LTD
Statement of financial position
as at 31 October 2024
Tangible assets
3,164
3,931
Cash at bank and in hand
1,991
1,028
Creditors: amounts falling due within one year
(9,713)
(7,616)
Net current assets
12,588
10,793
Total assets less current liabilities
15,752
14,724
Creditors: amounts falling due after more than one year
(7,526)
(10,266)
Called up share capital
100
100
Profit and loss account
8,126
4,358
Shareholders' funds
8,226
4,458
For the year ending 31 October 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 22 March 2025 and were signed on its behalf by
Mr William Bridge Morgan
Director
Company Registration No. 12263111
MORGAN AUTOS LTD
Notes to the Accounts
for the year ended 31 October 2024
MORGAN AUTOS LTD is a private company, limited by shares, registered in England and Wales, registration number 12263111. The registered office is 21 Grove Street, Gorseinon, Swansea, SA4 4FS, Wales.
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.
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:
Plant & machinery
Over 10 years
Motor vehicles
Over 7 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2023
4,668
2,100
6,768
At 31 October 2024
4,668
2,100
6,768
At 1 November 2023
1,904
933
2,837
Charge for the year
467
300
767
At 31 October 2024
2,371
1,233
3,604
At 31 October 2024
2,297
867
3,164
At 31 October 2023
2,764
1,167
3,931
MORGAN AUTOS LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
10,396
10,396
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,312
5,372
Loans from directors
183
378
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(378)
(12,950)
(13,145)
(183)
(378)
(12,950)
(13,145)
(183)
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).