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Company Registration No. 10907177 (England and Wales)
Morgans Trade Ltd Unaudited accounts for the year ended 31 August 2024
Morgans Trade Ltd Unaudited accounts Contents
Page
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Morgans Trade Ltd Company Information for the year ended 31 August 2024
Director
Javeed Mohammed
Company Number
10907177 (England and Wales)
Registered Office
298 WENSLEY ROAD BLACKBURN BB2 6SR UNITED KINGDOM
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Morgans Trade Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,996 
54,625 
Current assets
Inventories
21,330 
12,664 
Debtors
75,178 
72,946 
Cash at bank and in hand
62,087 
51,107 
158,595 
136,717 
Creditors: amounts falling due within one year
(287,440)
(226,876)
Net current liabilities
(128,845)
(90,159)
Total assets less current liabilities
(83,849)
(35,534)
Creditors: amounts falling due after more than one year
(20,106)
(29,966)
Net liabilities
(103,955)
(65,500)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(103,956)
(65,501)
Shareholders' funds
(103,955)
(65,500)
For the year ending 31 August 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 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 28 April 2025 and were signed on its behalf by
Javeed Mohammed Director Company Registration No. 10907177
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Morgans Trade Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Morgans Trade Ltd is a private company, limited by shares, registered in England and Wales, registration number 10907177. The registered office is 298 WENSLEY ROAD, BLACKBURN, BB2 6SR, 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.
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:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
22,859 
92,947 
115,806 
Additions
- 
999 
999 
At 31 August 2024
22,859 
93,946 
116,805 
Depreciation
At 1 September 2023
12,911 
48,270 
61,181 
Charge for the year
1,492 
9,136 
10,628 
At 31 August 2024
14,403 
57,406 
71,809 
Net book value
At 31 August 2024
8,456 
36,540 
44,996 
At 31 August 2023
9,948 
44,677 
54,625 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,678 
33,446 
Other debtors
39,500 
39,500 
75,178 
72,946 
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Morgans Trade Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
42,001 
34,967 
VAT
85,995 
37,986 
Trade creditors
95,440 
105,779 
Taxes and social security
16,860 
16,860 
Other creditors
3,970 
3,970 
Loans from directors
23,174 
27,314 
Accruals
20,000 
- 
287,440 
226,876 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,106 
29,966 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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