Morganclark Building Services Ltd


Directors	Mr S Clark
	Mrs L J Clark


Registered Address	Unit 3, Phillows Barns Hammonds Road
	Little Baddow
	Chelmsford
	CM3 4BG


Registered Number	07786900 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		20,760		28,414
			20,760		28,414
Current assets
Stocks	4	14,285		84,641
Debtors	5	83,575		296,343
Cash at bank and on hand		330,947		196,192
		428,807		577,176
Creditors amounts falling due within one year	6	(407,839)		(534,370)
Net current assets (liabilities)			20,968		42,806
Total assets less current liabilities			41,728		71,220
Creditors amounts falling due after one year	7		(7,500)		(37,246)
Provisions for liabilities	9		-		(2,821)
Net assets			34,228		31,153
Capital and reserves
Called up share capital			100		100
Profit and loss account			34,128		31,053
Shareholders' funds			34,228		31,153

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 May 2025, and are signed on its behalf by:

Mr S Clark
Director
Registered Company No. 07786900

Morganclark Building Services Ltd

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		4

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 October 23	262	42,950	24,501	67,713
Disposals	(262)	-	(6,062)	(6,324)
At 30 September 24	-	42,950	18,439	61,389
Depreciation and impairment
At 01 October 23	254	19,060	19,985	39,299
Charge for year	2	5,972	1,129	7,103
On disposals	(256)	-	(5,517)	(5,773)
At 30 September 24	-	25,032	15,597	40,629
Net book value
At 30 September 24	-	17,918	2,842	20,760
At 30 September 23	8	23,890	4,516	28,414

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	14,285	12,759
Work in progress	-	71,882
Total	14,285	84,641

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	48,132
Other debtors	83,575	245,169
Prepayments and accrued income	-	3,042
Total	83,575	296,343

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	203,956	408,176
Bank borrowings and overdrafts	25,003	24,323
Taxation and social security	101,946	43,629
Finance lease and HP contracts	19,746	5,031
Other creditors	47,464	43,232
Accrued liabilities and deferred income	9,724	9,979
Total	407,839	534,370

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	7,500	17,500
Other creditors	-	19,746
Total	7,500	37,246

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	-		19,746

9.	Provisions for liabilities

	2024	2023
	£	£
Other provisions	-	2,821
Total	-	2,821

10.	Directors advances, credits and guarantees
	During the year the following advances and credits were made to the directors. Advances £126,487 (2023: £298,088), Credits £292,645 (2023: £160,021). Year end balance £2,615 (2023: £168,773). Interest is charged on the overdue loan at 2.25%.