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REGISTERED NUMBER: 09155816 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MORGAN CHIMNEY SWEEPS LTD

MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGAN CHIMNEY SWEEPS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: P Morgan
Mrs R Morgan





REGISTERED OFFICE: 24 Furlong Way
Great Amwell
Hertfordshire
SG12 9TF





REGISTERED NUMBER: 09155816 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 40,311 10,197
40,312 10,198

CURRENT ASSETS
Debtors 6 3,412 2,161
Cash at bank 33,221 42,087
36,633 44,248
CREDITORS
Amounts falling due within one year 7 36,541 19,340
NET CURRENT ASSETS 92 24,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,404

35,106

CREDITORS
Amounts falling due after more than one
year

8

(8,678

)

-

PROVISIONS FOR LIABILITIES (7,659 ) (1,937 )
NET ASSETS 24,067 33,169

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,967 33,069
SHAREHOLDERS' FUNDS 24,067 33,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





P Morgan - Director


MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Morgan Chimney Sweeps Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 40,000
AMORTISATION
At 1 April 2024
and 31 March 2025 39,999
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 5,959 17,564 23,523
Additions 2,737 40,960 43,697
Disposals (590 ) - (590 )
At 31 March 2025 8,106 58,524 66,630
DEPRECIATION
At 1 April 2024 3,172 10,154 13,326
Charge for year 1,351 12,093 13,444
Eliminated on disposal (451 ) - (451 )
At 31 March 2025 4,072 22,247 26,319
NET BOOK VALUE
At 31 March 2025 4,034 36,277 40,311
At 31 March 2024 2,787 7,410 10,197

MORGAN CHIMNEY SWEEPS LTD (REGISTERED NUMBER: 09155816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 17,564
Additions 40,960
Transfer to ownership (17,564 )
At 31 March 2025 40,960
DEPRECIATION
At 1 April 2024 10,154
Charge for year 12,093
Transfer to ownership (12,093 )
At 31 March 2025 10,154
NET BOOK VALUE
At 31 March 2025 30,806
At 31 March 2024 7,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,409 348
Other debtors 2,003 1,813
3,412 2,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 5,207 1,647
Taxation and social security 4,282 12,693
Other creditors 27,052 5,000
36,541 19,340

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 8,678 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a balance of £25,354 owed to the director, Mr. P. Morgan. This interest free loan was under no formal terms.