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REGISTERED NUMBER: 14455430 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MORGAN ELLIOT PLANNING LIMITED

MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MORGAN ELLIOT PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 November 2024







DIRECTORS: Mr P J Fong
Mr G C Baylis
Miss C S C Jones
Mrs A E Fong





REGISTERED OFFICE: 35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 14455430 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)

BALANCE SHEET
30 November 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,834 88,185

CURRENT ASSETS
Debtors 5 161,327 101,418
Cash at bank and in hand 46,305 75,766
207,632 177,184
CREDITORS
Amounts falling due within one year 6 259,037 210,303
NET CURRENT LIABILITIES (51,405 ) (33,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,429

55,066

CREDITORS
Amounts falling due after more than one year 7 (9,935 ) -

PROVISIONS FOR LIABILITIES (8,184 ) (20,841 )
NET ASSETS 33,310 34,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,210 34,125
SHAREHOLDERS' FUNDS 33,310 34,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 28 July 2025 and were signed on its behalf by:





Mr P J Fong - Director


MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024

1. STATUTORY INFORMATION

Morgan Elliot Planning Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 98,456 5,520 6,973
Additions 32,089 925 10,152
Disposals (98,456 ) - (608 )
At 30 November 2024 32,089 6,445 16,517
DEPRECIATION
At 1 December 2023 21,848 699 1,380
Charge for year 16,988 1,244 2,077
Eliminated on disposal (36,212 ) - (176 )
At 30 November 2024 2,624 1,943 3,281
NET BOOK VALUE
At 30 November 2024 29,465 4,502 13,236
At 30 November 2023 76,608 4,821 5,593

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 - 1,590 112,539
Additions 62,099 2,401 107,666
Disposals - - (99,064 )
At 30 November 2024 62,099 3,991 121,141
DEPRECIATION
At 1 December 2023 - 427 24,354
Charge for year 9,056 976 30,341
Eliminated on disposal - - (36,388 )
At 30 November 2024 9,056 1,403 18,307
NET BOOK VALUE
At 30 November 2024 53,043 2,588 102,834
At 30 November 2023 - 1,163 88,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 115,402 78,666
Amounts owed by group undertakings 2,349 -
Other debtors 7,974 7,618
Directors' current accounts 23,628 8,384
Prepayments 11,974 6,750
161,327 101,418

MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 6,535 -
Trade creditors 20,486 7,061
Amounts owed to group undertakings 66,987 -
Amounts owed to associates - 66,987
Tax 91,682 60,699
Social security and other taxes 365 -
VAT 24,427 21,660
Other creditors - 9,552
Directors' current accounts 48,220 44,344
Accrued expenses 335 -
259,037 210,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 9,935 -

8. SECURED DEBTS

On 25 November 2024 Lloyds Bank plc registered a fixed and floating charge over the property or undertaking of the company.

On 26 November 2024 Lloyds Bank plc registered a fixed charge over the property or undertaking of the company.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments of £29,330 (2023: £15,827).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

2024 2023
as restated
£    £   
Mr P J Fong
Balance outstanding at start of year (44,344 ) -
Amounts advanced 54,395 29,718
Amounts repaid (58,271 ) (74,062 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,220 ) (44,344 )

Miss C S C Jones
Balance outstanding at start of year 8,369 -
Amounts advanced 8,524 8,369
Amounts repaid (1,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,443 8,369

MORGAN ELLIOT PLANNING LIMITED (REGISTERED NUMBER: 14455430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr G C Baylis
Balance outstanding at start of year 15 -
Amounts advanced 8,185 15
Amounts repaid (15 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,185 15

There are no set repayment terms to these loans.
Interest is not charged to the company on amounts owed.
Interest at HMRC's official rate has been charged on amounts owed to the company.