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Morgans Airport Services Ltd
Registered Number:09963221
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Morgans Airport Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09963221
As at 31 December 2024
Morgans Airport Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
108,433
71,970
2
108,433
71,970
Current assets
Trade and other receivables
140,931
219,816
3
97,481
Cash and cash equivalents
45,759
265,575
238,412
Trade and other payables: amounts falling due within one year
(166,390)
(191,588)
4
72,022
73,987
Net current assets
Total assets less current liabilities
182,420
143,992
Trade and other payables: amounts falling due after more than
one year
(79,270)
(88,381)
5
94,039
Net assets
64,722
Capital and reserves
Called up share capital
100
100
Retained earnings
93,939
64,622
94,039
64,722
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Alexander David Allen Director
These financial statements were approved and authorised for issue by the Board on 04 August 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Morgans Airport Services Ltd
Notes to the Financial Statements
Statutory Information
Morgans Airport Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09963221.
Principal place of business:
Churchill Court
Manor Royal
Crawley
West Sussex
RH10 9LU
Registered address:
Churchill Court
Manor Royal
Crawley
West Sussex
RH10 9LU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2024
Morgans Airport Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or valuation
At 01 January 2024
174,806
3,475
3,160
62,740
105,431
72,626
2,735
3,284
66,607
-
Additions
At 31 December 2024
129,347
6,444
6,210
247,432
105,431
Provision for depreciation and impairment
At 01 January 2024
102,836
2,953
2,739
31,786
65,358
Charge for year
36,163
815
933
24,383
10,032
At 31 December 2024
138,999
3,768
3,672
56,169
75,390
At 31 December 2024
Net book value
30,041
73,178
2,772
2,442
108,433
At 31 December 2023
40,073
30,954
421
522
71,970
3. Trade and other receivables
2023
2024
£
£
Trade debtors
165,437
77,247
Other debtors
54,379
63,684
140,931
219,816
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
10,790
10,790
Trade creditors
41,998
79,576
Taxation and social security
6,415
-
Other creditors
132,385
76,024
191,588
166,390
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
47,153
57,943
Other creditors
41,228
21,327
88,381
79,270
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6
For the year ended 31 December 2024
Morgans Airport Services Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 5 (2023 : 2)
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