Company No: 00337419 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	Mrs D F Pearson
	Mr K W Pearson

Registered office	Tyler Way
	Swalecliffe
	Whitstable
	Kent
	CT5 2RT
	United Kingdom

Company number

00337419 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	233,851		288,721
Investment property	4	300,366		300,366
		534,217		589,087
Current assets
Stocks		975,000		869,411
Debtors	5	520,040		545,356
Cash at bank and in hand		1,235,117		1,204,713
		2,730,157		2,619,480
Creditors: amounts falling due within one year	6	( 977,754)		( 1,008,754)
Net current assets		1,752,403		1,610,726
Total assets less current liabilities		2,286,620		2,199,813
Net assets		2,286,620		2,199,813
Capital and reserves
Called-up share capital		50,000		50,000
Profit and loss account		2,236,620		2,149,813
Total shareholders' funds		2,286,620		2,199,813

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Morgan's Pomade Company Limited (registered number: 00337419) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Mr K W Pearson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Morgan's Pomade Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tyler Way, Swalecliffe, Whitstable, Kent, CT5 2RT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	4 - 20 years straight line
Vehicles	5 - 0 years straight line
Fixtures and fittings	4 - 10 years straight line
Tools and equipment	4 - 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		19

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Tools and equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2024	67,974		592,969		231,134		56,703		11,193		959,973
Additions	0		4,755		0		0		2,072		6,827
At 31 December 2024	67,974		597,724		231,134		56,703		13,265		966,800
Accumulated depreciation
At 01 January 2024	0		502,390		111,581		47,388		9,893		671,252
Charge for the financial year	0		13,961		43,227		3,999		510		61,697
At 31 December 2024	0		516,351		154,808		51,387		10,403		732,949
Net book value
At 31 December 2024	67,974		81,373		76,326		5,316		2,862		233,851
At 31 December 2023	67,974		90,579		119,553		9,315		1,300		288,721

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	300,366
As at 31 December 2024	300,366

The 2024 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

	2024		2023
	£		£
Trade debtors	379,946		490,884
S455	14,200		6,289
Other debtors	125,894		48,183
	520,040		545,356

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	47,799		26,519
Amounts owed to Group undertakings	754,584		737,902
Taxation and social security	74,209		155,322
Other creditors	101,162		89,011
	977,754		1,008,754

7. Ultimate controlling party

The ultimate controlling party of Morgan's Pomade Limited is The Marie Antionette Limited by virtue of it's 100% share holding of the company.