MORGAN CAREY ARCHITECTS LIMITED


Directors	BABINGTON, Edward Mark
	HARRINGTON, Paul Roger


Registered Address	The Goods Shed
	Sandford Lane
	Wareham
	BH20 4DX


Registered Number	02270100 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		64,777		104,721
			64,777		104,721
Current assets
Stocks	5	23,441		63,126
Debtors		215,287		215,268
Cash at bank and on hand		361,650		456,683
		600,378		735,077
Creditors amounts falling due within one year	6	(189,203)		(186,084)
Net current assets (liabilities)			411,175		548,993
Total assets less current liabilities			475,952		653,714
Creditors amounts falling due after one year	7		(91,350)		-
Provisions for liabilities	8		(1,257)		(8,728)
Net assets			383,345		644,986
Capital and reserves
Called up share capital			15,400		45,000
Other reserves			74,600		45,000
Profit and loss account			293,345		554,986
Shareholders' funds			383,345		644,986

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 1 December 2025, and are signed on its behalf by:

BABINGTON, Edward Mark
Director

HARRINGTON, Paul Roger
Director

Registered Company No. 02270100

MORGAN CAREY ARCHITECTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	Operating leases
	Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

	Defined contribution pension plan
	The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

	Deferred tax
	Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

	Stocks and work in progress
	Work in progress is valued using a percentage of completion and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		12

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	90,000	90,000
At 31 March 25	90,000	90,000
Amortisation and impairment
At 01 April 24	90,000	90,000
At 31 March 25	90,000	90,000
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	184,903	80,875	275,252	541,030
Additions	-	-	3,432	3,432
Disposals	-	(74,381)	-	(74,381)
At 31 March 25	184,903	6,494	278,684	470,081
Depreciation and impairment
At 01 April 24	128,663	51,874	255,772	436,309
Charge for year	9,245	1,980	5,798	17,023
On disposals	-	(48,028)	-	(48,028)
At 31 March 25	137,908	5,826	261,570	405,304
Net book value
At 31 March 25	46,995	668	17,114	64,777
At 31 March 24	56,240	29,001	19,480	104,721

5.	Stocks

	2025	2024
	£	£
Work in progress	23,441	63,126
Total	23,441	63,126

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	107	3,680
Taxation and social security	139,108	142,988
Other creditors	46,915	30,634
Accrued liabilities and deferred income	3,073	8,782
Total	189,203	186,084

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	91,350	-
Total	91,350	-

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	1,257	8,728
Total	1,257	8,728

9.	Operating lease commitments
	At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £135,000 (2024 – £165,000).

10.	Share capital
	During the year the company purchased and cancelled 29,600 ordinary £1 shares for a total consideration of £318,000. The nominal value of shares cancelled was transferred to the Capital Redemption Reserve in accordance with Companies Act 2006. The excess of the consideration over the nominal value was charged to retained earnings.