REGISTERED NUMBER: 07030515 (England and Wales)

Morgans Group Limited

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Williams

REGISTERED OFFICE:

Morgans Wellbeing Centre

Greenbottom

Cornwall

TR4 8QL

REGISTERED NUMBER:

07030515 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

276,750

255,092

Investments

6

6

6

276,756

255,098

CURRENT ASSETS

Debtors

7

39,258

25,742

Cash at bank

72,067

249,021

111,325

274,763

CREDITORS

Amounts falling due within one year

8

63,251

129,816

NET CURRENT ASSETS

48,074

144,947

TOTAL ASSETS LESS CURRENT LIABILITIES

324,830

400,045

CREDITORS

Amounts falling due after more than one year

9

(200,123

)

(243,615

)

PROVISIONS FOR LIABILITIES

(18,296

)

(22,985

)

NET ASSETS

106,411

133,445

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

106,311

133,345

SHAREHOLDERS' FUNDS

106,411

133,445

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2025 and were signed by:

Mr J Williams - Director

1.	STATUTORY INFORMATION

Morgans Group 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.

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 2017, is being amortised evenly over its estimated useful life of five 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.

Leasehold Property Improvement s

-

5% 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

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

3,360

AMORTISATION

At 1 April 2024

and 31 March 2025

3,360

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Property

Fixtures

Improvement

Plant and

and

s

machinery

fittings

£

£

£

COST

At 1 April 2024

60,667

466,595

85,780

Additions

13,117

85,549

-

At 31 March 2025

73,784

552,144

85,780

DEPRECIATION

At 1 April 2024

20,419

260,521

77,192

Charge for year

2,668

72,906

2,147

At 31 March 2025

23,087

333,427

79,339

NET BOOK VALUE

At 31 March 2025

50,697

218,717

6,441

At 31 March 2024

40,248

206,074

8,588

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

1,818

-

614,860

Additions

-

1,137

99,803

At 31 March 2025

1,818

1,137

714,663

DEPRECIATION

At 1 April 2024

1,636

-

359,768

Charge for year

45

379

78,145

At 31 March 2025

1,681

379

437,913

NET BOOK VALUE

At 31 March 2025

137

758

276,750

At 31 March 2024

182

-

255,092

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

6

NET BOOK VALUE

At 31 March 2025

6

At 31 March 2024

6

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,562

18,614

Other debtors

17,940

4,290

VAT

-

1,985

Prepayments

756

853

39,258

25,742

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

43,269

37,967

Trade creditors

-

77,714

Social security and other taxes

140

-

VAT

6,761

-

Accruals

13,081

14,135

63,251

129,816

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

199,659

184,693

Bank loans more 5 yr by instal

-

58,232

Directors loan account

464

690

200,123

243,615

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

58,232