Company Registration No. 10458961 (England and Wales)
MORGAN'S MOTOR VEHICLES LTD
Unaudited accounts
for the year ended 31 March 2025
MORGAN'S MOTOR VEHICLES LTD
Unaudited accounts
Contents
MORGAN'S MOTOR VEHICLES LTD
Company Information
for the year ended 31 March 2025
Directors
Morgan Fletcher
Sophie Francesca Doyle
Company Number
10458961 (England and Wales)
Registered Office
Office 42 Imex Business Centre
Oxleasow Road
Redditch
B98 0RE
England
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
MORGAN'S MOTOR VEHICLES LTD
Statement of financial position
as at 31 March 2025
Tangible assets
8,393
10,056
Inventories
106,701
111,754
Cash at bank and in hand
47,380
12,734
Creditors: amounts falling due within one year
(42,038)
(81,203)
Net current assets
119,838
80,379
Total assets less current liabilities
128,231
90,435
Creditors: amounts falling due after more than one year
(102,197)
(77,740)
Called up share capital
100
100
Profit and loss account
25,934
12,595
Shareholders' funds
26,034
12,695
For the year ending 31 March 2025 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Morgan Fletcher
Director
Company Registration No. 10458961
MORGAN'S MOTOR VEHICLES LTD
Notes to the Accounts
for the year ended 31 March 2025
MORGAN'S MOTOR VEHICLES LTD is a private company, limited by shares, registered in England and Wales, registration number 10458961. The registered office is Office 42 Imex Business Centre, Oxleasow Road, Redditch, B98 0RE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
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:
Plant & machinery
20% Reducing Balance Method
Computer equipment
20% Straight Line Method
MORGAN'S MOTOR VEHICLES LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
10,408
5,038
1,898
17,344
At 31 March 2025
10,788
5,038
2,305
18,131
At 1 April 2024
4,870
1,008
1,410
7,288
Charge for the year
1,183
806
461
2,450
At 31 March 2025
6,053
1,814
1,871
9,738
At 31 March 2025
4,735
3,224
434
8,393
At 31 March 2024
5,538
4,030
488
10,056
Amounts falling due within one year
Accrued income and prepayments
6,000
11,500
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
29,467
Trade creditors
4,734
4,534
Taxes and social security
23,184
22,665
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
71,500
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
MORGAN'S MOTOR VEHICLES LTD
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
At the year end there was a balance of £71500 owed to director, Morgan Fletcher.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).