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REGISTERED NUMBER: 06189561 (England and Wales)














Unaudited Financial Statements

for the Period 1 October 2023 to 29 September 2024

for

Morelag Insulation Ltd
Morelag Insulation Ltd (Registered number: 06189561)






Contents of the Financial Statements
for the Period 1 October 2023 to 29 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Morelag Insulation Ltd

Company Information
for the Period 1 October 2023 to 29 September 2024







DIRECTOR: Mr S Reed





REGISTERED OFFICE: Unit D9
The Seedbed Center
Langston Road
Loughton
Essex
IG10 3TQ





REGISTERED NUMBER: 06189561 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Page 1
Morelag Insulation Ltd (Registered number: 06189561)

Statement of Financial Position
29 September 2024

29.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 11,903 12,113

CURRENT ASSETS
Debtors 5 647,399 513,011
Cash at bank and in hand 193,560 171,061
840,959 684,072
CREDITORS
Amounts falling due within one year 6 356,995 372,356
NET CURRENT ASSETS 483,964 311,716
TOTAL ASSETS LESS CURRENT LIABILITIES 495,867 323,829

CREDITORS
Amounts falling due after more than one
year
7
58,176
97,124
NET ASSETS 437,691 226,705

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 437,690 226,704
SHAREHOLDERS' FUNDS 437,691 226,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2024 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 notes form part of these financial statements

Page 2
Morelag Insulation Ltd (Registered number: 06189561)

Statement of Financial Position - continued
29 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:





Mr S Reed - Director


The notes form part of these financial statements

Page 3
Morelag Insulation Ltd (Registered number: 06189561)

Notes to the Financial Statements
for the Period 1 October 2023 to 29 September 2024

1. STATUTORY INFORMATION

Morelag Insulation Ltd 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 represents net invoiced sales of goods and services, excluding value added tax. Income is recognised when the company has obtained the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 3 ) .

Page 4
Morelag Insulation Ltd (Registered number: 06189561)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 29 September 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 3,012 - 13,000 11,759 27,771
Additions 1,520 560 - 1,298 3,378
At 29 September 2024 4,532 560 13,000 13,057 31,149
DEPRECIATION
At 1 October 2023 2,240 - 3,250 10,168 15,658
Charge for period 344 84 2,438 722 3,588
At 29 September 2024 2,584 84 5,688 10,890 19,246
NET BOOK VALUE
At 29 September 2024 1,948 476 7,312 2,167 11,903
At 30 September 2023 772 - 9,750 1,591 12,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 30.9.23
£    £   
Trade debtors 619,152 485,535
Other debtors 28,247 27,476
647,399 513,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 30.9.23
£    £   
Bank loans and overdrafts 38,951 38,501
Trade creditors 184,479 181,561
Taxation and social security 80,384 58,997
Other creditors 53,181 93,297
356,995 372,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.9.24 30.9.23
£    £   
Bank loans 58,176 97,124

8. RELATED PARTY DISCLOSURES

The Director Mr S. Reed is considered to be key management personnel.

Page 5