REGISTERED NUMBER: SC501537 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Morgan Press Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Morgan

Mrs J Morgan

SECRETARY:

R Morgan

REGISTERED OFFICE:

Annandale School Road

Rhu

G84 8RS

REGISTERED NUMBER:

SC501537 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Intangible assets

4

15,250

16,775

Tangible assets

5

1,895

2,527

17,145

19,302

CURRENT ASSETS

Stocks

600

600

Debtors

6

3,426

3,149

Cash at bank

2,190

3,896

6,216

7,645

CREDITORS

Amounts falling due within one year

7

200,753

193,026

NET CURRENT LIABILITIES

(194,537

)

(185,381

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(177,392

)

(166,079

)

CREDITORS

Amounts falling due after more than one year

8

667

4,667

NET LIABILITIES

(178,059

)

(170,746

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(178,061

)

(170,748

)

SHAREHOLDERS' FUNDS

(178,059

)

(170,746

)

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

R Morgan - Director

1.	STATUTORY INFORMATION

Morgan Press Ltd is a private company, limited by shares , registered in Scotland. 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 2016, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern

The company's status as a going concern is dependent up the ongoing support of the company directors.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,500

AMORTISATION

At 1 April 2024

13,725

Charge for year

1,525

At 31 March 2025

15,250

NET BOOK VALUE

At 31 March 2025

15,250

At 31 March 2024

16,775

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

10,221

DEPRECIATION

At 1 April 2024

7,694

Charge for year

632

At 31 March 2025

8,326

NET BOOK VALUE

At 31 March 2025

1,895

At 31 March 2024

2,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,418

2,106

Other debtors

8

1,043

3,426

3,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,000

4,000

Other creditors

196,753

189,026

200,753

193,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

667

4,667

9.	CONTINGENT LIABILITIES

As at 31 March 2025 the company had no contingent liabilities. (2024 - £nil).

10.	CAPITAL COMMITMENTS

As at 31 March 2025 the company had no capital commitments. (2024 - £nil).

11.	RELATED PARTY DISCLOSURES