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Company Registration No. 03395989 (England and Wales)
MORLAIS LTD. Unaudited accounts for the year ended 31 May 2025
MORLAIS LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MORLAIS LTD. Company Information for the year ended 31 May 2025
Directors
Clive Anthony Maunder Jean Lesley Maunder
Secretary
Clive Maunder
Company Number
03395989 (England and Wales)
Registered Office
CJM HOUSE 1 DRAYTON CLOSE FENNY DRAYTON NUNEATON WARWICKSHIRE CV13 6BT
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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MORLAIS LTD. Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
128
172
Current assets
Debtors
5
-
2,984
Cash at bank and in hand
2,004
77
2,004
3,061
Creditors: amounts falling due within one year
6
(211,662)
(210,361)
Net current liabilities
(209,658)
(207,300)
Net liabilities
(209,530)
(207,128)
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
(209,532)
(207,130)
Shareholders' funds
(209,530)
(207,128)
For the year ending 31 May 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 28 July 2025 and were signed on its behalf by
Clive Anthony Maunder Director Company Registration No. 03395989
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MORLAIS LTD. Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
MORLAIS LTD. is a private company, limited by shares, registered in England and Wales, registration number 03395989. The registered office is CJM HOUSE 1 DRAYTON CLOSE, FENNY DRAYTON, NUNEATON, WARWICKSHIRE, CV13 6BT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 June 2024
49,441
At 31 May 2025
49,441
Depreciation
At 1 June 2024
49,269
Charge for the year
44
At 31 May 2025
49,313
Net book value
At 31 May 2025
128
At 31 May 2024
172
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
2,984
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MORLAIS LTD. Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,340
14,310
Loans from directors
197,322
196,051
211,662
210,361
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
During the year, the company received a loan of £1,272 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan balance of £197,322 was still outstanding and is presented within creditors: amounts falling due within one year.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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