Registration number: 03747953

Morvan Trading Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Morvan Trading Limited

(Registration number: 03747953)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	7,261	8,572
Current assets
Stocks		528,044	546,126
Debtors	6	114,052	127,092
Cash at bank and in hand		204,220	233,782
		846,316	907,000
Creditors: Amounts falling due within one year	7	(181,178)	(248,985)
Net current assets		665,138	658,015
Total assets less current liabilities		672,399	666,587
Provisions for liabilities		(1,815)	(2,143)
Net assets		670,584	664,444
Capital and reserves
Called up share capital		100	100
Retained earnings		670,484	664,344
Shareholders' funds		670,584	664,444

Morvan Trading Limited

(Registration number: 03747953)
Balance Sheet as at 31 May 2026

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2026 and signed on its behalf by:
 

......................................... Mr Richard John Eves Company secretary and director

Morvan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

The principal place of business is:
Old Cottage
Goodworth Clatford
Andover
Hampshire
SP11 7QY
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of the sale of cables and connectors. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Morvan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% of net book value
Equipment	20% of net book value
Property Improvements	33.3% of net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Morvan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

	2026		2025
	£		£
Corporation tax	58,454		59,335
Deferred tax	(328)		377
	58,126		59,712

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 7).

Morvan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 June 2025	10,600	7,277	13,910	12,620
Additions	-	-	-	584
Disposals	-	-	-	(295)
At 31 May 2026	10,600	7,277	13,910	12,909
Depreciation
At 1 June 2025	10,600	7,119	10,208	7,908
Charge for the year	-	52	740	1,007
Eliminated on disposal	-	-	-	(199)
At 31 May 2026	10,600	7,171	10,948	8,716
Carrying amount
At 31 May 2026	-	106	2,962	4,193
At 31 May 2025	-	158	3,702	4,712

	Total £
Cost or valuation
At 1 June 2025	44,407
Additions	584
Disposals	(295)
At 31 May 2026	44,696
Depreciation
At 1 June 2025	35,835
Charge for the year	1,799
Eliminated on disposal	(199)
At 31 May 2026	37,435
Carrying amount
At 31 May 2026	7,261
At 31 May 2025	8,572

Morvan Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	112,667	125,787
Other debtors	1,385	1,305
	114,052	127,092

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		17,125	79,291
Amounts owed to related parties	8	69,994	80,000
Taxation and social security		67,170	72,322
Other creditors		26,889	17,372
		181,178	248,985