Morf Designs Ltd - Filleted accounts

Registered number

06170858

Morf Designs Ltd

Filleted Accounts

31 March 2026

Morf Designs Ltd
Registered number:		06170858
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		264			330

Current assets
Stocks		700			1,000
Cash at bank and in hand		472			1,774
		1,172			2,774

Creditors: amounts falling due within one year	5	(712)			(556)

Net current assets			460			2,218

Net assets			724			2,548

Capital and reserves
Called up share capital			1			1
Profit and loss account			723			2,547

Shareholders' funds			724			2,548

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs L Orford Morgan
Director
Approved by the board on 27 April 2026

Morf Designs Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2025				25,326
	At 31 March 2026				25,326

	Amortisation
	At 1 April 2025				25,326
	At 31 March 2026				25,326

	Net book value
	At 31 March 2026				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				2,598
	At 31 March 2026				2,598

	Depreciation
	At 1 April 2025				2,268
	Charge for the year				66
	At 31 March 2026				2,334

	Net book value
	At 31 March 2026				264
	At 31 March 2025				330


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		-		66
	Other creditors		712		490
			712		556


6	Other information

	Morf Designs Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is:
	16 Haisbro Avenue
	Newport
	South Wales
	NP19 7HY