MORGANS PLAYGROUP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
MORGANS PLAYGROUP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
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Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3
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MORGANS PLAYGROUP
COMPANY INFORMATION FOR THE YEAR ENDED 30 NOVEMBER 2023
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DIRECTORS: H K Moore
N C Morris
V Philpott
REGISTERED OFFICE: Morgans Road
Hertford
Hertfordshire
SG13 8DR
REGISTERED NUMBER: 07450142 (England and Wales)
ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD
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MORGANS PLAYGROUP (REGISTERED NUMBER: 07450142)
BALANCE SHEET 30 NOVEMBER 2023
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Stocks Debtors 5 Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account |
2023 £ 250 1,278 35,618 37,146 6,681 |
£ 256 30,465 30,721 30,721 30,721 |
2022 £ 250 2,511 31,280 34,041 7,709 |
£ 480 26,332 26,812 26,812 26,812 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 surplus or deficit 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 12 June 2024 and were signed on its behalf by:
N C Morris - Director
The notes form part of these financial statements
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MORGANS PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
1. STATUTORY INFORMATION
Morgans Playgroup is a private company, limited by guarantee, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year 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 balance sheet date.
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.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 7 (2022 - 7).
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MORGANS PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2023
4. TANGIBLE FIXED ASSETS
| COST At 1 December 2022 Additions At 30 November 2023 DEPRECIATION At 1 December 2022 Charge for year At 30 November 2023 NET BOOK VALUE At 30 November 2023 At 30 November 2022 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
Fixtures and fittings £ 8,069 199 8,268 7,589 423 8,012 256 480 2023 2022 £ £ - 243 1,278 2,268 1,278 2,511 2023 2022 £ £ 5,784 6,420 259 734 638 555 6,681 7,709 |
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