## **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** **==> picture [483 x 698] intentionally omitted <==** **----- Start of picture text -----**
Page
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** **==> picture [483 x 698] intentionally omitted <==** **----- Start of picture text -----**
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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Page 1 **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: - (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 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 Page 2 **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). continued... Page 3 **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| |---|---| Page 4