Company registration number 04143278 (England and Wales)
MORGAN HILL CONSULTANTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
MORGAN HILL CONSULTANTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
1,855
Current assets
97,819
147,521
Creditors: amounts falling due within one year
(78,171)
(128,863)
Net current assets
19,648
18,658
Total assets less current liabilities
21,503
18,658
Creditors: amounts falling due after more than one year
(33,646)
(35,200)
Accruals and deferred income
(3,890)
(2,403)
Net liabilities
(16,033)
(18,945)
Capital and reserves
(16,033)
(18,945)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the year the director maintained a loan account with the company.
In total advances of £70,261 (2022 - £6,711) were made to the directors during the year, against which funds of £99,399 (2022 - £32,588) were introduced and offset against the overdrawn balance. The balance owed by the director at the beginning of the year was £94,038 and at the end of the year was £66,509.
Interest is charged at 2.5 % and interest payable during the year amounted to £1,609 (2021 - £2,592). There are no set repayment terms.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
3
2
3
Going Concern
The directors have reviewed likely future developments and remain of the opinion that there is no reason to believe that the company will have to cease trading as a result of inadequate financial resources, or any other foreseeable event, within a period of at least 12 months from the date of signing the accounts.
Morgan Hill Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Leeward House, Fitzroy Road, Exeter Business Park, EXETER, Devon, EX1 3LJ.
MORGAN HILL CONSULTANTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 December 2023 and are signed on its behalf by:
..............................................
J M Duke
Director
Company registration number 04143278 (England and Wales)