Company Registration No. 10071857 (England and Wales)
Morton Training Limited
Unaudited accounts
for the year ended 31 March 2023
Morton Training Limited
Unaudited accounts
Contents
Morton Training Limited
Company Information
for the year ended 31 March 2023
Directors
Andrew Morton
Linda Morton
Helen Morton
Company Number
10071857 (England and Wales)
Registered Office
MORTON PARK DRAIN LANE,
HOLME-ON-SPALDING-MOOR
YORK
EAST YORKSHIRE
YO43 4DG
ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Morton Training Limited
Statement of financial position
as at 31 March 2023
Tangible assets
103,197
101,312
Cash at bank and in hand
70,130
88,788
Creditors: amounts falling due within one year
(82,467)
(86,568)
Net current assets
64,960
37,202
Total assets less current liabilities
168,157
138,514
Provisions for liabilities
Net assets
151,316
138,514
Called up share capital
300
300
Profit and loss account
151,016
138,214
Shareholders' funds
151,316
138,514
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by
Andrew Morton
Director
Company Registration No. 10071857
Morton Training Limited
Notes to the Accounts
for the year ended 31 March 2023
Morton Training Limited is a private company, limited by shares, registered in England and Wales, registration number 10071857. The registered office is MORTON PARK DRAIN LANE,, HOLME-ON-SPALDING-MOOR, YORK, EAST YORKSHIRE, YO43 4DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on a reducing balance
Motor vehicles
20% on a reducing balance
Fixtures & fittings
20% on a reducing balance
Computer equipment
30% on a reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
14,560
115,754
3,438
21,622
7,681
163,055
Additions
-
17,395
-
-
1,743
19,138
At 31 March 2023
14,560
133,149
3,438
21,622
9,424
182,193
At 1 April 2022
-
44,810
2,537
9,897
4,499
61,743
Charge for the year
-
13,251
180
2,345
1,477
17,253
At 31 March 2023
-
58,061
2,717
12,242
5,976
78,996
At 31 March 2023
14,560
75,088
721
9,380
3,448
103,197
At 31 March 2022
14,560
70,944
901
11,725
3,182
101,312
Morton Training Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
75,210
34,782
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,611
19,732
Taxes and social security
12,967
20,283
Loans from directors
7,496
4,475
Deferred income
11,222
16,110
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
100 Ordinary B Shares of £1 each
100
100
8
Capital contribution reserve
During the year the company re-purchased 20 of its ordinary A shares for £8,435.
The base cost of those shares was £1 par and accordingly there is £8,415 Capital Contribution Reserve settled out of profit and loss account reserves brought forward.
A further 20 shares were issued in replacement of these shares.
9
Transactions with related parties
During the year rental payments were made to a company; Morton Properties Ltd a company registered in England and Wales (No. 11400339) totalling £39,600. (2022: £39,600).
The balance as at the year end was £12,000 (2022: £12,000).
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Average number of employees
During the year the average number of employees was 3 (2022: 3).