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REGISTERED NUMBER: 02638416 (England and Wales)








TONY MORRIS & SONS DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TONY MORRIS & SONS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







Directors: W I Morris
M C Morris



Registered office: Celtic Link Business Park
Scleddau
Fishguard
Pembrokeshire
SA65 9RE



Registered number: 02638416 (England and Wales)



Accountants: Carr, Jenkins & Hood
Oystermouth House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS



Bankers: Barclays Bank Plc
Pembrokeshire Group of Branches
PO Box 28
Haverfordwest
Pembrokeshire
SA61 2YA

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 156,771 126,039

Current assets
Stocks 309,910 310,461
Debtors 6 26,607 46,192
Cash at bank and in hand 91,409 106,465
427,926 463,118
Creditors
Amounts falling due within one year 7 179,105 167,985
Net current assets 248,821 295,133
Total assets less current liabilities 405,592 421,172

Creditors
Amounts falling due after more than one year 8 (44,615 ) (38,358 )

Provisions for liabilities (29,593 ) (23,672 )
Net assets 331,384 359,142

Capital and reserves
Called up share capital 100 100
Retained earnings 331,284 359,042
Shareholders' funds 331,384 359,142

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

BALANCE SHEET - continued
31 MAY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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 10 October 2023 and were signed on its behalf by:





W I Morris - Director


TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. Statutory information

Tony Morris & Sons Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, of building supplies and services issued during the year, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks and work in progress consists of building materials and labour consumed and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties at amortised cost.

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.


TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 6 (2022 - 7 ) .

5. Tangible fixed assets
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 June 2022 10,117 180,589 18,736 76,259 285,701
Additions - 71,187 467 - 71,654
Disposals - (20,450 ) - - (20,450 )
At 31 May 2023 10,117 231,326 19,203 76,259 336,905
Depreciation
At 1 June 2022 8,665 74,084 16,371 60,542 159,662
Charge for year 396 21,394 874 10,092 32,756
Eliminated on disposal - (12,284 ) - - (12,284 )
At 31 May 2023 9,061 83,194 17,245 70,634 180,134
Net book value
At 31 May 2023 1,056 148,132 1,958 5,625 156,771
At 31 May 2022 1,452 106,505 2,365 15,717 126,039

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 12,773 11,820
Other debtors 13,834 34,372
26,607 46,192

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 17,942 17,891
Trade creditors 12,544 30,942
Taxation and social security 22,616 3,424
Other creditors 126,003 115,728
179,105 167,985

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 44,615 38,358

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 62,557 56,249

Hire purchase is secured on the assets held under agreement.

Bank loans and overdrafts are secured by a floating charge over the assets of the company.