Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-3122021-11-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09637556 2021-11-01 2022-10-31 09637556 2020-11-01 2021-10-31 09637556 2022-10-31 09637556 2021-10-31 09637556 c:Director1 2021-11-01 2022-10-31 09637556 d:Buildings 2021-11-01 2022-10-31 09637556 d:Buildings 2022-10-31 09637556 d:Buildings 2021-10-31 09637556 d:Buildings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 09637556 d:Buildings d:LeasedAssetsHeldAsLessee 2021-11-01 2022-10-31 09637556 d:PlantMachinery 2021-11-01 2022-10-31 09637556 d:OtherPropertyPlantEquipment 2021-11-01 2022-10-31 09637556 d:OtherPropertyPlantEquipment 2022-10-31 09637556 d:OtherPropertyPlantEquipment 2021-10-31 09637556 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 09637556 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2021-11-01 2022-10-31 09637556 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 09637556 d:LeasedAssetsHeldAsLessee 2021-11-01 2022-10-31 09637556 d:CurrentFinancialInstruments 2022-10-31 09637556 d:CurrentFinancialInstruments 2021-10-31 09637556 d:Non-currentFinancialInstruments 2022-10-31 09637556 d:Non-currentFinancialInstruments 2021-10-31 09637556 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09637556 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09637556 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09637556 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 09637556 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09637556 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-31 09637556 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09637556 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 09637556 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 09637556 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 09637556 d:ShareCapital 2022-10-31 09637556 d:ShareCapital 2021-10-31 09637556 d:RetainedEarningsAccumulatedLosses 2022-10-31 09637556 d:RetainedEarningsAccumulatedLosses 2021-10-31 09637556 c:OrdinaryShareClass1 2021-11-01 2022-10-31 09637556 c:OrdinaryShareClass1 2022-10-31 09637556 c:FRS102 2021-11-01 2022-10-31 09637556 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 09637556 c:FullAccounts 2021-11-01 2022-10-31 09637556 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09637556 d:HirePurchaseContracts d:WithinOneYear 2022-10-31 09637556 d:HirePurchaseContracts d:WithinOneYear 2021-10-31 09637556 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-10-31 09637556 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-10-31 09637556 d:HirePurchaseContracts d:MoreThanFiveYears 2022-10-31 09637556 d:HirePurchaseContracts d:MoreThanFiveYears 2021-10-31 09637556 2 2021-11-01 2022-10-31 09637556 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-10-31 09637556 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09637556









D S MORRIS AND SON LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
D S MORRIS AND SON LIMITED
REGISTERED NUMBER: 09637556

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,448,737
3,404,703

Current assets
  

Debtors: amounts falling due within one year
 5 
91,395
90,493

Cash at bank
 6 
1,455
1,507

Current liabilities
  
92,850
92,000

Creditors: amounts falling due within one year
 7 
(431,691)
(405,530)

Net current liabilities
  
 
 
(338,841)
 
 
(313,530)

Total assets less current liabilities
  
3,109,896
3,091,173

Creditors: amounts falling due after more than one year
 8 
(126,289)
(86,575)

  

Net assets
  
2,983,607
3,004,598


Capital and reserves
  

Called up share capital 
 11 
3,143,100
3,143,100

Profit and loss account
  
(159,493)
(138,502)

  
2,983,607
3,004,598


Page 1

 
D S MORRIS AND SON LIMITED
REGISTERED NUMBER: 09637556

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr D S Morris
Director

Date: 31 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

D S Morris and Son Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Stonea Farm, Stonea, March, Cambridgeshire, PE15 0DU. The Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company is only able to trade with the continuing support of the directors. The directors have indicated that this support will not be withdrawn. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.

Page 3

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
15% reducing balance
Plant and machinery
-
15-25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 6

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 November 2021
3,348,948
149,000
3,497,948


Additions
-
69,900
69,900



At 31 October 2022

3,348,948
218,900
3,567,848



Depreciation


At 1 November 2021
9,338
83,907
93,245


Charge for the year on owned assets
7,117
10,011
17,128


Charge for the year on financed assets
-
8,738
8,738



At 31 October 2022

16,455
102,656
119,111



Net book value



At 31 October 2022
3,332,493
116,244
3,448,737



At 31 October 2021
3,339,610
65,093
3,404,703




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
3,332,493
3,339,610


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Plant and machinery
61,163
-

Page 7

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Debtors

2022
2021
£
£


Trade debtors
76,756
81,922

Other debtors
13,603
3,291

Prepayments
1,036
5,280

91,395
90,493



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank
1,455
1,507

Less: bank overdrafts
(98,253)
(113,079)

(96,798)
(111,572)



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
98,253
113,079

Bank loans
52,618
55,505

Trade creditors
8,829
443

Other taxation and social security
982
651

Obligations under finance lease and hire purchase contracts
7,986
-

Other creditors
258,023
232,852

Accruals
5,000
3,000

431,691
405,530


Page 8

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
78,355
86,575

Net obligations under finance leases and hire purchase contracts
47,934
-

126,289
86,575


Included within the creditors are secured debts amounting to £130,973 (2021 - £142,080) which are secured via a fixed and floating charge on the Company's assets. Included within the creditors are secured debts amounting to £55,920 (2021 - £Nil) which are secured on the fixed assets which they relate.


9.


Loans


2022
2021
£
£

Amounts falling due within one year

Bank loans
52,618
55,505

Amounts falling due 1-2 years

Bank loans
7,114
11,567

Amounts falling due 2-5 years

Bank loans
21,342
34,701

Amounts falling due after more than 5 years

Bank loans
49,899
40,307

130,973
142,080



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
7,986
-

Between 1-5 years
31,944
-

Over 5 years
15,990
-

55,920
-

Page 9

 
D S MORRIS AND SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

11.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



3,143,100 Ordinary (2021 - 3,143,100) shares of £1 each
3,143,100
3,143,100



12.


Related party transactions

During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £258,026 (2021- £232,852). These loans are interest free and repayable on demand.


Page 10