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Company Registration No. 13173131 (England and Wales)
George Morris Developments Ltd Unaudited accounts for the year ended 28 February 2023
George Morris Developments Ltd Unaudited accounts Contents
Page
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George Morris Developments Ltd Company Information for the year ended 28 February 2023
Director
George Morris
Company Number
13173131 (England and Wales)
Registered Office
Rose Corner Telegraph Road, Icklingham Bury St Edmunds Suffolk IP28 6PN
Accountants
Turner & Harvey-Rhys Ltd 4 Gaskin Way Attleborough Norfolk NR17 1SU
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George Morris Developments Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,699 
14,554 
Current assets
Inventories
8,540 
3,500 
Debtors
2,628 
6,082 
Cash at bank and in hand
8,969 
15,491 
20,137 
25,073 
Creditors: amounts falling due within one year
(25,935)
(20,328)
Net current (liabilities)/assets
(5,798)
4,745 
Total assets less current liabilities
6,901 
19,299 
Creditors: amounts falling due after more than one year
(13,374)
(17,374)
Net (liabilities)/assets
(6,473)
1,925 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,573)
1,825 
Shareholders' funds
(6,473)
1,925 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 22 November 2023 and were signed on its behalf by
George Morris Director Company Registration No. 13173131
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George Morris Developments Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
George Morris Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13173131. The registered office is Rose Corner, Telegraph Road, Icklingham, Bury St Edmunds, Suffolk, IP28 6PN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
2,551 
14,806 
684 
1,165 
19,206 
Additions
1,525 
- 
- 
657 
2,182 
At 28 February 2023
4,076 
14,806 
684 
1,822 
21,388 
Depreciation
At 1 March 2022
545 
3,932 
19 
156 
4,652 
Charge for the year
694 
2,718 
228 
397 
4,037 
At 28 February 2023
1,239 
6,650 
247 
553 
8,689 
Net book value
At 28 February 2023
2,837 
8,156 
437 
1,269 
12,699 
At 28 February 2022
2,006 
10,874 
665 
1,009 
14,554 
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George Morris Developments Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
809 
Trade debtors
(45)
5,273 
Accrued income and prepayments
2,673 
- 
2,628 
6,082 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,068 
- 
Trade creditors
6,303 
6,147 
Taxes and social security
(1,263)
3,536 
Loans from directors
18,681 
10,645 
Accruals
1,146 
- 
25,935 
20,328 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,374 
17,374 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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