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REGISTERED NUMBER: 04639950 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Richard Morris Associates Limited

Richard Morris Associates Limited (Registered number: 04639950)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Morris Associates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R Morris
Mrs H P Morris





SECRETARY: Mrs H P Morris





REGISTERED OFFICE: 42 Friar Gate
Derby
Derbyshire
DE1 1DA





REGISTERED NUMBER: 04639950 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Richard Morris Associates Limited (Registered number: 04639950)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 120,000
Tangible assets 5 12,502 12,246
117,502 132,246

CURRENT ASSETS
Debtors 6 455,026 236,936
Cash at bank and in hand 279,510 314,020
734,536 550,956
CREDITORS
Amounts falling due within one year 7 215,465 130,985
NET CURRENT ASSETS 519,071 419,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,573

552,217

PROVISIONS FOR LIABILITIES 3,126 1,423
NET ASSETS 633,447 550,794

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 632,347 549,694
633,447 550,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Richard Morris Associates Limited (Registered number: 04639950)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





R Morris - Director


Richard Morris Associates Limited (Registered number: 04639950)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Richard Morris Associates 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is the invoiced value of sales, excluding value added tax, and is recognised upon completion of the service provided.

Goodwill
Goodwill is included at cost less accumulated amortisation and is amortised evenly over its estimated remaining useful life of 10 years from 1 April 2020.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 300,000
AMORTISATION
At 1 April 2022 180,000
Amortisation for year 15,000
At 31 March 2023 195,000
NET BOOK VALUE
At 31 March 2023 105,000
At 31 March 2022 120,000

Richard Morris Associates Limited (Registered number: 04639950)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 45,854 37,524 83,378
Additions 2,173 - 2,173
At 31 March 2023 48,027 37,524 85,551
DEPRECIATION
At 1 April 2022 40,461 30,671 71,132
Charge for year 889 1,028 1,917
At 31 March 2023 41,350 31,699 73,049
NET BOOK VALUE
At 31 March 2023 6,677 5,825 12,502
At 31 March 2022 5,393 6,853 12,246

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 195,908 103,435
Other debtors 311 -
Taxation recoverable 31,196 31,196
Owed by related parties 7,500 -
Directors' current accounts 208,247 93,100
Prepayments 11,864 9,205
455,026 236,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,466 24,951
Taxation 42,894 27,335
Social security and other taxes 89,586 62,127
Other creditors 563 14,003
Accrued expenses 2,956 2,569
215,465 130,985

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances were made totalling £115,147 (2022: £198). This is interest free and repayable on demand.