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REGISTERED NUMBER: 02279382 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

C.J.MORTON & COMPANY LIMITED

C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C.J.MORTON & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D S Morton
C W Morton
C J Morton





REGISTERED OFFICE: Brookfoot Mills
Elland Road,
Brighouse
West Yorkshire
HD6 2RW





REGISTERED NUMBER: 02279382 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,790 55,469
Investments 5 285,525 285,525
332,315 340,994

CURRENT ASSETS
Stocks 2,192 3,279
Debtors 6 150,377 157,671
Cash at bank and in hand 14,140 10,242
166,709 171,192
CREDITORS
Amounts falling due within one year 7 51,843 60,505
NET CURRENT ASSETS 114,866 110,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,181

451,681

PROVISIONS FOR LIABILITIES - 1,059
NET ASSETS 447,181 450,622

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and loss account 437,181 440,622
447,181 450,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

BALANCE SHEET - continued
31 MARCH 2024


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 25 July 2024 and were signed on its behalf by:





C J Morton - Director


C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

C.J.Morton & Company 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. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Long Plant and
property leasehold leasehold machinery
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,000 15,000 73,074 212,911
DEPRECIATION
At 1 April 2023 407 15,000 47,398 198,452
Charge for year 20 - 2,923 2,168
At 31 March 2024 427 15,000 50,321 200,620
NET BOOK VALUE
At 31 March 2024 573 - 22,753 12,291
At 31 March 2023 593 - 25,676 14,459

C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 20,144 26,470 58,407 407,006
DEPRECIATION
At 1 April 2023 18,972 12,901 58,407 351,537
Charge for year 176 3,392 - 8,679
At 31 March 2024 19,148 16,293 58,407 360,216
NET BOOK VALUE
At 31 March 2024 996 10,177 - 46,790
At 31 March 2023 1,172 13,569 - 55,469

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 285,176 349 285,525
NET BOOK VALUE
At 31 March 2024 285,176 349 285,525
At 31 March 2023 285,176 349 285,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,819 41,575
Amounts owed by group undertakings 110,962 115,446
Other debtors 2,596 650
150,377 157,671

C.J.MORTON & COMPANY LIMITED (REGISTERED NUMBER: 02279382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,611 2,649
Taxation and social security 14,832 14,493
Other creditors 32,400 43,363
51,843 60,505

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,857 14,293
Between one and five years - 10,695
1,857 24,988

9. OTHER FINANCIAL COMMITMENTS

The company has guaranteed bank borrowing of it subsidiary company via a debenture charge over the assets of the company.