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REGISTERED NUMBER: 01653520 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

STEVE MORRIS & CO LIMITED

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STEVE MORRIS & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr S E Morris





SECRETARY: Mrs T Morris





REGISTERED OFFICE: The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP





REGISTERED NUMBER: 01653520 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
859,810 Tangible assets 5 853,602
227 Investments 6 244
860,037 853,846

CURRENT ASSETS
1,622 Stocks 711
562,075 Debtors 432,207
350,748 Cash at bank and in hand 377,147
914,445 810,065
CREDITORS
696,574 Amounts falling due within one year 541,996
217,871 NET CURRENT ASSETS 268,069
1,077,908 TOTAL ASSETS LESS CURRENT LIABILITIES 1,121,915

17,298 PROVISIONS FOR LIABILITIES 7 17,125
1,060,610 NET ASSETS 1,104,790

CAPITAL AND RESERVES
100 Called up share capital 8 100
421,120 Revaluation reserve 9 421,120
639,390 Retained earnings 683,570
1,060,610 SHAREHOLDERS' FUNDS 1,104,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd July 2024 and were signed by:





Mr S E Morris - Director


STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Steve Morris & Co 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and commission and rents receivable, exclusive of value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance and 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

Operating leases
Operating lease rentals received are credited to the profit and loss account.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The property valuation as at the balance sheet was reconsidered by the director of the company in July 2024.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023
and 30th April 2024 20,097
AMORTISATION
At 1st May 2023
and 30th April 2024 20,097
NET BOOK VALUE

At 30th April 2024 -
At 30th April 2023 -

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st May 2023 881,042
Additions 19,335
Disposals (2,714 )
At 30th April 2024 897,663
DEPRECIATION
At 1st May 2023 21,232
Charge for year 25,267
Eliminated on disposal (2,438 )
At 30th April 2024 44,061
NET BOOK VALUE
At 30th April 2024 853,602
At 30th April 2023 859,810

Cost or valuation at 30th April 2024 is represented by:

Totals
£   
Valuation in 1993 26,174
Valuation in 2005 142,680
Valuation in 2021 250,993
Cost 477,816
897,663

If the property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 294,454 294,454

The property valuation as at the balance sheet was reconsidered by the director of the company in July 2024.

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st May 2023 2,525
Revaluations 17
At 30th April 2024 2,542
PROVISIONS
At 1st May 2023
and 30th April 2024 2,298
NET BOOK VALUE
At 30th April 2024 244
At 30th April 2023 227

Cost or valuation at 30th April 2024 is represented by:
Totals
£   
Valuation in 2021 2,542

The market value of listed investments at 30th April 2024 was £244 (2023 £227).

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 17,125 17,298

Deferred
tax
£   
Balance at 1st May 2023 17,298
Credit to Statement of Income and Retained Earnings during year (173 )
Balance at 30th April 2024 17,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
95 Ordinary A £1 95 95
5 Ordinary B £1 5 5
100 100

STEVE MORRIS & CO LIMITED (REGISTERED NUMBER: 01653520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

9. RESERVES
Revaluation
reserve
£   
At 1st May 2023
and 30th April 2024 421,120

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
Mr S E Morris
Balance outstanding at start of year (2,229 ) (18 )
Amounts advanced 9,561 4,740
Amounts repaid (6,080 ) (6,951 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,252 (2,229 )

No interest is charged.