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REGISTERED NUMBER: 01666859 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Richard Morris (Construction) Limited

Richard Morris (Construction) Limited (Registered number: 01666859)






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


Richard Morris (Construction) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms J G Metcalfe
R W Oliver
J D Coutts





SECRETARY: Ms J G Metcalfe





REGISTERED OFFICE: Unit 6, Sarbir Industrial Park
Cambridge Road
Harlow
Essex
CM20 2EU





REGISTERED NUMBER: 01666859 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Richard Morris (Construction) Limited (Registered number: 01666859)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
107,907 Tangible assets 4 116,244

CURRENT ASSETS
10,000 Stocks 43,795
272,687 Debtors 5 367,517
164,623 Cash at bank and in hand 104,557
447,310 515,869
CREDITORS
351,302 Amounts falling due within one year 6 407,846
96,008 NET CURRENT ASSETS 108,023
203,915 TOTAL ASSETS LESS CURRENT
LIABILITIES

224,267

CREDITORS
(22,389 ) Amounts falling due after more than one
year

7

(12,439

)

(20,502 ) PROVISIONS FOR LIABILITIES (21,662 )
161,024 NET ASSETS 190,166

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
151,024 Retained earnings 180,166
161,024 SHAREHOLDERS' FUNDS 190,166

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.

Richard Morris (Construction) Limited (Registered number: 01666859)

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 Income Statement 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:




R W Oliver - Director



Ms J G Metcalfe - Director


Richard Morris (Construction) Limited (Registered number: 01666859)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Richard Morris (Construction) 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 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 etc - 25% on reducing balance and 15% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

Richard Morris (Construction) Limited (Registered number: 01666859)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
Totals machinery vehicles
£    £    £   
COST
At 1 April 2023 214,871 75,422 139,449
Additions 68,474 962 67,512
Disposals (41,325 ) (3,600 ) (37,725 )
At 31 March 2024 242,020 72,784 169,236
DEPRECIATION
At 1 April 2023 106,964 36,064 70,900
Charge for year 33,523 5,877 27,646
Eliminated on disposal (14,711 ) (2,461 ) (12,250 )
At 31 March 2024 125,776 39,480 86,296
NET BOOK VALUE
At 31 March 2024 116,244 33,304 82,940
At 31 March 2023 107,907 39,358 68,549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 324,115 225,371
Other debtors 43,402 47,316
367,517 272,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 320,243 223,629
Taxation and social security 18,582 54,336
Other creditors 59,021 63,337
407,846 351,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,439 22,389