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J W MORRIS (AUTO SERVICES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W MORRIS (AUTO SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: J W Morris





SECRETARY: Mrs S M Morris





REGISTERED OFFICE: Old Halfway Garage
509 Leeds Road
Robin Hood
Wakefied
West Yorkshire
WF3 3AL





REGISTERED NUMBER: 05103822 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,925 19,150
Tangible assets 5 188,544 193,841
202,469 212,991

CURRENT ASSETS
Stocks 7,260 13,180
Debtors 6 120,024 127,171
Cash at bank and in hand 74,411 53,640
201,695 193,991
CREDITORS
Amounts falling due within one year 7 92,578 101,079
NET CURRENT ASSETS 109,117 92,912
TOTAL ASSETS LESS CURRENT LIABILITIES 311,586 305,903

CREDITORS
Amounts falling due after more than one
year

8

(21,130

)

(35,934

)

PROVISIONS FOR LIABILITIES 10 (3,482 ) (3,810 )
NET ASSETS 286,974 266,159

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 286,973 266,158
SHAREHOLDERS' FUNDS 286,974 266,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





J W Morris - Director


J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

J W Morris (Auto Services) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on cost
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

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.


J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 104,500
AMORTISATION
At 1 September 2022 85,350
Amortisation for year 5,225
At 31 August 2023 90,575
NET BOOK VALUE
At 31 August 2023 13,925
At 31 August 2022 19,150

J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2022
and 31 August 2023 160,000 51,948 108,800
DEPRECIATION
At 1 September 2022 - 51,946 90,895
Charge for year - - 2,686
At 31 August 2023 - 51,946 93,581
NET BOOK VALUE
At 31 August 2023 160,000 2 15,219
At 31 August 2022 160,000 2 17,905

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 18,163 22,286 1,799 362,996
DEPRECIATION
At 1 September 2022 11,508 13,008 1,798 169,155
Charge for year 998 1,613 - 5,297
At 31 August 2023 12,506 14,621 1,798 174,452
NET BOOK VALUE
At 31 August 2023 5,657 7,665 1 188,544
At 31 August 2022 6,655 9,278 1 193,841

Freehold land and buildings represents investment property. The value shown in the accounts is considered not to be materially different to the open market value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 6,125 9,462
Other debtors 113,899 113,899
Section 419 tax debtor - 3,810
120,024 127,171

J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 9,988 24,533
Trade creditors 34,777 39,203
Tax 29,103 21,524
Social security and other taxes 1,024 663
VAT 10,523 9,280
Other creditors 2,707 2,461
Directors' current accounts 751 100
Accrued expenses 3,705 3,315
92,578 101,079

The directors loan is interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 2-5 years 21,130 35,934

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdraft - 6,966
Bank loans 31,118 53,501
31,118 60,467

Bank borrowings are secured by a formal charge over the freehold property and other assets held by the company.

10. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 3,482 3,810

Deferred
tax
£   
Balance at 1 September 2022 3,810
Accelerated capital allowances (328 )
Balance at 31 August 2023 3,482

The entire provision for deferred taxation relates to accelerated capital allowances.

J W MORRIS (AUTO SERVICES) LIMITED (REGISTERED NUMBER: 05103822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary shares £1.00 1 1

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
J W Morris
Balance outstanding at start of year (99 ) 2,336
Amounts advanced 72,016 59,565
Amounts repaid (72,667 ) (62,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (750 ) (99 )

13. ULTIMATE CONTROLLING PARTY

Mr J W Morris has a beneficial interest in the entire issued share capital and therefore controls the company.