Company Registration No. 05295169 (England and Wales)
Morris Bros Kitchens Ltd
Unaudited accounts
for the year ended 30 November 2023
Morris Bros Kitchens Ltd
Unaudited accounts
Contents
Morris Bros Kitchens Ltd
Company Information
for the year ended 30 November 2023
Directors
Paul Morris
Shani Patrcia Morris
Company Number
05295169 (England and Wales)
Registered Office
Morris Bros
5 Portland Road
Aberystwyth
Dyfed
SY23 2NL
Wales
Morris Bros Kitchens Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
98,324
96,137
Cash at bank and in hand
53,410
40,121
Creditors: amounts falling due within one year
(87,480)
(100,477)
Net current assets
12,943
19,138
Total assets less current liabilities
111,267
115,275
Creditors: amounts falling due after more than one year
(11,378)
(18,651)
Provisions for liabilities
Deferred tax
(7,969)
(7,696)
Called up share capital
120
120
Profit and loss account
91,800
88,808
Shareholders' funds
91,920
88,928
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Paul Morris
Director
Company Registration No. 05295169
Morris Bros Kitchens Ltd
Notes to the Accounts
for the year ended 30 November 2023
Morris Bros Kitchens Ltd is a private company, limited by shares, registered in England and Wales, registration number 05295169. The registered office is Morris Bros, 5 Portland Road, Aberystwyth, Dyfed, SY23 2NL, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%WDV
Computer equipment
25% WDV
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Morris Bros Kitchens Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2022
48,515
6,888
87,890
1,736
9,665
154,694
Additions
-
-
20,290
-
-
20,290
Disposals
-
-
(1,500)
-
-
(1,500)
At 30 November 2023
48,515
6,888
106,680
1,736
9,665
173,484
At 1 December 2022
-
3,060
47,555
1,416
6,526
58,557
Charge for the year
-
957
14,781
80
785
16,603
At 30 November 2023
-
4,017
62,336
1,496
7,311
75,160
At 30 November 2023
48,515
2,871
44,344
240
2,354
98,324
At 30 November 2022
48,515
3,828
40,335
320
3,139
96,137
Amounts falling due within one year
Trade debtors
1,013
18,738
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,994
6,994
Trade creditors
30,035
57,805
Taxes and social security
14,529
8,444
Other creditors
3,927
1,884
Loans from directors
1,673
372
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).