Registered number
04522263
Morley Brothers (Huddersfield) Limited
Report and Accounts
30 June 2024
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Morley Brothers (Huddersfield) Limited
Registered number: 04522263
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,509 13,058
Current assets
Stocks 22,000 20,000
Debtors 4 188,054 167,548
Cash at bank and in hand 5,904 32,530
215,958 220,078
Creditors: amounts falling due within one year 5 (144,408) (95,089)
Net current assets 71,550 124,989
Total assets less current liabilities 82,059 138,047
Provisions for liabilities - (1,557)
Net assets 82,059 136,490
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,959 136,390
Shareholders' funds 82,059 136,490
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Hallam
Director
Approved by the board on 14 August 2024
Morley Brothers (Huddersfield) Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and computer equipment 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 31,315 22,595 53,910
At 30 June 2024 31,315 22,595 53,910
Depreciation
At 1 July 2023 24,151 16,701 40,852
Charge for the year 1,075 1,474 2,549
At 30 June 2024 25,226 18,175 43,401
Net book value
At 30 June 2024 6,089 4,420 10,509
At 30 June 2023 7,164 5,894 13,058
4 Debtors 2024 2023
£ £
Trade debtors 8,868 9,940
Amounts owed by group undertakings and undertakings in which the company has a participating interest 178,168 154,825
Other debtors 1,018 2,783
188,054 167,548
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,286 5,247
Corporation tax 31,838 31,704
Other taxes and social security costs 37,101 10,543
Other creditors 48,183 47,595
144,408 95,089
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
7 Controlling party
The company is controlled by Morbro Holdings Limited, which is ultimately owned by Morbro Investments Limited, a company incorporated in the UK and under the control of the director and his associates.
Morley Brothers (Huddersfield) Limited 04522263 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Anthony Hallam No description of principal activity 04522263 2023-01-01 2023-06-30 04522263 core:WithinOneYear 2023-06-30 04522263 core:ShareCapital 2023-06-30 04522263 core:RetainedEarningsAccumulatedLosses 2023-06-30 04522263 2023-07-01 2024-06-30 04522263 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04522263 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04522263 bus:Director40 2023-07-01 2024-06-30 04522263 core:PlantMachinery 2023-07-01 2024-06-30 04522263 core:Vehicles 2023-07-01 2024-06-30 04522263 bus:FRS102 2023-07-01 2024-06-30 04522263 bus:FilletedAccounts 2023-07-01 2024-06-30 04522263 2024-06-30 04522263 core:WithinOneYear 2024-06-30 04522263 core:ShareCapital 2024-06-30 04522263 core:RetainedEarningsAccumulatedLosses 2024-06-30 04522263 core:PlantMachinery 2024-06-30 04522263 core:Vehicles 2024-06-30 04522263 2023-06-30 04522263 core:PlantMachinery 2023-06-30 04522263 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure