J O Morris Groundworks Ltd |
Registered Number:05683405 |
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2024
J O Morris Groundworks Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
J O Morris Groundworks Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
398,639
511,865
3
398,639
511,865
-
6,229
4
Trade and other receivables |
339,835
362,143
5
461,481
Cash and cash equivalents |
481,483
849,855
801,316
Trade and other payables: amounts falling due within one |
year |
(5,161)
(25,485)
6
796,155
824,370
Net current assets
Total assets less current liabilities |
1,223,009
1,308,020
(92,996)
(97,254)
Provisions for liabilities |
1,130,013
Net assets
1,210,766
2
2
1,130,011
1,210,764
1,130,013
1,210,766
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 29 February 2024
J O Morris Groundworks Ltd
Notes to the Financial Statements
Statutory Information
J O Morris Groundworks Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05683405. |
Nyth-Y-Wennol
Nercws Road
Mold
Flintshire
CH7 4ED
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Equiment
Computer Equipment
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 29 February 2024
J O Morris Groundworks Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
30,000
30,000
30,000
30,000
-
-
3. Property, plant and equipment |
Motor Vehicles
810,385
2,656
88,394
719,335
978
-
-
978
-
-
(127,001)
(127,001)
593,312
88,394
2,656
684,362
Provision for depreciation and impairment |
298,520
2,113
53,217
243,190
Charge for year
66
66
-
-
(12,863)
-
-
(12,863)
285,723
2,179
53,217
230,327
362,985
35,177
477
398,639
476,145
35,177
543
511,865
2023
2024
6,229
-
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For the year ended 29 February 2024
J O Morris Groundworks Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
Amounts owed by group undertakings and participating interests |
199,758
199,758
Prepayments and accrued income |
20,601
1,958
Amounts owed by directors |
139,247
136,529
Taxation and social security |
2,537
1,590
339,835
362,143
The debtors above include the following amounts falling due after more than one year: |
Amounts owed by group undertakings and participating interests |
199,758
199,758
6. Trade and other payables: amounts falling due within one year |
2023
2024
9,195
-
Taxation and social security |
16,290
-
Accruals and deferred income |
-
3,251
-
1,910
25,485
5,161
7. Directors advances and guarantees |
Loaned
Repaid
Interest
Mr J Morris
Director's Loan
136,529
139,247
49,571
50,257
3,404
136,529
139,247
49,571
50,257
3,404
8. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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