2023-01-01 03324352 2023-12-31 03324352 2023-01-01 2023-12-31 03324352 2022-12-31 03324352 2022-01-01 2022-12-31 03324352 uk-core:WithinOneYear 2022-12-31 03324352 uk-core:WithinOneYear 2023-12-31 03324352 uk-core:ShareCapital 2023-12-31 03324352 uk-core:ShareCapital 2022-12-31 03324352 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03324352 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03324352 uk-bus:Director1 2023-01-01 2023-12-31 03324352 uk-core:ToolsEquipment 2023-01-01 2023-12-31 03324352 uk-core:MotorCars 2023-01-01 2023-12-31 03324352 uk-core:ToolsEquipment 2022-12-31 03324352 uk-core:MotorCars 2022-12-31 03324352 uk-core:MotorCars 2023-12-31 03324352 uk-core:ToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure 03324352 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03324352 uk-bus:FRS102 2023-01-01 2023-12-31 03324352 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03324352 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Morris Inglis & Associates Limited
Registered Number:03324352
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
03324352
As at 31 December 2023
Morris Inglis & Associates Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
28,803
40,080
2
28,803
40,080
Current assets
Trade and other receivables
483,362
647,343
3
1,121,596
Cash and cash equivalents
1,090,129
1,737,472
1,604,958
Trade and other payables: amounts falling due within one
year
(671,714)
(658,426)
4
933,244
1,079,046
Net current assets
Total assets less current liabilities
1,107,849
973,324
1,107,849
Net assets
973,324
Capital and reserves
Called up share capital
100
100
Retained earnings
1,107,749
973,224
1,107,849
973,324
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
C S Inglis Director
These financial statements were approved and authorised for issue by the Board on 09 September 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2023
Morris Inglis & Associates Limited
Notes to the Financial Statements
Statutory Information
Morris Inglis & Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03324352.
Registered address:
10 Foxton Close
Alrewas
Burton On Trent
DE13 7FE
The presentation currency is £ sterling.
1. Accounting policies
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.
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:
25% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
£
£
£
Cost or
valuation
At 01 January 2023
76,370
24,242
52,128
3,628
3,628
-
Additions
At 31 December 2023
52,128
27,870
79,998
Provision for depreciation and impairment
At 01 January 2023
36,290
22,172
14,118
Charge for year
14,905
1,873
13,032
At 31 December 2023
51,195
24,045
27,150
At 31 December 2023
Net book value
24,978
3,825
28,803
At 31 December 2022
38,010
2,070
40,080
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For the year ended 31 December 2023
Morris Inglis & Associates Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
327,300
292,793
Other debtors
320,043
190,569
483,362
647,343
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
446,361
453,132
Taxation and social security
142,633
135,019
Other creditors
69,432
83,563
658,426
671,714
5. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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