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REGISTERED NUMBER: 05100550 (England and Wales)










J. J. MORRIS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J. J. MORRIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D A Thomas FNAEA
J C E Nicholas MRICS





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 05100550 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,432 36,343
Investments 6 30 30
45,462 36,373

CURRENT ASSETS
Work in progress 7 30,000 30,000
Debtors 8 2,531,978 1,996,386
Cash at bank and in hand 461,775 439,210
3,023,753 2,465,596
CREDITORS
Amounts falling due within one year 9 1,314,493 672,521
NET CURRENT ASSETS 1,709,260 1,793,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,722

1,829,448

CREDITORS
Amounts falling due after more than one
year

10

(25,932

)

(35,833

)

PROVISIONS FOR LIABILITIES (2,420 ) (707 )
NET ASSETS 1,726,370 1,792,908

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,726,070 1,792,608
SHAREHOLDERS' FUNDS 1,726,370 1,792,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




J C E Nicholas MRICS - Director



D A Thomas FNAEA - Director


J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

J. J. Morris 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 2008, has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

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.

J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 65 (2023 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 900,000
AMORTISATION
At 1 April 2023
and 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property Machinery fittings
£    £    £   
COST
At 1 April 2023 - 52,598 21,597
Additions 16,900 - -
At 31 March 2024 16,900 52,598 21,597
DEPRECIATION
At 1 April 2023 - 31,244 20,447
Charge for year 338 3,174 958
At 31 March 2024 338 34,418 21,405
NET BOOK VALUE
At 31 March 2024 16,562 18,180 192
At 31 March 2023 - 21,354 1,150

J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 30,130 111,760 216,085
Additions - 2,870 19,770
At 31 March 2024 30,130 114,630 235,855
DEPRECIATION
At 1 April 2023 29,222 98,829 179,742
Charge for year 227 5,984 10,681
At 31 March 2024 29,449 104,813 190,423
NET BOOK VALUE
At 31 March 2024 681 9,817 45,432
At 31 March 2023 908 12,931 36,343

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 30 30

7. WORK IN PROGRESS
2024 2023
£    £   
Work-in-progress 30,000 30,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,464,801 1,986,612
Other debtors 67,177 9,774
2,531,978 1,996,386

J. J. MORRIS LIMITED (REGISTERED NUMBER: 05100550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,091,572 395,580
Hire purchase contracts 1,944 7,778
Receipts in advance - 3,750
Trade creditors - 14,874
Taxation and social security 143,144 196,454
Other creditors 77,833 54,085
1,314,493 672,521

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 25,932 35,833

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D A Thomas FNAEA
Balance outstanding at start of year - -
Amounts advanced 54,662 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,662 -

12. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £19,062 (2023 £14,729).