Company Registration No. 10071857 (England and Wales)
Morton Training Limited
Unaudited accounts
for the year ended 31 March 2024
Morton Training Limited
Unaudited accounts
Contents
Morton Training Limited
Company Information
for the year ended 31 March 2024
Directors
Andrew Morton
Linda Morton
Helen Morton
Company Number
10071857 (England and Wales)
Registered Office
MORTON PARK DRAIN LANE,
HOLME-ON-SPALDING-MOOR
YORK
EAST YORKSHIRE
YO43 4DG
ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
Morton Training Limited
Statement of financial position
as at 31 March 2024
Tangible assets
115,903
103,197
Cash at bank and in hand
76,739
50,130
Creditors: amounts falling due within one year
(157,122)
(74,626)
Net current assets
83,188
67,885
Total assets less current liabilities
199,091
171,082
Provisions for liabilities
Deferred tax
(19,255)
(16,841)
Net assets
179,836
154,241
Called up share capital
550
300
Capital redemption reserve
(20)
(20)
Profit and loss account
179,306
153,961
Shareholders' funds
179,836
154,241
For the year ending 31 March 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 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 7 October 2024 and were signed on its behalf by
Andrew Morton
Director
Company Registration No. 10071857
Morton Training Limited
Notes to the Accounts
for the year ended 31 March 2024
Morton Training Limited is a private company, limited by shares, registered in England and Wales, registration number 10071857. The registered office is MORTON PARK DRAIN LANE,, HOLME-ON-SPALDING-MOOR, YORK, EAST YORKSHIRE, YO43 4DG, ENGLAND.
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.
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:
Plant & machinery
15% on a reducing balance
Motor vehicles
20% on a reducing balance
Fixtures & fittings
20% on a reducing balance
Computer equipment
30% on a reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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 April 2023
14,560
133,149
3,438
21,622
9,424
182,193
Additions
-
22,647
-
3,118
1,549
27,314
At 31 March 2024
14,560
155,796
3,438
24,740
10,973
209,507
At 1 April 2023
-
58,061
2,717
12,242
5,976
78,996
Charge for the year
-
11,270
144
1,889
1,305
14,608
At 31 March 2024
-
69,331
2,861
14,131
7,281
93,604
At 31 March 2024
14,560
86,465
577
10,609
3,692
115,903
At 31 March 2023
14,560
75,088
721
9,380
3,448
103,197
Morton Training Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
93,696
75,210
Other debtors
49,875
16,521
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Investments held as current assets
2024
2023
Unlisted investments
20,000
-
The directors are holidng investments on behalf of the company upon trust. These investments are available to the company on demand.
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
43,154
13,611
Taxes and social security
10,926
13,047
Other creditors
33,428
3,362
Deferred income
48,166
11,222
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
100 Ordinary B shares of £1 each
100
100
250 Ordinary C shares of £1 each
250
-
Shares issued during the period:
250 Ordinary C shares of £1 each
250
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
7,542
19,163
-
26,705
Loan
7,542
13,500
21,042
-
15,084
32,663
21,042
26,705
The loan balance will be settled by directors' bonuses voted on 7 October 2024.
Morton Training Limited
Notes to the Accounts
for the year ended 31 March 2024
10
Transactions with related parties
During the year rental and facility payments were made to a company; Morton Properties Ltd a company registered in England and Wales (No. 11400339) totalling £39,600 (2023: £39,600).
The balance as at the year end (net of VAT) was £12,000 (2023: £12,000).
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Average number of employees
During the year the average number of employees was 3 (2023: 3).