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REGISTERED NUMBER: 09375052 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

John G Morris Limited

John G Morris Limited (Registered number: 09375052)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John G Morris Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: Mr J G Morris





REGISTERED OFFICE: Pen Isa'r Waen Cottage
Llandyrnog
Denbigh
Denbighshire
LL16 4HL





REGISTERED NUMBER: 09375052 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

John G Morris Limited (Registered number: 09375052)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,766 138,987

CURRENT ASSETS
Debtors 5 12,879 3,429
Cash at bank 50,222 38,891
63,101 42,320
CREDITORS
Amounts falling due within one year 6 133,887 129,256
NET CURRENT LIABILITIES (70,786 ) (86,936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,980

52,051

CREDITORS
Amounts falling due after more than one
year

7

23,194

33,097
NET ASSETS 34,786 18,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,686 18,854
34,786 18,954

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

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

The director acknowledges his 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.

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 director and authorised for issue on 9 October 2024 and were signed by:





Mr J G Morris - Director


John G Morris Limited (Registered number: 09375052)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

John G 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.

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% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

John G Morris Limited (Registered number: 09375052)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 187,269 - 34,110 221,379
Additions 14,429 198 - 14,627
At 31 January 2024 201,698 198 34,110 236,006
DEPRECIATION
At 1 February 2023 76,668 - 5,724 82,392
Charge for year 17,749 3 7,096 24,848
At 31 January 2024 94,417 3 12,820 107,240
NET BOOK VALUE
At 31 January 2024 107,281 195 21,290 128,766
At 31 January 2023 110,601 - 28,386 138,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,745 529
Other debtors 5,134 2,900
12,879 3,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,992 1,920
Hire purchase contracts 7,832 9,102
Taxation and social security 913 1,258
Other creditors 123,150 116,976
133,887 129,256

Included within other creditors is an amount of £121,805 due to the director of the company (2023 £115,706). The loan is interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,675 4,747
Hire purchase contracts 20,519 28,350
23,194 33,097

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 28,351 37,452

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J G Morris.