Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Samuel Jack Morris 01/07/2022 Simon Morris 06/12/2007 04 October 2024 The principal activity of the company during the year was that of transport and storage facilities. 06446726 2024-01-31 06446726 bus:Director1 2024-01-31 06446726 bus:Director2 2024-01-31 06446726 2023-01-31 06446726 core:CurrentFinancialInstruments 2024-01-31 06446726 core:CurrentFinancialInstruments 2023-01-31 06446726 core:Non-currentFinancialInstruments 2024-01-31 06446726 core:Non-currentFinancialInstruments 2023-01-31 06446726 core:ShareCapital 2024-01-31 06446726 core:ShareCapital 2023-01-31 06446726 core:RetainedEarningsAccumulatedLosses 2024-01-31 06446726 core:RetainedEarningsAccumulatedLosses 2023-01-31 06446726 core:Goodwill 2023-01-31 06446726 core:Goodwill 2024-01-31 06446726 core:OtherPropertyPlantEquipment 2023-01-31 06446726 core:OtherPropertyPlantEquipment 2024-01-31 06446726 bus:OrdinaryShareClass1 2024-01-31 06446726 bus:OrdinaryShareClass2 2024-01-31 06446726 2023-02-01 2024-01-31 06446726 bus:FilletedAccounts 2023-02-01 2024-01-31 06446726 bus:SmallEntities 2023-02-01 2024-01-31 06446726 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06446726 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06446726 bus:Director1 2023-02-01 2024-01-31 06446726 bus:Director2 2023-02-01 2024-01-31 06446726 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 06446726 2022-02-01 2023-01-31 06446726 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 06446726 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 06446726 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 06446726 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06446726 (England and Wales)

SIMON MORRIS TRANSPORT LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

SIMON MORRIS TRANSPORT LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

SIMON MORRIS TRANSPORT LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
SIMON MORRIS TRANSPORT LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Samuel Jack Morris
Simon Morris
SECRETARY Samuel Jack Morris
REGISTERED OFFICE Wellington House Aviator Court
Clifton Moor
York
YO30 4UZ
United Kingdom
COMPANY NUMBER 06446726 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
SIMON MORRIS TRANSPORT LTD

BALANCE SHEET

As at 31 January 2024
SIMON MORRIS TRANSPORT LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 80,035 78,195
80,035 78,195
Current assets
Stocks 5 0 900
Debtors 6 30,902 52,434
Cash at bank and in hand 7 146 21,149
31,048 74,483
Creditors: amounts falling due within one year 8 ( 61,463) ( 68,001)
Net current (liabilities)/assets (30,415) 6,482
Total assets less current liabilities 49,620 84,677
Creditors: amounts falling due after more than one year ( 49,249) ( 71,483)
Net assets 371 13,194
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 271 13,094
Total shareholders' funds 371 13,194

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Simon Morris Transport Ltd (registered number: 06446726) were approved and authorised for issue by the Board of Directors on 04 October 2024. They were signed on its behalf by:

Simon Morris
Director
SIMON MORRIS TRANSPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
SIMON MORRIS TRANSPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Simon Morris Transport Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington House Aviator Court, Clifton Moor, York, YO30 4UZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2023 40,000 40,000
At 31 January 2024 40,000 40,000
Accumulated amortisation
At 01 February 2023 40,000 40,000
At 31 January 2024 40,000 40,000
Net book value
At 31 January 2024 0 0
At 31 January 2023 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 157,545 157,545
Additions 23,225 23,225
Disposals ( 31,507) ( 31,507)
At 31 January 2024 149,263 149,263
Accumulated depreciation
At 01 February 2023 79,350 79,350
Charge for the financial year 14,366 14,366
Disposals ( 24,488) ( 24,488)
At 31 January 2024 69,228 69,228
Net book value
At 31 January 2024 80,035 80,035
At 31 January 2023 78,195 78,195

5. Stocks

2024 2023
£ £
Work in progress 0 900

6. Debtors

2024 2023
£ £
Trade debtors 13,386 24,442
Other debtors 17,516 27,992
30,902 52,434

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 146 21,149
Less: Bank overdrafts ( 22,931) 0
(22,785) 21,149

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 28,295 5,094
Trade creditors 836 5,098
Taxation and social security 15,571 23,646
Obligations under finance leases and hire purchase contracts 14,720 4,484
Other creditors 2,041 29,679
61,463 68,001

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
95 Ordinary A shares of £ 1.00 each 95 95
5 Ordinary B shares of £ 1.00 each 5 5
100 100