RH & GA Morrish Limited 5935537 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Beef & sheep farming Digita Accounts Production Advanced 6.30.9574.0 true 5935537 2023-02-01 2024-01-31 5935537 2024-01-31 5935537 bus:OrdinaryShareClass1 2024-01-31 5935537 core:CurrentFinancialInstruments 2024-01-31 5935537 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 5935537 core:FurnitureFittingsToolsEquipment 2024-01-31 5935537 core:LandBuildings 2024-01-31 5935537 core:MotorVehicles 2024-01-31 5935537 core:OtherPropertyPlantEquipment 2024-01-31 5935537 bus:SmallEntities 2023-02-01 2024-01-31 5935537 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 5935537 bus:FilletedAccounts 2023-02-01 2024-01-31 5935537 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 5935537 bus:RegisteredOffice 2023-02-01 2024-01-31 5935537 bus:Director1 2023-02-01 2024-01-31 5935537 bus:Director2 2023-02-01 2024-01-31 5935537 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 5935537 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 5935537 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 5935537 core:LandBuildings 2023-02-01 2024-01-31 5935537 core:MotorCars 2023-02-01 2024-01-31 5935537 core:MotorVehicles 2023-02-01 2024-01-31 5935537 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 5935537 core:PlantMachinery 2023-02-01 2024-01-31 5935537 countries:AllCountries 2023-02-01 2024-01-31 5935537 2023-01-31 5935537 core:FurnitureFittingsToolsEquipment 2023-01-31 5935537 core:LandBuildings 2023-01-31 5935537 core:MotorVehicles 2023-01-31 5935537 core:OtherPropertyPlantEquipment 2023-01-31 5935537 2022-02-01 2023-01-31 5935537 2023-01-31 5935537 bus:OrdinaryShareClass1 2023-01-31 5935537 core:CurrentFinancialInstruments 2023-01-31 5935537 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 5935537 core:FurnitureFittingsToolsEquipment 2023-01-31 5935537 core:LandBuildings 2023-01-31 5935537 core:MotorVehicles 2023-01-31 5935537 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5935537

RH & GA Morrish Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

RH & GA Morrish Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

Staff numbers

6

 

RH & GA Morrish Limited

Company Information

Directors

Mrs Gillian Ann Morrish

Mr Roger Henry Morrish

Registered office

Sherwood Farm
St Giles
Torrington
Devon
EX38 7JU

Accountants

Ward and Co Chartered Accountants
West Penhill Farm
Fremington
Barnstaple
Devon
EX31 2NG

 

RH & GA Morrish Limited

(Registration number: 5935537)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

239,001

244,341

Current assets

 

Stocks

5

99,955

90,860

Debtors

6

2,605

2,033

Cash at bank and in hand

 

142,682

103,381

 

245,242

196,274

Creditors: Amounts falling due within one year

7

(96,234)

(42,489)

Net current assets

 

149,008

153,785

Total assets less current liabilities

 

388,009

398,126

Provisions for liabilities

(26,585)

(28,632)

Net assets

 

361,424

369,494

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

360,424

368,494

Shareholders' funds

 

361,424

369,494

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

 

RH & GA Morrish Limited

(Registration number: 5935537)
Balance Sheet as at 31 January 2024

.........................................
Mrs Gillian Ann Morrish
Director

.........................................
Mr Roger Henry Morrish
Director

 
     
 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Sherwood Farm
St Giles
Torrington
Devon
EX38 7JU

These financial statements were authorised for issue by the Board on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

8 years straight line

Motor Vehicles

6 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Plant & Machinery
£

Motor vehicles
 £

Beef herd
£

Total
£

Cost or valuation

At 1 February 2023

35,904

439,604

27,927

64,232

567,667

Additions

-

19,850

-

4,000

23,850

Disposals

-

(21,100)

-

(5,910)

(27,010)

At 31 January 2024

35,904

438,354

27,927

62,322

564,507

Depreciation

At 1 February 2023

-

305,954

17,372

-

323,326

Charge for the year

-

16,762

1,759

-

18,521

Eliminated on disposal

-

(16,341)

-

-

(16,341)

At 31 January 2024

-

306,375

19,131

-

325,506

Carrying amount

At 31 January 2024

35,904

131,979

8,796

62,322

239,001

At 31 January 2023

35,904

133,650

10,555

64,232

244,341

5

Stocks

2024
£

2023
£

Other inventories

99,955

90,860

6

Debtors

Current

2024
£

2023
£

Trade debtors

992

-

Other debtors

1,613

2,033

 

2,605

2,033

7

Creditors

Creditors: amounts falling due within one year

 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2024
£

2023
£

Due within one year

Trade creditors

39,845

35,710

Taxation and social security

8,239

6,314

Other creditors

48,150

465

96,234

42,489

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

9

Dividends

2024

2023

£

£

Interim dividend of £42,000.00 (2023 - £47,000.00) per ordinary share

42,000

47,000

 

 

10

Related party transactions

 

RH & GA Morrish Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,256

11,004