IRIS Accounts Production v24.3.0.553 11472710 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114727102023-07-31114727102024-07-31114727102023-08-012024-07-31114727102022-07-31114727102022-08-012023-07-31114727102023-07-3111472710ns15:EnglandWales2023-08-012024-07-3111472710ns14:PoundSterling2023-08-012024-07-3111472710ns10:Director12023-08-012024-07-3111472710ns10:Director22023-08-012024-07-3111472710ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3111472710ns10:SmallEntities2023-08-012024-07-3111472710ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3111472710ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3111472710ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3111472710ns10:FullAccounts2023-08-012024-07-3111472710ns10:RegisteredOffice2023-08-012024-07-3111472710ns5:CurrentFinancialInstruments2024-07-3111472710ns5:CurrentFinancialInstruments2023-07-3111472710ns5:ShareCapital2024-07-3111472710ns5:ShareCapital2023-07-3111472710ns5:RetainedEarningsAccumulatedLosses2024-07-3111472710ns5:RetainedEarningsAccumulatedLosses2023-07-3111472710ns5:LeaseholdImprovements2023-08-012024-07-3111472710ns5:PlantMachinery2023-08-012024-07-3111472710ns5:FurnitureFittings2023-08-012024-07-3111472710ns5:LeaseholdImprovements2023-07-3111472710ns5:PlantMachinery2023-07-3111472710ns5:FurnitureFittings2023-07-3111472710ns5:MotorVehicles2023-07-3111472710ns5:MotorVehicles2023-08-012024-07-3111472710ns5:LeaseholdImprovements2024-07-3111472710ns5:PlantMachinery2024-07-3111472710ns5:FurnitureFittings2024-07-3111472710ns5:MotorVehicles2024-07-3111472710ns5:LeaseholdImprovements2023-07-3111472710ns5:PlantMachinery2023-07-3111472710ns5:FurnitureFittings2023-07-3111472710ns5:MotorVehicles2023-07-3111472710ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3111472710ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3111472710ns5:RetainedEarningsAccumulatedLosses2023-07-3111472710ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 11472710 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Carl Morris Associates Ltd

Carl Morris Associates Ltd (Registered number: 11472710)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carl Morris Associates Ltd

Company Information
for the year ended 31st July 2024







DIRECTORS: Mrs M Morris
Mr C Morris





REGISTERED OFFICE: 8 Mentmore Close
Swanwick
Derbyshire
DE55 1DP





REGISTERED NUMBER: 11472710 (England and Wales)





ACCOUNTANTS: TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU

Carl Morris Associates Ltd (Registered number: 11472710)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,844 3,301

CURRENT ASSETS
Stocks 1,193 2,250
Debtors 5 2,920 2,002
Cash at bank 9,075 3,937
13,188 8,189
CREDITORS
Amounts falling due within one year 6 13,377 7,111
NET CURRENT (LIABILITIES)/ASSETS (189 ) 1,078
TOTAL ASSETS LESS CURRENT LIABILITIES 5,655 4,379

PROVISIONS FOR LIABILITIES 776 627
NET ASSETS 4,879 3,752

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 4,877 3,750
4,879 3,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Carl Morris Associates Ltd (Registered number: 11472710)

Balance Sheet - continued
31st July 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 25th November 2024 and were signed on its behalf by:




Mr C Morris - Director



Mrs M Morris - Director


Carl Morris Associates Ltd (Registered number: 11472710)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Carl Morris Associates Ltd 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Carl Morris Associates Ltd (Registered number: 11472710)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1st August 2023 - 400 2,575 2,900 5,875
Additions 1,956 296 237 7,765 10,254
Disposals - (296 ) (848 ) (6,870 ) (8,014 )
At 31st July 2024 1,956 400 1,964 3,795 8,115
DEPRECIATION
At 1st August 2023 - 305 1,000 1,269 2,574
Charge for year 195 24 292 1,357 1,868
Eliminated on disposal - - (494 ) (1,677 ) (2,171 )
At 31st July 2024 195 329 798 949 2,271
NET BOOK VALUE
At 31st July 2024 1,761 71 1,166 2,846 5,844
At 31st July 2023 - 95 1,575 1,631 3,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,920 1,960
Prepayments - 42
2,920 2,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,093 4,973
Directors' current accounts 10,322 1,241
Accrued expenses 962 897
13,377 7,111

7. RESERVES
Retained
earnings
£   

At 1st August 2023 3,750
Profit for the year 9,127
Dividends (8,000 )
At 31st July 2024 4,877

Carl Morris Associates Ltd (Registered number: 11472710)

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

8. ULTIMATE CONTROLLING PARTY

The company was controlled by its directors collectively throughout the current and previous period.