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REGISTERED NUMBER: 10205846 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

MORETON REYNOLDS LTD

MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


MORETON REYNOLDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: M K Reynolds





REGISTERED OFFICE: Erlsdene
Stream Road
Kingswinford
West Midlands
DY6 9NW





REGISTERED NUMBER: 10205846 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MORETON REYNOLDS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moreton Reynolds Ltd for the year ended 31st May 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Moreton Reynolds Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moreton Reynolds Ltd and state those matters that we have agreed to state to the director of Moreton Reynolds Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Moreton Reynolds Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moreton Reynolds Ltd. You consider that Moreton Reynolds Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moreton Reynolds Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


25th July 2024

MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,823 12,455

CURRENT ASSETS
Debtors 5 125,488 100,908
Cash at bank 33,461 46,124
158,949 147,032
CREDITORS
Amounts falling due within one year 6 71,755 66,838
NET CURRENT ASSETS 87,194 80,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,017

92,649

CREDITORS
Amounts falling due after more than one year 7 (10,000 ) (20,000 )

PROVISIONS FOR LIABILITIES (2,456 ) (3,114 )
NET ASSETS 84,561 69,535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,461 69,435
SHAREHOLDERS' FUNDS 84,561 69,535

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

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

MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th July 2024 and were signed by:





M K Reynolds - Director


MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Moreton Reynolds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 20% on cost and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st June 2023 28,446
Additions 155
At 31st May 2024 28,601
DEPRECIATION
At 1st June 2023 15,991
Charge for year 2,787
At 31st May 2024 18,778
NET BOOK VALUE
At 31st May 2024 9,823
At 31st May 2023 12,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 123,808 70,417
Other debtors 1,680 30,491
125,488 100,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 474 1,381
Taxation and social security 48,011 53,788
Other creditors 13,270 1,669
71,755 66,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 10,000 20,000

MORETON REYNOLDS LTD (REGISTERED NUMBER: 10205846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 20,000 30,000

The bank loan was received under the Bounce Back Loan Scheme carries a government-backed guarantee.