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REGISTERED NUMBER: 02638416 (England and Wales)













TONY MORRIS & SONS DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONY MORRIS & SONS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: W I Morris
M C Morris



REGISTERED OFFICE: Celtic Link Business Park
Scleddau
Fishguard
Pembrokeshire
SA65 9RE



REGISTERED NUMBER: 02638416 (England and Wales)



ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG



BANKERS: Barclays Bank Plc
Pembrokeshire Group of Branches
PO Box 28
Haverfordwest
Pembrokeshire
SA61 2YA

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 223,778 156,771

CURRENT ASSETS
Stocks 273,661 309,910
Debtors 6 44,519 26,607
Cash at bank and in hand 97,851 91,409
416,031 427,926
CREDITORS
Amounts falling due within one year 7 182,678 179,105
NET CURRENT ASSETS 233,353 248,821
TOTAL ASSETS LESS CURRENT LIABILITIES 457,131 405,592

CREDITORS
Amounts falling due after more than one
year

8

(52,873

)

(44,615

)

PROVISIONS FOR LIABILITIES (45,954 ) (29,593 )
NET ASSETS 358,304 331,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 358,204 331,284
SHAREHOLDERS' FUNDS 358,304 331,384

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

BALANCE SHEET - continued
31 MAY 2024


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

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

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 14 August 2024 and were signed on its behalf by:





W I Morris - Director


TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

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


1. STATUTORY INFORMATION

Tony Morris & Sons Developments 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, of building supplies and services issued during the year, net of value added tax.

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 - 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks and work in progress consists of building materials and labour consumed and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties at amortised cost.

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.


TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

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


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 10,117 231,326 19,203 76,259 336,905
Additions - 104,620 - 21,950 126,570
Disposals - (54,950 ) - (17,864 ) (72,814 )
At 31 May 2024 10,117 280,996 19,203 80,345 390,661
DEPRECIATION
At 1 June 2023 9,061 83,194 17,245 70,634 180,134
Charge for year 396 23,785 882 11,113 36,176
Eliminated on disposal - (31,563 ) - (17,864 ) (49,427 )
At 31 May 2024 9,457 75,416 18,127 63,883 166,883
NET BOOK VALUE
At 31 May 2024 660 205,580 1,076 16,462 223,778
At 31 May 2023 1,056 148,132 1,958 5,625 156,771

TONY MORRIS & SONS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02638416)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,409 12,773
Other debtors 6,110 13,834
44,519 26,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 28,995 17,942
Trade creditors 22,297 12,544
Taxation and social security 15,333 22,616
Other creditors 116,053 126,003
182,678 179,105

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 52,873 44,615

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 81,868 62,557

Hire purchase is secured on the assets held under agreement.

Bank loans and overdrafts are secured by a floating charge over the assets of the company.