Acorah Software Products - Accounts Production 15.0.600 false true false 1 April 2023 31 March 2024 31 March 2024 09984784 Mr David Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09984784 2023-03-31 09984784 2024-03-31 09984784 2023-04-01 2024-03-31 09984784 frs-core:CurrentFinancialInstruments 2024-03-31 09984784 frs-core:Non-currentFinancialInstruments 2024-03-31 09984784 frs-core:BetweenOneFiveYears 2024-03-31 09984784 frs-core:NetGoodwill 2024-03-31 09984784 frs-core:NetGoodwill 2023-04-01 2024-03-31 09984784 frs-core:NetGoodwill 2023-03-31 09984784 frs-core:MotorVehicles 2024-03-31 09984784 frs-core:MotorVehicles 2023-04-01 2024-03-31 09984784 frs-core:MotorVehicles 2023-03-31 09984784 frs-core:ShareCapital 2024-03-31 09984784 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09984784 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09984784 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09984784 frs-bus:SmallEntities 2023-04-01 2024-03-31 09984784 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09984784 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09984784 frs-bus:Director1 2023-04-01 2024-03-31 09984784 frs-countries:EnglandWales 2023-04-01 2024-03-31
Registered number: 09984784
Morris Flooring Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Prestons
Unit 5, Bowes Business Park
Wrotham Road
Meopham
Kent
DA13 0QB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09984784
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 75,000
Tangible Assets 5 7,452
82,452
CURRENT ASSETS
Debtors 6 21,736
Cash at bank and in hand 2,495
24,231
Creditors: Amounts Falling Due Within One Year 7 (101,983 )
NET CURRENT ASSETS (LIABILITIES) (77,752 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,700
Creditors: Amounts Falling Due After More Than One Year 8 (685 )
NET ASSETS 4,015
CAPITAL AND RESERVES
Called up share capital 10 2
Profit and Loss Account 4,013
SHAREHOLDERS' FUNDS 4,015
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Morris
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Morris Flooring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09984784 . The registered office is Unit 5 Bowes Business Park, Wrotham Road, Meopham, Kent, DA13 0QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 -
Additions 75,000
As at 31 March 2024 75,000
Net Book Value
As at 31 March 2024 75,000
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 35,882
As at 31 March 2024 35,882
Depreciation
As at 1 April 2023 25,946
Provided during the period 2,484
As at 31 March 2024 28,430
Net Book Value
As at 31 March 2024 7,452
As at 1 April 2023 9,936
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6. Debtors
2024
£
Due within one year
Trade debtors 21,413
VAT 323
21,736
7. Creditors: Amounts Falling Due Within One Year
2024
£
Bank loans and overdrafts 38,211
Corporation tax 13,579
Government grants - Education & Skills 1,500
Director's loan account 48,693
101,983
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Net obligations under finance lease and hire purchase contracts 685
9. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 685
10. Share Capital
2024
£
Allotted, Called up and fully paid 2
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024
£
Mr David Morris 25,000
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