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REGISTERED NUMBER: 08962173 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Morley & Co (UK) Ltd

Morley & Co (UK) Ltd (Registered number: 08962173)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morley & Co (UK) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N Morley FCA,
P King FCCA





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 08962173 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Morley & Co (UK) Ltd (Registered number: 08962173)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,734 59,302

CURRENT ASSETS
Stocks 3,621 3,621
Debtors 5 551,659 655,649
Cash at bank 510,490 474,357
1,065,770 1,133,627
CREDITORS
Amounts falling due within one year 6 294,780 279,284
NET CURRENT ASSETS 770,990 854,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,724

913,645

CREDITORS
Amounts falling due after more than one
year

7

27,489

38,333
NET ASSETS 791,235 875,312

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 790,235 874,312
SHAREHOLDERS' FUNDS 791,235 875,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Morley & Co (UK) Ltd (Registered number: 08962173)

Balance Sheet - continued
30 April 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 31 May 2024 and were signed on its behalf by:





P King FCCA - Director


Morley & Co (UK) Ltd (Registered number: 08962173)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Morley & Co (UK) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Turnover represents amounts charged to clients for the provision of professional services that have been provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is secured, except where the final outcome cannot be assessed with reasonable certainty. Unbilled fee income on individual assignments is included as 'Amounts recoverable on contracts' within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short Leasehold - Over 10 years
Fixtures & Fittings - 20% on cost for the first 4 years, then 10% on cost
Computer Equipment - 20% on cost for the first 4 years, then 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.


Morley & Co (UK) Ltd (Registered number: 08962173)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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 - 9 ) .

Morley & Co (UK) Ltd (Registered number: 08962173)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 18,531 47,410 40,354 106,295
Additions - 2,553 1,292 3,845
At 30 April 2024 18,531 49,963 41,646 110,140
DEPRECIATION
At 1 May 2023 3,706 17,140 26,147 46,993
Charge for year 1,853 7,741 5,819 15,413
At 30 April 2024 5,559 24,881 31,966 62,406
NET BOOK VALUE
At 30 April 2024 12,972 25,082 9,680 47,734
At 30 April 2023 14,825 30,270 14,207 59,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,368 192,383
Amounts recoverable on contract 121,877 118,852
Other debtors 314,414 344,414
551,659 655,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,375 4,164
Taxation and social security 207,534 218,015
Other creditors 83,871 57,105
294,780 279,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,489 38,333