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Registered number: 11436261
Morris Infrastructure Group UK Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11436261
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,656 5,987
Tangible Assets 5 418,090 257,959
422,746 263,946
CURRENT ASSETS
Debtors 6 410,856 190,833
Cash at bank and in hand 84,545 132,709
495,401 323,542
Creditors: Amounts Falling Due Within One Year 7 (179,406 ) (113,626 )
NET CURRENT ASSETS (LIABILITIES) 315,995 209,916
TOTAL ASSETS LESS CURRENT LIABILITIES 738,741 473,862
Creditors: Amounts Falling Due After More Than One Year 8 (118,033 ) (75,636 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (84,919 ) (54,844 )
NET ASSETS 535,789 343,382
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 535,669 343,262
SHAREHOLDERS' FUNDS 535,789 343,382
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For the year ending 30 June 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 Jordan Morris
Director
1st November 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Morris Infrastructure Group UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11436261 . The registered office is Dale House, 64 Fink Hill, Horsforth, Leeds, LS18 4DH.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 - Other Intangible
Other intangible assets include the development of a web application. It is amortised to profit and loss account over its estimated economic life of 5 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:
Leasehold 10% Reducing Balance
Plant & Machinery 20% Reducing Balance
Motor Vehicles 15% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and 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.
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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.
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 deducted from the cost of the asset. The reduced cost of the asset is depreciated 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: 15 (2023: 10)
15 10
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4. Intangible Assets
Other
£
Cost
As at 1 July 2023 6,652
As at 30 June 2024 6,652
Amortisation
As at 1 July 2023 665
Provided during the period 1,331
As at 30 June 2024 1,996
Net Book Value
As at 30 June 2024 4,656
As at 1 July 2023 5,987
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 1,757 119,593 190,451 29,361 341,162
Additions - 134,101 86,810 6,974 227,885
As at 30 June 2024 1,757 253,694 277,261 36,335 569,047
Depreciation
As at 1 July 2023 193 33,472 41,699 7,839 83,203
Provided during the period 157 31,489 30,540 5,568 67,754
As at 30 June 2024 350 64,961 72,239 13,407 150,957
Net Book Value
As at 30 June 2024 1,407 188,733 205,022 22,928 418,090
As at 1 July 2023 1,564 86,121 148,752 21,522 257,959
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 331,269 182,880
Amounts owed by participating interests 983 268
Other debtors 78,604 7,685
410,856 190,833
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 87,764 55,866
Trade creditors 3,462 222
Other creditors 6,596 4,981
Taxation and social security 81,584 52,557
179,406 113,626
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 118,033 75,636
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 87,764 55,866
Later than one year and not later than five years 118,033 75,636
205,797 131,502
205,797 131,502
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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11. Related Party Transactions
During the period, the company paid dividends of £74,000 (2023: £58,050) to the director Mr J Morris. During the year, the company also paid dividends of £28,000 (2023 £30,000) to Mrs H Morris, the spouse of the director.
No additional transactions were undertaken during the period, such as are required to be disclosed under FRS 102 - Section 1A (Small Entities).
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