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REGISTERED NUMBER: 08547146 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Morris Electrical Installations Limited

Morris Electrical Installations Limited (Registered number: 08547146)






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


Morris Electrical Installations Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D L Morris
Mrs S D Morris





SECRETARY: Mrs S D Morris





REGISTERED OFFICE: 10 Percy Business Park
Rounds Green Road
Oldbury
West Midlands
B69 2RD





REGISTERED NUMBER: 08547146 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Morris Electrical Installations Limited (Registered number: 08547146)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,371 96,797

CURRENT ASSETS
Stocks 49,112 48,228
Debtors 5 816,802 581,115
Cash at bank 349,042 138,587
1,214,956 767,930
CREDITORS
Amounts falling due within one year 6 882,264 484,617
NET CURRENT ASSETS 332,692 283,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,063

380,110

CREDITORS
Amounts falling due after more than one
year

7

63,256

106,511
NET ASSETS 340,807 273,599

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 340,705 273,497
SHAREHOLDERS' FUNDS 340,807 273,599

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.

Morris Electrical Installations Limited (Registered number: 08547146)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:




D L Morris - Director



Mrs S D Morris - Director


Morris Electrical Installations Limited (Registered number: 08547146)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Morris Electrical Installations 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. 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.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance

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

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.

Morris Electrical Installations Limited (Registered number: 08547146)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 19,033 109,460 30,549 159,042
DEPRECIATION
At 1 June 2023 13,841 27,365 21,039 62,245
Charge for year 1,731 20,524 3,171 25,426
At 31 May 2024 15,572 47,889 24,210 87,671
NET BOOK VALUE
At 31 May 2024 3,461 61,571 6,339 71,371
At 31 May 2023 5,192 82,095 9,510 96,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 759,428 558,978
Other debtors 57,374 22,137
816,802 581,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 15,587 15,587
Hire purchase contracts (see note 8) 19,865 19,865
Trade creditors 502,119 95,356
Taxation and social security 109,660 96,686
Other creditors 235,033 257,123
882,264 484,617

Morris Electrical Installations Limited (Registered number: 08547146)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 31,803 55,193
Hire purchase contracts (see note 8) 31,453 51,318
63,256 106,511

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,860

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Gross obligations repayable:
Within one year 23,945 23,945
Between one and five years 37,913 61,858
61,858 85,803

Finance charges repayable:
Within one year 4,080 4,080
Between one and five years 6,460 10,540
10,540 14,620

Net obligations repayable:
Within one year 19,865 19,865
Between one and five years 31,453 51,318
51,318 71,183

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 21,958 25,058
Between one and five years - 21,958
21,958 47,016

Morris Electrical Installations Limited (Registered number: 08547146)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. SECURED DEBTS

National Westminster Bank Plc hold a legal charge over the company containing a fixed and floating charge dated 26 September 2019.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary 'A' Non-Voting £1 1 1
1 Ordinary 'B' Non-Voting £1 1 1
102 102

11. RELATED PARTY DISCLOSURES

Debtors at 31 May 2024 include £100,713 due from Westlund Limited (2023 - £120,177).

Creditors at 31 May 2024 include £7,656 due to Westlund Limited (2023 - £nil).

Mr D Morris is a director and shareholder of both Morris Electrical Installations Limited and Westlund Limited.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mr D Morris as he owns the majority of the issued share capital.