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COMPANY REGISTRATION NUMBER: 05832600
Morris Services Limited
Filleted Unaudited Financial Statements
31 May 2024
Morris Services Limited
Financial Statements
Year ended 31st May 2024
Contents
Page
Report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Morris Services Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Morris Services Limited
Year ended 31st May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morris Services Limited for the year ended 31st May 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
30 January 2025
Morris Services Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
4,975
6,821
Current assets
Debtors
6
4,381
1,671
Cash at bank and in hand
2
3,482
-------
-------
4,383
5,153
Creditors: amounts falling due within one year
7
58,288
39,637
--------
--------
Net current liabilities
53,905
34,484
--------
--------
Total assets less current liabilities
( 48,930)
( 27,663)
Creditors: amounts falling due after more than one year
8
20,920
20,725
--------
--------
Net liabilities
( 69,850)
( 48,388)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 69,852)
( 48,390)
--------
--------
Shareholders deficit
( 69,850)
( 48,388)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Morris Services Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr J. W. Morris
Director
Company registration number: 05832600
Morris Services Limited
Notes to the Financial Statements
Year ended 31st May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 102 Apseleys Mead, Pear Tree Road, Bradley Stoke, Bristol, BS32 0BG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis. This basis may not be appropriate because the company has net liabilities at 31 May 2024 and 31 May 2023. The future of the company is dependent upon the continued support of the creditors. The accounts do not include any provisions for liabilities that may arise if this support is withdrawn.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% reducing balance
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1st June 2023
15,268
400
7,670
23,338
Disposals
( 1,346)
( 33)
( 3,372)
( 4,751)
--------
----
-------
--------
At 31st May 2024
13,922
367
4,298
18,587
--------
----
-------
--------
Depreciation
At 1st June 2023
10,144
349
6,024
16,517
Charge for the year
716
6
293
1,015
Disposals
( 996)
( 25)
( 2,899)
( 3,920)
--------
----
-------
--------
At 31st May 2024
9,864
330
3,418
13,612
--------
----
-------
--------
Carrying amount
At 31st May 2024
4,058
37
880
4,975
--------
----
-------
--------
At 31st May 2023
5,124
51
1,646
6,821
--------
----
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
3,870
1,134
Other debtors
511
537
-------
-------
4,381
1,671
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,648
7,881
Trade creditors
4,811
567
Social security and other taxes
1,450
1,701
Other creditors
45,379
29,488
--------
--------
58,288
39,637
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
20,920
20,725
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr and Mrs J Morris
( 11,098)
( 16,685)
( 27,783)
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr and Mrs J Morris
( 4,588)
( 6,510)
( 11,098)
-------
-------
--------