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REGISTERED NUMBER: 02964479 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MORLEY BROTHERS LIMITED

MORLEY BROTHERS LIMITED (REGISTERED NUMBER: 02964479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORLEY BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M A Morley





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 02964479 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

MORLEY BROTHERS LIMITED (REGISTERED NUMBER: 02964479)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,087 190,965

CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 558,677 174,114
Cash at bank and in hand 366,355 647,908
935,032 832,022
CREDITORS
Amounts falling due within one year 7 237,321 263,031
NET CURRENT ASSETS 697,711 568,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

894,798

759,956

PROVISIONS FOR LIABILITIES 49,272 47,941
NET ASSETS 845,526 712,015

CAPITAL AND RESERVES
Called up share capital 350 350
Retained earnings 845,176 711,665
SHAREHOLDERS' FUNDS 845,526 712,015

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 BROTHERS LIMITED (REGISTERED NUMBER: 02964479)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





M A Morley - Director


MORLEY BROTHERS LIMITED (REGISTERED NUMBER: 02964479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Morley Brothers 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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 - 11 ) .

MORLEY BROTHERS LIMITED (REGISTERED NUMBER: 02964479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 158,020 163,625 3,357 325,002
Additions 46,475 - 1,945 48,420
At 30 June 2024 204,495 163,625 5,302 373,422
DEPRECIATION
At 1 July 2023 95,733 35,010 3,294 134,037
Charge for year 9,986 31,925 387 42,298
At 30 June 2024 105,719 66,935 3,681 176,335
NET BOOK VALUE
At 30 June 2024 98,776 96,690 1,621 197,087
At 30 June 2023 62,287 128,615 63 190,965

5. STOCKS
2024 2023
£    £   
Stocks 10,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242,271 166,367
Amounts owed by group undertakings 307,474 -
Other debtors - 500
Prepayments 8,932 7,247
558,677 174,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,277 17,854
Amounts owed to group undertakings - 59,170
Tax 56,583 49,555
Social security and other taxes 5,357 1,496
VAT 82,250 74,925
Wages and salaries 20,588 20,405
Pension control 643 680
Director's current account 11,842 14,615
Accruals and deferred income 28,781 24,331
237,321 263,031

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Morley Brothers (Holdings) Limited.