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REGISTERED NUMBER: 06722524 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Morley Ventilation Limited

Morley Ventilation Limited (Registered number: 06722524)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Morley Ventilation Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D Holmes
I S Watson





SECRETARY: D Holmes





REGISTERED OFFICE: 25 Melbourne Street
Morley
Leeds
West Yorkshire
LS27 8BG





REGISTERED NUMBER: 06722524 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Morley Ventilation Limited (Registered number: 06722524)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,256 199,424

CURRENT ASSETS
Stocks 40,221 38,306
Debtors 5 537,278 1,032,009
Cash at bank and in hand 272,177 130,684
849,676 1,200,999
CREDITORS
Amounts falling due within one year 6 962,184 1,161,260
NET CURRENT (LIABILITIES)/ASSETS (112,508 ) 39,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,748

239,163

CREDITORS
Amounts falling due after more than one year 7 (5,139 ) (45,419 )

PROVISIONS FOR LIABILITIES (34,230 ) (25,903 )
NET ASSETS 94,379 167,841

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 93,179 166,641
94,379 167,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





D Holmes - Director


Morley Ventilation Limited (Registered number: 06722524)

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

1. STATUTORY INFORMATION

Morley Ventilation 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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 14 ) .

Morley Ventilation Limited (Registered number: 06722524)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 167,743 13,734 112,709 46,302 340,488
Additions 60,335 231 52,378 5,819 118,763
At 31 October 2024 228,078 13,965 165,087 52,121 459,251
DEPRECIATION
At 1 November 2023 81,487 9,070 28,242 22,265 141,064
Charge for year 31,432 1,190 32,260 7,049 71,931
At 31 October 2024 112,919 10,260 60,502 29,314 212,995
NET BOOK VALUE
At 31 October 2024 115,159 3,705 104,585 22,807 246,256
At 31 October 2023 86,256 4,664 84,467 24,037 199,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,840 63,817
Amounts recoverable on contracts 480,368 985,673
Other debtors 22,070 (17,481 )
537,278 1,032,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,969 27,166
Trade creditors 667,272 854,208
Taxation and social security 167,633 210,152
Other creditors 102,310 69,734
962,184 1,161,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,139 45,419