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REGISTERED NUMBER: 00664487 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

W.J.MORLEY & SON (ROOFING) LIMITED

W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.J.MORLEY & SON (ROOFING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: A R Morley





REGISTERED OFFICE: Morley House
Llanthony Road
Gloucester
GL2 5HL





REGISTERED NUMBER: 00664487 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 27,424 28,831
Investments 5 - 43,680
27,424 72,511

CURRENT ASSETS
Debtors 6 152,133 308,707
Cash at bank and in hand 96,683 45,584
248,816 354,291
CREDITORS
Amounts falling due within one year 7 164,912 398,490
NET CURRENT ASSETS/(LIABILITIES) 83,904 (44,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,328

28,312

CREDITORS
Amounts falling due after more than one
year

8

-

(4,627

)

PROVISIONS FOR LIABILITIES (3,519 ) (3,094 )
NET ASSETS 107,809 20,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,709 20,491
SHAREHOLDERS' FUNDS 107,809 20,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





A R Morley - Director


W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

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

1. STATUTORY INFORMATION

W.J.Morley & Son (Roofing) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is the total amount receivable by the company for goods supplied and services provided during the year exclusive of VAT and trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and inter company loans.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash expected to be paid or received.

Inter company loans are repayable on demand.

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.


W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

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

2. ACCOUNTING POLICIES - continued
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 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 11,511 10,814 86,280 108,605
Additions - - 5,800 5,800
At 30 September 2024 11,511 10,814 92,080 114,405
DEPRECIATION
At 1 October 2023 10,603 7,561 61,610 79,774
Charge for year 227 813 6,167 7,207
At 30 September 2024 10,830 8,374 67,777 86,981
NET BOOK VALUE
At 30 September 2024 681 2,440 24,303 27,424
At 30 September 2023 908 3,253 24,670 28,831

Motor vehicles with a carrying amount of £7,088 (2023 : £9,450) have been pledged as security for the related hire purchase liabilities.

W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 43,680
Disposals (43,680 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 43,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,582 138,639
Other debtors 89,917 155,166
Prepayments 17,634 14,902
152,133 308,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,627 4,552
Trade creditors 68,142 253,896
Corporation Tax 24,741 26,287
Social security and other taxes 7,418 5,351
VAT 22,322 28,281
Other creditors 1,274 7,066
Directors' current accounts 30,320 68,266
Accrued expenses 6,068 4,791
164,912 398,490

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 4,627

9. SECURED DEBTS

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital buildings, fixtures and fixed plant and machinery.

W.J.MORLEY & SON (ROOFING) LIMITED (REGISTERED NUMBER: 00664487)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A R Morley
Balance outstanding at start of year (68,266 ) (52,500 )
Amounts advanced 120,946 69,460
Amounts repaid (83,000 ) (85,226 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,320 ) (68,266 )

The director's loan account is repayable on demand and does not attract interest.