IRIS Accounts Production v25.1.0.734 03759163 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037591632023-04-30037591632024-04-30037591632023-05-012024-04-30037591632022-04-30037591632022-05-012023-04-30037591632023-04-3003759163ns15:EnglandWales2023-05-012024-04-3003759163ns14:PoundSterling2023-05-012024-04-3003759163ns10:Director12023-05-012024-04-3003759163ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003759163ns10:SmallEntities2023-05-012024-04-3003759163ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003759163ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003759163ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003759163ns10:FullAccounts2023-05-012024-04-300375916312023-05-012024-04-3003759163ns10:Director22023-05-012024-04-3003759163ns10:Director32023-05-012024-04-3003759163ns10:Director42023-05-012024-04-3003759163ns10:RegisteredOffice2023-05-012024-04-3003759163ns5:CurrentFinancialInstruments2024-04-3003759163ns5:CurrentFinancialInstruments2023-04-3003759163ns5:Non-currentFinancialInstruments2024-04-3003759163ns5:Non-currentFinancialInstruments2023-04-3003759163ns5:ShareCapital2024-04-3003759163ns5:ShareCapital2023-04-3003759163ns5:RetainedEarningsAccumulatedLosses2024-04-3003759163ns5:RetainedEarningsAccumulatedLosses2023-04-3003759163ns5:NetGoodwill2023-05-012024-04-3003759163ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003759163ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3003759163ns5:PlantMachinery2023-05-012024-04-3003759163ns5:FurnitureFittings2023-05-012024-04-3003759163ns5:MotorVehicles2023-05-012024-04-3003759163ns5:ComputerEquipment2023-05-012024-04-3003759163ns5:NetGoodwill2023-04-3003759163ns5:NetGoodwill2024-04-3003759163ns5:NetGoodwill2023-04-3003759163ns5:LandBuildings2023-04-3003759163ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3003759163ns5:PlantMachinery2023-04-3003759163ns5:LandBuildings2023-05-012024-04-3003759163ns5:LandBuildings2024-04-3003759163ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-3003759163ns5:PlantMachinery2024-04-3003759163ns5:LandBuildings2023-04-3003759163ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3003759163ns5:PlantMachinery2023-04-3003759163ns5:FurnitureFittings2023-04-3003759163ns5:MotorVehicles2023-04-3003759163ns5:ComputerEquipment2023-04-3003759163ns5:FurnitureFittings2024-04-3003759163ns5:MotorVehicles2024-04-3003759163ns5:ComputerEquipment2024-04-3003759163ns5:FurnitureFittings2023-04-3003759163ns5:MotorVehicles2023-04-3003759163ns5:ComputerEquipment2023-04-3003759163ns5:CostValuation2023-04-3003759163ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003759163ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003759163ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3003759163ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-30
REGISTERED NUMBER: 03759163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

R E Morris & Sons Limited

R E Morris & Sons Limited (Registered number: 03759163)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R E Morris & Sons Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C J Chadd
J A Chadd
B Dulson
T E Wellsted





REGISTERED OFFICE: The Garage
Llanrhaeadr Ym Mochnant
Oswestry
Shropshire
SY10 0AD





REGISTERED NUMBER: 03759163 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
3 Grove Road
Wrexham
LL11 1DY

R E Morris & Sons Limited (Registered number: 03759163)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 23,933 22,333
Tangible assets 5 2,347,493 1,846,578
Investments 6 80,004 80,004
2,451,430 1,948,915

CURRENT ASSETS
Stocks 10,868 36,817
Debtors 7 745,246 593,054
Cash at bank and in hand 136,654 132,837
892,768 762,708
CREDITORS
Amounts falling due within one year 8 1,164,784 913,655
NET CURRENT LIABILITIES (272,016 ) (150,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,179,414

1,797,968

CREDITORS
Amounts falling due after more than one
year

9

(985,615

)

(712,481

)

PROVISIONS FOR LIABILITIES (301,981 ) (263,516 )
NET ASSETS 891,818 821,971

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 881,818 811,971
891,818 821,971

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

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

R E Morris & Sons Limited (Registered number: 03759163)

Balance Sheet - continued
30 April 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 28 April 2025 and were signed on its behalf by:





C J Chadd - Director


R E Morris & Sons Limited (Registered number: 03759163)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

R E Morris & Sons 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 12.5% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.


R E Morris & Sons Limited (Registered number: 03759163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 68 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 248,000
Additions 6,000
At 30 April 2024 254,000
AMORTISATION
At 1 May 2023 225,667
Charge for year 4,400
At 30 April 2024 230,067
NET BOOK VALUE
At 30 April 2024 23,933
At 30 April 2023 22,333

R E Morris & Sons Limited (Registered number: 03759163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 14,020 150,182 334,388
Additions 100,000 30,265 54,196
Disposals - - -
At 30 April 2024 114,020 180,447 388,584
DEPRECIATION
At 1 May 2023 - 118,241 166,117
Charge for year - 7,406 30,287
Eliminated on disposal - - -
At 30 April 2024 - 125,647 196,404
NET BOOK VALUE
At 30 April 2024 114,020 54,800 192,180
At 30 April 2023 14,020 31,941 168,271

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 141,816 2,316,696 15,151 2,972,253
Additions 19,338 765,133 - 968,932
Disposals - (153,600 ) - (153,600 )
At 30 April 2024 161,154 2,928,229 15,151 3,787,585
DEPRECIATION
At 1 May 2023 79,101 752,433 9,783 1,125,675
Charge for year 24,063 274,900 1,170 337,826
Eliminated on disposal - (23,409 ) - (23,409 )
At 30 April 2024 103,164 1,003,924 10,953 1,440,092
NET BOOK VALUE
At 30 April 2024 57,990 1,924,305 4,198 2,347,493
At 30 April 2023 62,715 1,564,263 5,368 1,846,578

R E Morris & Sons Limited (Registered number: 03759163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 80,004
NET BOOK VALUE
At 30 April 2024 80,004
At 30 April 2023 80,004

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 281,258 325,998
Other debtors 463,988 267,056
745,246 593,054

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 16,466 166,651
Trade creditors 376,372 215,031
Amounts owed to group undertakings 220,865 67,997
Taxation and social security 27,660 29,655
Other creditors 523,421 434,321
1,164,784 913,655

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 86,644 103,710
Other creditors 898,971 608,771
985,615 712,481

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,466 166,651

Amounts falling due between one and two years:
Bank loans - 1-2 years 86,644 103,710

R E Morris & Sons Limited (Registered number: 03759163)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. RELATED PARTY DISCLOSURES

R E Morris and Sons Ltd own 100% of the share capital in C J MOT's Ltd, R E Morris & Sons Properties Ltd and R E Morris and Sons (Nook Lane) Ltd.

The balance owed to R E Morris & Sons Properties Ltd at the year end is £134,311 (2023 - £150,785), and R E Morris and Sons (Nook Lane) Ltd £23,028 (2023 - £NIL).

The company also made various loan advances to R E Morris and Sons (Nook Lane) Ltd and the balance of the inter company loan account £NIL (2023 - £13,873) is shown in debtors at the year end.

At the year end a balance of £63,526 is owed to CJ MOT's (2023 - £67,997)