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Morley Skips Ltd
Registered Number:05998399
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Morley Skips Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05998399
As at 31 December 2024
Morley Skips Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
830,876
953,363
3
830,876
953,363
Current assets
Trade and other receivables
142,853
135,403
4
36,583
Cash and cash equivalents
39,402
174,805
179,436
Trade and other payables: amounts falling due within one year
(456,191)
(422,722)
5
(276,755)
(247,917)
Net current liabilities
Total assets less current liabilities
582,959
676,608
Trade and other payables: amounts falling due after more than one
year
(416,141)
(235,296)
6
(162,097)
(161,955)
Provisions for liabilities
185,566
Net assets
98,512
Capital and reserves
Called up share capital
60
60
Retained earnings
185,506
98,452
185,566
98,512
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr C P Morley Director
These financial statements were approved and authorised for issue by the Board on 22 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Morley Skips Ltd
Notes to the Financial Statements
Statutory Information
Morley Skips Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 05998399.
Registered address:
Woodcote
Park Farm
Tolleshunt Knights
Maldon Essex
CM9 8HB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% / 20% Reducing balance
20% Reducing balance
Office equipment
20% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2024
Morley Skips Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
30,000
At 31 December 2024
30,000
Amortisation
At 01 January 2024
30,000
At 31 December 2024
30,000
Net book value
At 31 December 2024
-
At 31 December 2023
-
3. Property, plant and equipment
Total
Office
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or valuation
At 01 January 2024
1,671,119
6,576
1,482,055
182,488
9,589
696
8,893
-
Additions
-
(44,223)
-
Disposals
(44,223)
At 31 December 2024
182,488
1,446,725
7,272
1,636,485
Provision for depreciation and impairment
At 01 January 2024
717,756
3,703
714,053
-
Charge for year
125,731
701
125,030
-
(37,878)
-
(37,878)
-
On disposal
At 31 December 2024
805,609
4,404
801,205
-
At 31 December 2024
Net book value
182,488
645,520
2,868
830,876
At 31 December 2023
182,488
768,002
2,873
953,363
4. Trade and other receivables
2023
2024
£
£
Trade debtors
118,338
116,502
Other debtors
17,065
26,351
142,853
135,403
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6
For the year ended 31 December 2024
Morley Skips Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
29,106
66,130
Trade creditors
149,232
186,263
Taxation and social security
77,904
30,216
Other creditors
166,480
173,582
422,722
456,191
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
21,072
51,571
Other creditors
214,224
364,570
235,296
416,141
7. Guarantees and other financial commitments
Guarantees and contingent assets and liabilities
A Fixed and Floating charge was registered against the Company assets by Barclays Security Trustee Limited on 7 October
2020.
8. Average number of persons employed
During the year the average number of employees was 16 (2023 : 15)
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