IRIS Accounts Production v25.1.4.42 01330634 director 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013306342024-03-31013306342025-03-31013306342024-04-012025-03-31013306342023-03-31013306342023-04-012024-03-31013306342024-03-3101330634ns15:EnglandWales2024-04-012025-03-3101330634ns14:PoundSterling2024-04-012025-03-3101330634ns10:Director12024-04-012025-03-3101330634ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3101330634ns10:SmallEntities2024-04-012025-03-3101330634ns10:AuditExemptWithAccountantsReport2024-04-012025-03-3101330634ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3101330634ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3101330634ns10:FullAccounts2024-04-012025-03-3101330634ns10:OrdinaryShareClass12024-04-012025-03-3101330634ns10:RegisteredOffice2024-04-012025-03-3101330634ns5:CurrentFinancialInstruments2025-03-3101330634ns5:CurrentFinancialInstruments2024-03-3101330634ns5:Non-currentFinancialInstruments2025-03-3101330634ns5:Non-currentFinancialInstruments2024-03-3101330634ns5:ShareCapital2025-03-3101330634ns5:ShareCapital2024-03-3101330634ns5:CapitalRedemptionReserve2025-03-3101330634ns5:CapitalRedemptionReserve2024-03-3101330634ns5:RetainedEarningsAccumulatedLosses2025-03-3101330634ns5:RetainedEarningsAccumulatedLosses2024-03-3101330634ns5:LandBuildings2024-04-012025-03-3101330634ns5:PlantMachinery2024-04-012025-03-3101330634ns5:LandBuildings2024-03-3101330634ns5:PlantMachinery2024-03-3101330634ns5:LandBuildings2025-03-3101330634ns5:PlantMachinery2025-03-3101330634ns5:LandBuildings2024-03-3101330634ns5:PlantMachinery2024-03-3101330634ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3101330634ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101330634ns5:WithinOneYearns5:HirePurchaseContracts2025-03-3101330634ns5:WithinOneYearns5:HirePurchaseContracts2024-03-3101330634ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2025-03-3101330634ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3101330634ns5:HirePurchaseContracts2025-03-3101330634ns5:HirePurchaseContracts2024-03-3101330634ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2025-03-3101330634ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3101330634ns5:WithinOneYear2025-03-3101330634ns5:WithinOneYear2024-03-3101330634ns5:BetweenOneFiveYears2025-03-3101330634ns5:BetweenOneFiveYears2024-03-3101330634ns5:AllPeriods2025-03-3101330634ns5:AllPeriods2024-03-3101330634ns5:Secured2025-03-3101330634ns5:Secured2024-03-3101330634ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 01330634 (England and Wales)















E.T. MORRIS & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6

Accountants' Report 7

E.T. MORRIS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: J B Morris





REGISTERED OFFICE: 18 Northgate
Sleaford
Lincolnshire
NG34 7BJ





BUSINESS ADDRESS: 127 Hedon Road
Hull
HU9 1NJ





REGISTERED NUMBER: 01330634 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,361,739 2,129,612

CURRENT ASSETS
Stocks 58,644 75,161
Debtors 5 650,685 699,354
Cash at bank 62,106 63,546
771,435 838,061
CREDITORS
Amounts falling due within one year 6 1,375,467 1,438,951
NET CURRENT LIABILITIES (604,032 ) (600,890 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,757,707 1,528,722

CREDITORS
Amounts falling due after more than one year 7 (519,344 ) (313,091 )

PROVISIONS FOR LIABILITIES (168,826 ) (163,429 )
NET ASSETS 1,069,537 1,052,202

CAPITAL AND RESERVES
Called up share capital 10 3,360 3,360
Capital redemption reserve 1,440 1,440
Retained earnings 1,064,737 1,047,402
SHAREHOLDERS' FUNDS 1,069,537 1,052,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 June 2025 and were signed by:





J B Morris - Director


E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

E.T. 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.

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.

Revenue is recognised based on terms of the sale, either on despatch from the company or on delivery and acceptance by the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 33% on cost and at variable rates on reducing balance

The cost of tangible assets represents the invoice value of the assets, as well as other costs that are deemed necessary in order to bring the asset in to use.

Stocks
Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete 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 statement of financial position date.

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.

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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases'), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as obligations to the lessor.

Lease payments are treated as consisting of capital and interest elements, and the interest is charged to profit or loss in proportion to the remaining balance outstanding.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the companies 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 37 (2024 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 26,716 3,255,986 3,282,702
Additions - 780,692 780,692
Disposals - (476,775 ) (476,775 )
At 31 March 2025 26,716 3,559,903 3,586,619
DEPRECIATION
At 1 April 2024 26,716 1,126,374 1,153,090
Charge for year - 270,073 270,073
Eliminated on disposal - (198,283 ) (198,283 )
At 31 March 2025 26,716 1,198,164 1,224,880
NET BOOK VALUE
At 31 March 2025 - 2,361,739 2,361,739
At 31 March 2024 - 2,129,612 2,129,612

The net book value of tangible fixed assets includes £ 1,253,353 (2024 - £ 1,096,747 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 525,702 625,929
Amounts owed by group undertakings 31,334 -
Other debtors 93,649 73,425
650,685 699,354

E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 399,897 364,412
Hire purchase contracts (see note 8) 328,762 381,630
Trade creditors 386,571 512,907
Taxation and social security 113,137 123,198
Other creditors 147,100 56,804
1,375,467 1,438,951

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 10,000 62,500
Hire purchase contracts (see note 8) 509,344 250,591
519,344 313,091

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Gross obligations repayable:
Within one year 374,039 414,454
Between one and five years 584,875 287,527
958,914 701,981

Finance charges repayable:
Within one year 45,277 32,824
Between one and five years 75,531 36,936
120,808 69,760

Net obligations repayable:
Within one year 328,762 381,630
Between one and five years 509,344 250,591
838,106 632,221

Non-cancellable operating leases
2025 2024
£    £   
Within one year 86,351 331,975
Between one and five years 80,413 54,239
166,764 386,214

The hire purchase contracts relate to lorries and trailers. The remaining lease terms are due within five years. At the end of the lease, title of the assets passes to the company.

E.T. MORRIS & SONS LIMITED (REGISTERED NUMBER: 01330634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 349,897 314,412
Bank loans 60,000 112,500
409,897 426,912

There is a fixed and floating charge over the assets of the company in relation to the factoring facility.

There is an unlimited debenture from E T Morris & Sons Limited in relation to the Lloyds bank loan.

The hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3,360 Ordinary £1 3,360 3,360

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £74,429 (2024: £nil). The loan made from the director was unsecured, interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E.T. MORRIS & SONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E.T. Morris & Sons Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of E.T. Morris & Sons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E.T. Morris & Sons Limited and state those matters that we have agreed to state to the director of E.T. Morris & Sons Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that E.T. Morris & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E.T. Morris & Sons Limited. You consider that E.T. Morris & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E.T. Morris & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


19 June 2025