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REGISTERED NUMBER: 02066683 (England and Wales)


























Financial Statements

for the Year Ended 30 September 2024

for

C S Morphet And Sons Limited

C S Morphet And Sons Limited (Registered number: 02066683)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


C S Morphet And Sons Limited (Registered number: 02066683)

Abridged Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,044 161,712

CURRENT ASSETS
Stocks 12,866 965
Debtors 97,819 254,809
Cash at bank 186,849 33,440
297,534 289,214
CREDITORS
Amounts falling due within one year 309,620 284,419
NET CURRENT (LIABILITIES)/ASSETS (12,086 ) 4,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,958

166,507

PROVISIONS FOR LIABILITIES 41,636 32,994
NET ASSETS 141,322 133,513

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 58,615 58,615
Retained earnings 82,607 74,798
SHAREHOLDERS' FUNDS 141,322 133,513

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 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.

C S Morphet And Sons Limited (Registered number: 02066683)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 June 2025 and were signed on its behalf by:





C S Morphet - Director


C S Morphet And Sons Limited (Registered number: 02066683)

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

1. STATUTORY INFORMATION

C S Morphet And Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02066683

Registered office: 28 Rodney Street
Liverpool
L1 2TQ

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.

The company`s current liabilities exceed its current assets by £ 12,086. In view of the known income stream for the forthcoming twelve months the Directors consider it appropriate to prepare these financial statements on the going concern basis.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Commercial vehicles - 25% on 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 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.

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.

C S Morphet And Sons Limited (Registered number: 02066683)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 1,384,669
Additions 76,137
At 30 September 2024 1,460,806
DEPRECIATION
At 1 October 2023 1,222,957
Charge for year 42,805
At 30 September 2024 1,265,762
NET BOOK VALUE
At 30 September 2024 195,044
At 30 September 2023 161,712

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 6,983 6,983

6. CONTINGENT LIABILITIES

The company is party to an unlimited multilateral guarantee dated 12 February 1993 in favour of HSBC UK Bank plc, in respect of the bank borrowings of West Pennine Pig Producers Limited and Phythians (Cronton) Limited. The maximum potential liability in relation to this guarantee at 30 September 2024 was Nil (2023: Nil).