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REGISTERED NUMBER: 08311904 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Morris Recycling Limited

Morris Recycling Limited (Registered number: 08311904)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morris Recycling Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A P Morris





REGISTERED OFFICE: Unit 34 Coneygree Industrial Estate
Tipton
West Midlands
DY4 8XP





REGISTERED NUMBER: 08311904 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Morris Recycling Limited (Registered number: 08311904)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157,706 1,191,117

CURRENT ASSETS
Stocks 128,925 129,275
Debtors 5 260,359 168,463
Cash at bank 124,084 195,401
513,368 493,139
CREDITORS
Amounts falling due within one year 6 602,414 396,551
NET CURRENT (LIABILITIES)/ASSETS (89,046 ) 96,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,660

1,287,705

CREDITORS
Amounts falling due after more than one
year

7

(419,338

)

(538,833

)

PROVISIONS FOR LIABILITIES 10 (95,810 ) (215,008 )
NET ASSETS 553,512 533,864

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 553,412 533,764
SHAREHOLDERS' FUNDS 553,512 533,864

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

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

Morris Recycling Limited (Registered number: 08311904)

Balance Sheet - continued
30 November 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 director and authorised for issue on 7 March 2025 and were signed by:





A P Morris - Director


Morris Recycling Limited (Registered number: 08311904)

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

1. STATUTORY INFORMATION

Morris Recycling 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.

Tangible fixed assets
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
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Government grants
Government grants are recognised at their fair value received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognised using the accruals model and where relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised as income for the period in which they become receivable.

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.


Morris Recycling Limited (Registered number: 08311904)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 32 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 1,539,046 217,291 2,616 1,758,953
Additions 117,450 - 468 117,918
Disposals (20,000 ) - - (20,000 )
At 30 November 2024 1,636,496 217,291 3,084 1,856,871
DEPRECIATION
At 1 December 2023 445,654 120,669 1,513 567,836
Charge for year 120,452 24,156 393 145,001
Eliminated on disposal (13,672 ) - - (13,672 )
At 30 November 2024 552,434 144,825 1,906 699,165
NET BOOK VALUE
At 30 November 2024 1,084,062 72,466 1,178 1,157,706
At 30 November 2023 1,093,392 96,622 1,103 1,191,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 218,941 129,435
Prepayments 41,418 39,028
260,359 168,463

Morris Recycling Limited (Registered number: 08311904)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 18,182 18,182
Hire purchase contracts (see note 8) 186,840 143,383
Trade creditors 226,415 143,187
Taxation and social security 100,682 38,079
Other creditors 70,295 53,720
602,414 396,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 9,090 27,272
Hire purchase contracts (see note 8) 410,248 511,561
419,338 538,833

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.24 30.11.23
£    £   
Gross obligations repayable:
Within one year 236,549 188,551
Between one and five years 543,215 683,106
779,764 871,657

Finance charges repayable:
Within one year 49,709 45,168
Between one and five years 132,967 171,545
182,676 216,713

Net obligations repayable:
Within one year 186,840 143,383
Between one and five years 410,248 511,561
597,088 654,944

9. SECURED DEBTS

National Westminster Bank Plc hold an all assets debenture containing a fixed and floating charge dated 15th October 2021.

Morris Recycling Limited (Registered number: 08311904)

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

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 95,810 215,008

Deferred
tax
£   
Balance at 1 December 2023 215,008
Provided during year (119,198 )
Balance at 30 November 2024 95,810

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 30th November 2024 include due to Drew Bob Limited £41,000, (2023 - £nil) and due to Blue Logan Limited £10,800. (2023 - £nil).

Morris Recycling Limited, Blue Logan Limited and Drew Bob Limited share common directors and shareholders.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mr A P Morris as he owns all of the issued share capital.