REGISTERED NUMBER: 06572110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MORTON & JONES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K W Morton

J E Jones

T W Morton

A R Jones

REGISTERED OFFICE:

Unit D2

3&4 Bersham Enterpise Centre

Plas Grono Road

Wrexham

LL14 4EG

REGISTERED NUMBER:

06572110 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

17-19 Regent Street

Wrexham

LL11 1RN

FIXED ASSETS

Intangible assets

4

81,250

106,250

Tangible assets

5

1,033,924

943,756

1,115,174

1,050,006

CURRENT ASSETS

Stocks

6

371,053

367,503

Debtors

7

579,812

395,070

Cash at bank and in hand

483,641

330,186

1,434,506

1,092,759

CREDITORS

Amounts falling due within one year

8

629,006

420,182

NET CURRENT ASSETS

805,500

672,577

TOTAL ASSETS LESS CURRENT LIABILITIES

1,920,674

1,722,583

PROVISIONS FOR LIABILITIES

9

201,458

178,845

NET ASSETS

1,719,216

1,543,738

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,719,116

1,543,638

SHAREHOLDERS' FUNDS

1,719,216

1,543,738

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

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

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 Board of Directors and authorised for issue on 4th August 2025 and were signed on its behalf by:

K W Morton - Director

1.	STATUTORY INFORMATION

Morton & Jones 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.

The company's presentational currency is pounds sterling.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment / office

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's 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 60 (2024 - 57 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

500,000

AMORTISATION

At 1st April 2024

393,750

Amortisation for year

25,000

At 31st March 2025

418,750

NET BOOK VALUE

At 31st March 2025

81,250

At 31st March 2024

106,250

5.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1st April 2024

96,100

132,239

381,337

Additions

-

-

15,875

Disposals

-

-

(32,200

)

At 31st March 2025

96,100

132,239

365,012

DEPRECIATION

At 1st April 2024

-

4,674

252,414

Charge for year

-

-

47,992

Eliminated on disposal

-

-

(29,117

)

At 31st March 2025

-

4,674

271,289

NET BOOK VALUE

At 31st March 2025

96,100

127,565

93,723

At 31st March 2024

96,100

127,565

128,923

Fixtures

Computer

and

Motor

equipment

fittings

vehicles

/ office

Totals

£

£

£

£

COST

At 1st April 2024

9,610

1,379,663

83,729

2,082,678

Additions

9,597

404,120

10,034

439,626

Disposals

-

(98,830

)

-

(131,030

)

At 31st March 2025

19,207

1,684,953

93,763

2,391,274

DEPRECIATION

At 1st April 2024

9,422

798,307

74,105

1,138,922

Charge for year

964

282,865

6,175

337,996

Eliminated on disposal

-

(90,451

)

-

(119,568

)

At 31st March 2025

10,386

990,721

80,280

1,357,350

NET BOOK VALUE

At 31st March 2025

8,821

694,232

13,483

1,033,924

At 31st March 2024

188

581,356

9,624

943,756

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

184,053

172,503

Work-in-progress

187,000

195,000

371,053

367,503

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

551,088

384,097

Prepayments

28,724

10,973

579,812

395,070

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

212,755

114,313

Tax

44,819

171,783

Social security and other taxes

52,721

43,230

VAT

128,275

82,462

Other creditors

155,150

-

Accrued expenses

35,286

8,394

629,006

420,182

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

201,458

178,845

Deferred

tax

£

Balance at 1st April 2024

178,845

Movement in the year due to:

changes in tax allowances

22,613

changes in tax rates

Balance at 31st March 2025

201,458

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-

12.	ULTIMATE CONTROLLING PARTY