C.J. Morton & Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02279382 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

C.J. MORTON & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D S Morton

C W Morton

C J Morton

REGISTERED OFFICE:

Brookfoot Mills

Elland Road,

Brighouse

West Yorkshire

HD6 2RW

REGISTERED NUMBER:

02279382 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor Offices, Unit A4

Old Power Way

Lowfields Business Park

Elland

HX5 9DE

FIXED ASSETS

Tangible assets

4

39,067

46,790

Investments

5

285,525

324,592

332,315

CURRENT ASSETS

Stocks

1,594

2,192

Debtors

6

140,929

150,377

Cash at bank and in hand

8,649

14,140

151,172

166,709

CREDITORS

Amounts falling due within one year

7

25,241

51,843

NET CURRENT ASSETS

125,931

114,866

TOTAL ASSETS LESS CURRENT
LIABILITIES

450,523

447,181

PROVISIONS FOR LIABILITIES

3,710

-

NET ASSETS

446,813

447,181

CAPITAL AND RESERVES

Called up share capital

10,000

Profit and loss account

436,813

437,181

446,813

447,181

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

C J Morton - Director

1.	STATUTORY INFORMATION

C.J. Morton & Company 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 16 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Long

Plant and

property

leasehold

machinery

£

COST

At 1 April 2024

1,000

15,000

73,074

212,911

Additions

-

630

Disposals

-

(7,600

)

At 31 March 2025

1,000

15,000

73,074

205,941

DEPRECIATION

At 1 April 2024

427

15,000

50,321

200,620

Charge for year

20

-

2,923

1,810

Eliminated on disposal

-

(6,751

)

At 31 March 2025

447

15,000

53,244

195,679

NET BOOK VALUE

At 31 March 2025

553

-

19,830

10,262

At 31 March 2024

573

-

22,753

12,291

Fixtures

and

Motor

Computer

fittings

vehicles

Equipment

Totals

£

COST

At 1 April 2024

20,144

26,470

58,407

407,006

Additions

-

630

Disposals

(655

)

(8,475

)

-

(16,730

)

At 31 March 2025

19,489

17,995

58,407

390,906

DEPRECIATION

At 1 April 2024

19,148

16,293

58,407

360,216

Charge for year

146

2,531

-

7,430

Eliminated on disposal

(635

)

(8,421

)

-

(15,807

)

At 31 March 2025

18,659

10,403

58,407

351,839

NET BOOK VALUE

At 31 March 2025

830

7,592

-

39,067

At 31 March 2024

996

10,177

-

46,790

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 1 April 2024

and 31 March 2025

285,176

349

285,525

NET BOOK VALUE

At 31 March 2025

285,176

349

285,525

At 31 March 2024

285,176

349

285,525

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

29,795

36,819

Amounts owed by group undertakings

110,300

110,962

Other debtors

834

2,596

140,929

150,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,380

4,611

Taxation and social security

13,573

14,832

Other creditors

10,288

32,400

25,241

51,843

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

8,292

1,857

Between one and five years

12,092

-

20,384

1,857

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,408 (2024: £10,324). Contributions totalling £nil (2024: £1,452) were payable to the fund at the year end and are included in creditors.

10.	OTHER FINANCIAL COMMITMENTS

The company has guaranteed bank borrowing of it subsidiary company via a debenture charge over the assets of the company.

11.	RELATED PARTY DISCLOSURES

At the year end the company held an other debtor balance of £176,557 (2024 : £185,819). These balances are in relation to companies in which a director is also a director and majority shareholder. During the year monies were transferred between the companies.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Directors.