REGISTERED NUMBER: SC057945 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A.Y.Morton and Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Margaret Morton

Alastair Morton

Kirsty Margaret Redfern

SECRETARY:

Margaret C F Morton

REGISTERED OFFICE:

The Old Station

Station Road

Strathaven

ML10 6BE

REGISTERED NUMBER:

SC057945 (Scotland)

ACCOUNTANTS:

MRA Business Services Limited

Chartered Accountants

2 & 6 Wellgatehead

Lanark

Lanarkshire

ML11 9AA

FIXED ASSETS

Tangible assets

4

73,577

105,189

CURRENT ASSETS

Stocks

319,678

315,749

Debtors

5

64,171

107,833

Cash at bank and in hand

84,811

47,857

468,660

471,439

CREDITORS

Amounts falling due within one year

6

371,157

330,910

NET CURRENT ASSETS

97,503

140,529

TOTAL ASSETS LESS CURRENT LIABILITIES

171,080

245,718

CREDITORS

Amounts falling due after more than one year

7

53,223

146,501

NET ASSETS

117,857

99,217

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Retained earnings

47,857

29,217

SHAREHOLDERS' FUNDS

117,857

99,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Alastair Morton - Director

1.	STATUTORY INFORMATION

A.Y.Morton and Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

-

15% 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.

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.

Research and development

Research and development costs are recognised in the profit and loss account as expenditure as and when they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

73,196

6,456

200,986

3,020

283,658

Additions

-

-

24,380

-

24,380

Disposals

-

-

(40,145

)

-

(40,145

)

At 31 December 2024

73,196

6,456

185,221

3,020

267,893

DEPRECIATION

At 1 January 2024

53,663

5,101

118,409

1,296

178,469

Charge for year

3,906

271

17,023

342

21,542

Eliminated on disposal

-

-

(5,695

)

-

(5,695

)

At 31 December 2024

57,569

5,372

129,737

1,638

194,316

NET BOOK VALUE

At 31 December 2024

15,627

1,084

55,484

1,382

73,577

At 31 December 2023

19,533

1,355

82,577

1,724

105,189

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

63,000

91,074

Other debtors

1,171

16,759

64,171

107,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

66,963

43,824

Hire purchase contracts

14,885

18,191

Trade creditors

268,470

259,746

Taxation and social security

20,839

9,149

371,157

330,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

20,684

61,880

Hire purchase contracts

9,698

21,981

Other creditors

22,841

62,640

53,223

146,501

8.	RELATED PARTY DISCLOSURES

Rents of £52,080 (2023 £52,080) were paid during the year to associated company Geco Scotland Limited.