Morgan Jones & Pett Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06236869

Morgan Jones & Pett Limited

Unaudited financial statements

For the year ended

30 April 2025

Morgan Jones & Pett Limited

Statement of financial position

30 April 2025

	2025		2024
Note	£	£	£	£

Current assets

Debtors	6	25,997	63,417
Cash at bank and in hand		19,332	5,287
		-------	-------
		45,329	68,704

Creditors: Amounts falling due within one year	7	( 12,752)		( 9,243)
		-------		-------
Net current assets			32,577		59,461
			-------		-------
Total assets less current liabilities			32,577		59,461

Accruals and deferred income	( 2,340)	( 4,966)
	-------	-------
Net assets	30,237	54,495
	-------	-------

Capital and reserves

Called up share capital	8	125	125
Profit and loss account		30,112	54,370
		-------	-------
Shareholders funds		30,237	54,495
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Mr D Jones	Ms S Westwood
Director	Director

Company registration number: 06236869

Morgan Jones & Pett Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 69-75 Thorpe Road, Norwich, Norfolk, NR1 1UA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 May 2024 and 30 April 2025	630,000
	---------
Amortisation
At 1 May 2024 and 30 April 2025	630,000
	---------
Carrying amount
At 30 April 2025	–
	---------
At 30 April 2024	–
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	5,850	2,183
Directors loan account	18,734	53,833
Amounts recoverable on contracts	1,413	7,401
	-------	-------
	25,997	63,417
	-------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,541	–
Social security and other taxes	7,211	9,243
	-------	------
	12,752	9,243
	-------	------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	50	50	50	50
Ordinary B shares of £ 1 each	50	50	50	50
Ordinary C shares of £ 1 each	25	25	25	25
	----	----	----	----
	125	125	125	125
	----	----	----	----

9. Directors' advances, credits and guarantees

Total advances in the year were £19,902 and total repayments were £55,001. Interest of £765 (2024: £1,504) was charged on the directors' loans. The balance at the year end owing by the directors was £18,734 (2024: £53,833).