REGISTERED NUMBER: 08962173 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Morley & Co (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Morley FCA,

P King FCCA

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

08962173 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

149,652

47,734

CURRENT ASSETS

Stocks

3,621

3,621

Debtors

5

515,108

551,659

Cash at bank

266,302

510,490

785,031

1,065,770

CREDITORS

Amounts falling due within one year

6

264,397

294,780

NET CURRENT ASSETS

520,634

770,990

TOTAL ASSETS LESS CURRENT LIABILITIES

670,286

818,724

CREDITORS

Amounts falling due after more than one year

7

19,167

27,489

NET ASSETS

651,119

791,235

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

650,119

790,235

SHAREHOLDERS' FUNDS

651,119

791,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

P King FCCA - Director

1.	STATUTORY INFORMATION

Morley & Co (UK) Ltd 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

Turnover represents amounts charged to clients for the provision of professional services that have been provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is secured, except where the final outcome cannot be assessed with reasonable certainty. Unbilled fee income on individual assignments is included as 'Amounts recoverable on contracts' within debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short Leasehold - Over 10 years

Fixtures & Fittings - 20% on cost

Computer Equipment - 20% on cost

Motor Vehicles - 25% 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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

18,531

49,963

-

41,646

110,140

Additions

-

3,790

91,367

9,384

104,541

Disposals

-

(11,458

)

-

(14,998

)

(26,456

)

At 30 April 2025

18,531

42,295

91,367

36,032

188,225

DEPRECIATION

At 1 May 2024

5,559

24,881

-

31,966

62,406

Charge for year

1,853

7,701

-

5,572

15,126

Eliminated on disposal

-

(16,603

)

-

(22,356

)

(38,959

)

At 30 April 2025

7,412

15,979

-

15,182

38,573

NET BOOK VALUE

At 30 April 2025

11,119

26,316

91,367

20,850

149,652

At 30 April 2024

12,972

25,082

-

9,680

47,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

152,328

115,368

Amounts recoverable on contract

121,605

121,877

Other debtors

241,175

314,414

515,108

551,659

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,960

3,375

Taxation and social security

172,009

207,534

Other creditors

89,428

83,871

264,397

294,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

19,167

27,489