REGISTERED NUMBER: OC314839 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MORGAN WILLIAMS COMMERCIAL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R A Bates

Mrs E L Bates

REGISTERED OFFICE:

9 Springfield Street

Warrington

Cheshire

WA1 1BB

REGISTERED NUMBER:

OC314839 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,938

27,498

17,938

27,498

CURRENT ASSETS

Debtors

6

175,174

121,773

Cash at bank and in hand

4,008

8,537

179,182

130,310

CREDITORS

Amounts falling due within one year

7

110,885

60,519

NET CURRENT ASSETS

68,297

69,791

TOTAL ASSETS LESS CURRENT LIABILITIES

86,235

97,289

CREDITORS

Amounts falling due after more than one year

8

15,021

48,278

NET ASSETS ATTRIBUTABLE TO MEMBERS

71,214

49,011

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

71,214

49,011

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

71,214

49,011

Amounts due from members

6

(153,069

)

-

(81,855

)

49,011

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 October 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 October 2025 and were signed by:

R A Bates - Designated member

1.	STATUTORY INFORMATION

Morgan Williams Commercial LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 November 2023

and 31 October 2024

15,000

5,900

20,900

AMORTISATION

At 1 November 2023

and 31 October 2024

15,000

5,900

20,900

NET BOOK VALUE

At 31 October 2024

-

-

-

At 31 October 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2023

122,481

-

122,481

Additions

274

-

274

At 31 October 2024

122,755

-

122,755

DEPRECIATION

At 1 November 2023

94,984

(1

)

94,983

Charge for year

9,833

-

9,833

Eliminated on disposal

-

1

1

At 31 October 2024

104,817

-

104,817

NET BOOK VALUE

At 31 October 2024

17,938

-

17,938

At 31 October 2023

27,497

1

27,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

19,054

121,243

Amounts due from members

153,069

-

Other debtors

2,461

-

Prepayments and accrued income

590

530

175,174

121,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

58,637

19,742

Trade creditors

8,149

6,014

Social security and other taxes

407

1,048

VAT

38,415

28,492

Other creditors

277

222

Accruals and deferred income

5,000

5,001

110,885

60,519

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans - 1-2 years

15,021

-

Other creditors

-

48,278

15,021

48,278

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Members' capital classified as a liability

(285,658)

Loans from members

(224,283)

65,273

Amounts due to members in respect of profits

145,928

269,396

(78,355)

49,011

Amounts falling due within one year

(78,355)

49,011