REGISTERED NUMBER: 01113118 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Morleys Derby Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Clarke

Mrs C L Clarke

P D Clarke

C J Clarke

R E Clarke

SECRETARY:

Mrs C L Clarke

REGISTERED OFFICE:

250 Osmaston Road

Derby

DE23 8LB

REGISTERED NUMBER:

01113118 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

96,014

77,777

CURRENT ASSETS

Stocks

948,845

867,417

Debtors

5

749,206

478,756

Cash at bank

327,495

307,759

2,025,546

1,653,932

CREDITORS

Amounts falling due within one year

6

1,197,734

935,169

NET CURRENT ASSETS

827,812

718,763

TOTAL ASSETS LESS CURRENT LIABILITIES

923,826

796,540

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

918,826

791,540

SHAREHOLDERS' FUNDS

923,826

796,540

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 December 2025 and were signed on its behalf by:

D Clarke - Director

1.	STATUTORY INFORMATION

Morleys Derby 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.

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 represents net invoiced sales of goods during the year, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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

-

10% on reducing balance

Fixtures, fittings and equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost represents the invoiced cost of materials on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred upon completion.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a self administered scheme for its directors. It is a defined contribution scheme and contributions payable to the scheme are charged to profit or loss in the period to which they relate.

The company also operates a defined contribution pension scheme for its employees. Contributions payable to the 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 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

22,807

135,895

207,012

365,714

Additions

-

16,648

23,780

40,428

Disposals

-

-

(146,499

)

(146,499

)

At 30 June 2025

22,807

152,543

84,293

259,643

DEPRECIATION

At 1 July 2024

18,442

92,964

176,531

287,937

Charge for year

437

5,959

11,500

17,896

Eliminated on disposal

-

-

(142,204

)

(142,204

)

At 30 June 2025

18,879

98,923

45,827

163,629

NET BOOK VALUE

At 30 June 2025

3,928

53,620

38,466

96,014

At 30 June 2024

4,365

42,931

30,481

77,777

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

676,054

420,803

Other debtors

24,545

25,071

Prepayments

48,607

32,049

749,206

477,923

Amounts falling due after more than one year:

Other debtors

-

833

Aggregate amounts

749,206

478,756

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,014,351

777,596

Tax

108,436

94,999

Social security and other taxes

49,319

36,964

Other creditors

4,593

1,477

Directors' current accounts

7,081

13,552

Accrued expenses

13,954

10,581

1,197,734

935,169

7.	LEASING AGREEMENTS

The minimum lease payments or non-cancellable operating leases committed to be paid are £79,500 (2024 - £132,500).