Registration number: 12629809

Peter McMorris Consulting Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Peter McMorris Consulting Ltd

Company Information

Directors

Mr P McMorris Mrs J M McMorris

Registered office

Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants

Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Peter McMorris Consulting Ltd

(Registration number: 12629809)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	25	25
Tangible assets	5	54,650	55,326
		54,675	55,351
Current assets
Debtors	6	118,682	50,997
Cash at bank and in hand		78,331	193,979
		197,013	244,976
Creditors: Amounts falling due within one year	7	(20,106)	(52,939)
Net current assets		176,907	192,037
Total assets less current liabilities		231,582	247,388
Creditors: Amounts falling due after more than one year	7	(38,204)	(46,013)
Net assets		193,378	201,375
Capital and reserves
Called up share capital	8	2	2
Retained earnings		193,376	201,373
Shareholders' funds		193,378	201,375

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:
 

Peter McMorris Consulting Ltd

(Registration number: 12629809)
Balance Sheet as at 31 May 2025

......................................... Mr P McMorris Director

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
England

These financial statements were authorised for issue by the Board on 13 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 June 2024	25	25
At 31 May 2025	25	25
Amortisation
Carrying amount
At 31 May 2025	25	25
At 31 May 2024	25	25

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	5,461	61,832	67,293
Additions	2,610	-	2,610
At 31 May 2025	8,071	61,832	69,903
Depreciation
At 1 June 2024	4,776	7,191	11,967
Charge for the year	554	2,732	3,286
At 31 May 2025	5,330	9,923	15,253
Carrying amount
At 31 May 2025	2,741	51,909	54,650
At 31 May 2024	685	54,641	55,326

6

Debtors

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Current	2025 £	2024 £
Trade debtors	-	34,399
Prepayments	3	360
Other debtors	118,679	16,238
	118,682	50,997

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	711	300
Taxation and social security	19,395	52,639
	20,106	52,939

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		38,204	46,013

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A share of £1 each	1	1	1	1
Ordinary B share of £1 each	1	1	1	1
	2	2	2	2

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £62,000.00 (2024 - £77,000.00) per each Ordinary A share		62,000		77,000
Interim dividend of £10,000.00 (2024 - £1,000.00) per each Ordinary B share		10,000		1,000
		72,000		78,000

Peter McMorris Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

10	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	9,100	9,100

Loans from related parties

2025	Key management £	Total £
At start of period	9,506	9,506
Advanced	108,305	108,305
At end of period	117,811	117,811

2024	Key management £	Total £
At start of period	(1)	(1)
Advanced	9,507	9,507
At end of period	9,506	9,506

Terms of loans from related parties

This director loan balance is owed to the company by the director; 0% interest, no fixed repayment period.