Company registration number 03047066 (England and Wales)
MOREY SMITH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
MOREY SMITH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MOREY SMITH LIMITED (REGISTERED NUMBER: 03047066)
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
44,160
12,585
Current assets
Debtors
4
862,180
937,759
Cash at bank and in hand
52,018
560,227
914,198
1,497,986
Creditors: amounts falling due within one year
5
(778,876)
(960,091)
Net current assets
135,322
537,895
Total assets less current liabilities
179,482
550,480
Provisions for liabilities
(7,417)
(1,278)
Net assets
172,065
549,202
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
171,965
549,102
Total equity
172,065
549,202

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 January 2026 and are signed on its behalf by:
L Morey-Burrows
Director
MOREY SMITH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Morey Smith Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Marshalsea Road, London, SE1 1HF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for architectural design services, excluding value added tax, and is recognised as services are provided to the customer.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
50% on cost
Plant and machinery
25% on cost
Fixtures, fittings & equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

As lessor
MOREY SMITH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
32
29
3
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 May 2024
486,206
344,762
321,683
1,152,651
Additions
27,380
22,039
1,237
50,656
At 30 April 2025
513,586
366,801
322,920
1,203,307
Depreciation and impairment
At 1 May 2024
486,206
332,177
321,683
1,140,066
Depreciation charged in the year
6,845
11,927
309
19,081
At 30 April 2025
493,051
344,104
321,992
1,159,147
Carrying amount
At 30 April 2025
20,535
22,697
928
44,160
At 30 April 2024
-
0
12,585
-
0
12,585
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
745,144
818,614
Other debtors
117,036
119,145
862,180
937,759
MOREY SMITH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
133,980
145,780
Taxation and social security
400,929
361,832
Other creditors
243,967
452,479
778,876
960,091
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
282,967
499,793
As lessor - operating leases

Operating lease income represent s office rental of £2,500 per quarter to a connected company.

7
Related party transactions

During the year, Morey Smith Limited paid rent totalling £143,174 (2024: £212,000) to Morey Smith Retirement Benefit Scheme.

During the year Morey Smith Limited gifted £1,830,769 (2024: £887,179) to the Morey Smith Employee Ownership Trust which owns 100% of Morey Smith Limited. Further information is provided in note 8.

8
Employee Ownership Trust

On 5 September 2018 the entire issued share capital of the company was acquired by the Morey Smith Employee Ownership Trust ("the trust"). The Trust holds the shares for the future benefit of the company's employees.

The Trust acquired the share capital of Morey Smith Limited for £16,000,000. As at the balance sheet date, the remaining balance outstanding was £5,885,007, this is anticipated to be payable over 4-6 years.

2025-04-30 2024-05-01 false false false 19 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity L Morey-Burrows A J McCann P E Morey-Burrows 03047066 2024-05-01 2025-04-30 03047066 2025-04-30 03047066 2024-04-30 03047066 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-30 03047066 core:PlantMachinery 2025-04-30 03047066 core:FurnitureFittings 2025-04-30 03047066 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 03047066 core:PlantMachinery 2024-04-30 03047066 core:FurnitureFittings 2024-04-30 03047066 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 03047066 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03047066 core:WithinOneYear 2025-04-30 03047066 core:WithinOneYear 2024-04-30 03047066 core:CurrentFinancialInstruments 2025-04-30 03047066 core:CurrentFinancialInstruments 2024-04-30 03047066 core:ShareCapital 2025-04-30 03047066 core:ShareCapital 2024-04-30 03047066 core:RetainedEarningsAccumulatedLosses 2025-04-30 03047066 core:RetainedEarningsAccumulatedLosses 2024-04-30 03047066 bus:Director1 2024-05-01 2025-04-30 03047066 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03047066 core:PlantMachinery 2024-05-01 2025-04-30 03047066 core:FurnitureFittings 2024-05-01 2025-04-30 03047066 2023-05-01 2024-04-30 03047066 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 03047066 core:PlantMachinery 2024-04-30 03047066 core:FurnitureFittings 2024-04-30 03047066 2024-04-30 03047066 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03047066 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03047066 bus:FRS102 2024-05-01 2025-04-30 03047066 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 03047066 bus:Director2 2024-05-01 2025-04-30 03047066 bus:CompanySecretary1 2024-05-01 2025-04-30 03047066 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP