Company registration number 02476134 (England and Wales)
MORCON FOUNDATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MORCON FOUNDATIONS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
MORCON FOUNDATIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 28 AUGUST 2025
28 August 2025
- 1 -
28 August 2025
28 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
318,780
Current assets
Stocks
254,692
306,031
Debtors
271,171
206,039
Cash at bank and in hand
43,929
527,864
569,792
1,039,934
Creditors: amounts falling due within one year
(71,174)
(126,145)
Net current assets
498,618
913,789
Total assets less current liabilities
498,618
1,232,569
Provisions for liabilities
-
0
(15,487)
Net assets
498,618
1,217,082
Capital and reserves
Called up share capital
5
75,000
75,000
Revaluation reserve
6
-
0
212,560
Profit and loss reserves
423,618
929,522
Total equity
498,618
1,217,082
MORCON FOUNDATIONS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 AUGUST 2025
28 August 2025
- 2 -

For the financial period ended 28 August 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 period 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
Mr D Bryan
Mr P S Morley
Director
Director
Company registration number 02476134 (England and Wales)
MORCON FOUNDATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Morcon Foundations Limited is a private company limited by shares incorporated in England and Wales. The registered office is HSKS Greenhalgh Ltd, Charlotte House, Stanier Way, The Wyvern Business Park, Derby, DE21 6BF.

1.1
Reporting period

The financial statements are presented for a period of 18 months from 1 March 2024 to 28 August 2025 due to the winding down of the business. Therefore the amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Basis of preparation

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

The company ceased on 30 June 2025 and therefore the financial statements have been prepared under the 'break-up' basis. Fixed assets have been reclassified to current assets and restated to the lower of cost or net realisable value on the grounds that the company is no longer trading and are available for sale in their current condition and current assets have been restated at recoverable amounts.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
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.

MORCON FOUNDATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -

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:

Freehold land and buildings
5% on valuation
Plant and equipment
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
20% on reducing balance
Improvements to property
5% on valuation

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.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MORCON FOUNDATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
20
20
MORCON FOUNDATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2025
- 6 -
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 March 2024
682,919
Additions
49,496
Disposals
(732,415)
At 28 August 2025
-
0
Depreciation and impairment
At 1 March 2024
364,139
Depreciation charged in the period
38,140
Eliminated in respect of disposals
(402,279)
At 28 August 2025
-
0
Carrying amount
At 28 August 2025
-
0
At 29 February 2024
318,780

The Royal Bank of Scotland hold a debenture and legal charge over the assets of the company including the freehold property.

5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
67,500
67,500
67,500
67,500
A Ordinary of £1 each
7,500
7,500
7,500
7,500
75,000
75,000
75,000
75,000
6
Revaluation reserve
2025
2024
£
£
At the beginning of the period
212,560
226,310
Other movements
(212,560)
(13,750)
At the end of the period
-
0
212,560
7
Directors' transactions

Dividends totalling £6,222 (2024 - £4,000) were paid in the period in respect of shares held by the company's directors.

2025-08-28 2024-03-01 false false false 17 March 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr D Bryan Mr P S Morley 02476134 2024-03-01 2025-08-28 02476134 2025-08-28 02476134 2024-02-29 02476134 core:ShareCapital 2025-08-28 02476134 core:ShareCapital 2024-02-29 02476134 core:RevaluationReserve 2025-08-28 02476134 core:RevaluationReserve 2024-02-29 02476134 core:RetainedEarningsAccumulatedLosses 2025-08-28 02476134 core:RetainedEarningsAccumulatedLosses 2024-02-29 02476134 core:ShareCapitalOrdinaryShareClass1 2025-08-28 02476134 core:ShareCapitalOrdinaryShareClass1 2024-02-29 02476134 core:ShareCapitalOrdinaryShareClass3 2025-08-28 02476134 core:ShareCapitalOrdinaryShareClass3 2024-02-29 02476134 core:ShareCapitalOrdinaryShares 2025-08-28 02476134 core:ShareCapitalOrdinaryShares 2024-02-29 02476134 core:RevaluationReserve 2024-02-29 02476134 core:RevaluationReserve 2023-02-28 02476134 bus:Director1 2024-03-01 2025-08-28 02476134 bus:Director2 2024-03-01 2025-08-28 02476134 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-01 2025-08-28 02476134 core:PlantMachinery 2024-03-01 2025-08-28 02476134 core:FurnitureFittings 2024-03-01 2025-08-28 02476134 core:MotorVehicles 2024-03-01 2025-08-28 02476134 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-03-01 2025-08-28 02476134 2023-03-01 2024-02-29 02476134 2024-02-29 02476134 bus:OrdinaryShareClass1 2024-03-01 2025-08-28 02476134 bus:OrdinaryShareClass3 2024-03-01 2025-08-28 02476134 bus:OrdinaryShareClass1 2025-08-28 02476134 bus:OrdinaryShareClass1 2024-02-29 02476134 bus:OrdinaryShareClass3 2025-08-28 02476134 bus:OrdinaryShareClass3 2024-02-29 02476134 bus:AllOrdinaryShares 2025-08-28 02476134 bus:AllOrdinaryShares 2024-02-29 02476134 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-08-28 02476134 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-08-28 02476134 bus:FRS102 2024-03-01 2025-08-28 02476134 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-08-28 02476134 bus:FullAccounts 2024-03-01 2025-08-28 xbrli:pure xbrli:shares iso4217:GBP