Stuart Morris Textiles Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 2862312

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		112,660		71,720

			112,660		71,720
CURRENT ASSETS
Stocks	5	191,928		182,354
Debtors	6	562,595		470,530
Cash at bank and in hand		174,983		191,400

		929,506		844,284
Creditors: Amounts Falling Due Within One Year	7	(250,016 )		(203,108 )

NET CURRENT ASSETS (LIABILITIES)			679,490		641,176

TOTAL ASSETS LESS CURRENT LIABILITIES			792,150		712,896

Creditors: Amounts Falling Due After More Than One Year	8		-		(4,102 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(24,785 )		(82,829 )

NET ASSETS			767,365		625,965

CAPITAL AND RESERVES
Called up share capital	9		50,000		50,000
Profit and Loss Account			717,365		575,965

SHAREHOLDERS' FUNDS			767,365		625,965

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Stuart Morris Textiles Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Stuart Morris

Director

01/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stuart Morris Textiles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 2862312 . The registered office is Hilltop Print Studio, Crockatt Road, Hadleigh, Suffolk, IP7 7NN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2024: 24)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2024	851,634
Additions	86,308

As at 31 August 2025	937,942

...CONTINUED

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Stuart Morris Textiles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Depreciation
As at 1 September 2024	779,914
Provided during the period	45,368

As at 31 August 2025	825,282

Net Book Value
As at 31 August 2025	112,660

As at 1 September 2024	71,720

5. Stocks

	2025	2024
	£	£
Stock	191,928	182,354

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	132,428	38,040
Other debtors	30,167	32,490

	162,595	70,530
Due after more than one year
Other debtors	400,000	400,000

	562,595	470,530

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	147,434	82,441
Bank loans and overdrafts	6,013	-
Corporation tax	57,572	29,982
Other taxes and social security	31,500	30,689
Other creditors	(403 )	33,900
Accruals and deferred income	7,500	26,096
Director's loan account	400	-

	250,016	203,108

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	4,102

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Stuart Morris Textiles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

10. Related Party Transactions

During the year the Land & Building were transferred, at market value, to Stuart Morris Design Ltd an associated company of Stuart Morris Textiles Limited boith owned by Stuart Morris (Holidings) Ltd.

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