Morton Sporting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11664745

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		27,300		37,100
Tangible Assets	5		93,933		123,096

			121,233		160,196
CURRENT ASSETS
Debtors	6	162,380		63,814
Cash at bank and in hand		61,462		87,784

		223,842		151,598
Creditors: Amounts Falling Due Within One Year	7	(43,259 )		(24,989 )

NET CURRENT ASSETS (LIABILITIES)			180,583		126,609

TOTAL ASSETS LESS CURRENT LIABILITIES			301,816		286,805

Creditors: Amounts Falling Due After More Than One Year	8		-		(14,991 )

NET ASSETS			301,816		271,814

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			301,806		271,804

SHAREHOLDERS' FUNDS			301,816		271,814

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Morton Sporting Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Adam Morton

Director

28 April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Morton Sporting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11664745 . The registered office is Sundial House, Plawsworth, Chester Le Street, Durham, DH2 3LD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Leasehold	SL 10%
Plant & Machinery	RB 20%
Motor Vehicles	RB 20%
Fixtures & Fittings	RB 20%
Computer Equipment	SL 20%

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Morton Sporting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	98,000

As at 31 January 2026	98,000

Amortisation
As at 1 February 2025	60,900
Provided during the period	9,800

As at 31 January 2026	70,700

Net Book Value
As at 31 January 2026	27,300

As at 1 February 2025	37,100

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Morton Sporting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	37,188	153,809	4,445	7,438	202,880
Additions	808	-	-	1,333	2,141
Disposals	(5,705 )	(17,915 )	(4,300 )	-	(27,920 )

As at 31 January 2026	32,291	135,894	145	8,771	177,101

Depreciation
As at 1 February 2025	20,320	52,270	2,646	4,548	79,784
Provided during the period	3,013	19,735	8	1,310	24,066
Disposals	(3,094 )	(15,049 )	(2,539 )	-	(20,682 )

As at 31 January 2026	20,239	56,956	115	5,858	83,168

Net Book Value
As at 31 January 2026	12,052	78,938	30	2,913	93,933

As at 1 February 2025	16,868	101,539	1,799	2,890	123,096

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	33,973	56,219
Other debtors	128,407	7,595

	162,380	63,814

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	426
Trade creditors	899	3,500
Bank loans and overdrafts	7,924	-
Other creditors	2,935	10,973
Taxation and social security	31,501	10,090

	43,259	24,989

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

	2026	2025
	£	£
Bank loans	-	14,991

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Morton Sporting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	426

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

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