1 October 2024 false No description of principal activity Taxfiler 2024.6 07372584 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 07372584 2024-09-30 07372584 2024-10-01 2025-09-30 07372584 business:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 07372584 business:FilletedAccounts 2024-10-01 2025-09-30 07372584 2025-09-30 07372584 business:Director1 2024-10-01 2025-09-30 07372584 business:Director2 2024-10-01 2025-09-30 07372584 business:RegisteredOffice 2024-10-01 2025-09-30 07372584 2024-09-30 07372584 core:WithinOneYear 2025-09-30 07372584 core:WithinOneYear 2024-09-30 07372584 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 07372584 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 07372584 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 07372584 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 07372584 core:PreviouslyStatedAmount 2025-09-30 07372584 core:PreviouslyStatedAmount 2024-09-30 07372584 business:SmallEntities 2024-10-01 2025-09-30 07372584 countries:EnglandWales 2024-10-01 2025-09-30 07372584 core:PlantMachinery 2024-10-01 2025-09-30 07372584 core:ComputerEquipment 2024-10-01 2025-09-30 07372584 core:PlantMachinery 2024-09-30 07372584 core:PlantMachinery 2025-09-30 07372584 core:BetweenOneFiveYears 2025-09-30 07372584 core:BetweenOneFiveYears 2024-09-30 07372584 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07372584 (England and Wales)
Howard Morley & Sons Limited Unaudited accounts for the year ended 30 September 2025
Howard Morley & Sons Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Howard Morley & Sons Limited Company Information for the year ended 30 September 2025
Directors
N Charnock E Charnock
Company Number
07372584 (England and Wales)
Registered Office
276 High Street Guildford Surrey GU1 3JL United Kingdom
- 3 -
Howard Morley & Sons Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,360
11,911
Current assets
Debtors
5
376,775
364,659
Cash at bank and in hand
52,984
36,315
429,759
400,974
Creditors: amounts falling due within one year
6
(189,779)
(174,353)
Net current assets
239,980
226,621
Net assets
248,340
238,532
Capital and reserves
Called up share capital
1
1
Profit and loss account
248,339
238,531
Shareholders' funds
248,340
238,532
For the year ending 30 September 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by
N Charnock Director Company Registration No. 07372584
- 4 -
Howard Morley & Sons Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Howard Morley & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 07372584. The registered office is 276 High Street, Guildford, Surrey, GU1 3JL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents fees receivable in respect of letting and management services. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
25% straight line
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
- 5 -
Howard Morley & Sons Limited Notes to the Accounts for the year ended 30 September 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's intangible and tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 5) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 October 2024
31,846
Additions
208
At 30 September 2025
32,054
Depreciation
At 1 October 2024
19,935
Charge for the year
3,759
At 30 September 2025
23,694
Net book value
At 30 September 2025
8,360
At 30 September 2024
11,911
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
964
55,652
Amounts due from group undertakings etc.
358,641
287,945
Accrued income and prepayments
17,144
19,895
Other debtors
26
1,167
376,775
364,659
- 6 -
Howard Morley & Sons Limited Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
40,196
42,869
Trade creditors
22,446
19,449
Taxes and social security
45,979
28,922
Other creditors
1,158
3,113
Accruals
80,000
80,000
189,779
174,353
7
Operating lease commitments
2025
2024
£
£
At 30 September 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
52,000
52,000
Later than one year and not later than five years
91,000
143,000
143,000
195,000
8
Transactions with related parties
The company has taken advantage of the exemption available in Section 33.1A of FRS 102 not to disclose transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
9
Controlling party
The immediate parent and controlling party of the company is HMS23 Ltd.
10
Average number of employees
During the year the average number of employees was 7 (2024: 7).
- 7 -