REGISTERED NUMBER: 08311904 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Morris Recycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Morris

REGISTERED OFFICE:

Unit 34 Coneygree Industrial Estate

Tipton

West Midlands

DY4 8XP

REGISTERED NUMBER:

08311904 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Tangible assets

4

1,107,175

1,157,706

CURRENT ASSETS

Stocks

120,665

128,925

Debtors

5

501,322

260,359

Cash at bank

78,137

124,084

700,124

513,368

CREDITORS

Amounts falling due within one year

6

1,077,577

602,414

NET CURRENT LIABILITIES

(377,453

)

(89,046

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,722

1,068,660

CREDITORS

Amounts falling due after more than one year

7

(251,974

)

(419,338

)

PROVISIONS FOR LIABILITIES

10

(53,064

)

(95,810

)

NET ASSETS

424,684

553,512

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

424,584

553,412

SHAREHOLDERS' FUNDS

424,684

553,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

A P Morris - Director

1.	STATUTORY INFORMATION

Morris Recycling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Government grants

Government grants are recognised at their fair value received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognised using the accruals model and where relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised as income for the period in which they become receivable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

1,636,496

217,291

3,084

1,856,871

Additions

84,000

-

916

84,916

At 30 November 2025

1,720,496

217,291

4,000

1,941,787

DEPRECIATION

At 1 December 2024

552,434

144,825

1,906

699,165

Charge for year

116,806

18,117

524

135,447

At 30 November 2025

669,240

162,942

2,430

834,612

NET BOOK VALUE

At 30 November 2025

1,051,256

54,349

1,570

1,107,175

At 30 November 2024

1,084,062

72,466

1,178

1,157,706

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

201,872

218,941

Other debtors

135,176

-

Prepayments

164,274

41,418

501,322

260,359

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

9,090

18,182

Hire purchase contracts (see note 8)

303,858

186,840

Trade creditors

587,875

226,415

Taxation and social security

80,733

100,682

Other creditors

96,021

70,295

1,077,577

602,414

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

9,090

Hire purchase contracts (see note 8)

251,974

410,248

251,974

419,338

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.25

30.11.24

£

£

Gross obligations repayable:

Within one year

373,965

236,549

Between one and five years

338,403

543,215

712,368

779,764

Finance charges repayable:

Within one year

70,107

49,709

Between one and five years

86,429

132,967

156,536

182,676

Net obligations repayable:

Within one year

303,858

186,840

Between one and five years

251,974

410,248

555,832

597,088

9.	SECURED DEBTS

National Westminster Bank Plc hold an all assets debenture containing a fixed and floating charge dated 15th October 2021.

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

53,064

95,810

Deferred

tax

£

Balance at 1 December 2024

95,810

Provided during year

(42,746

)

Balance at 30 November 2025

53,064

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

Debtors (including non interest bearing loans) as at 30th November 2025 include due from Drew Bob Limited £183,176, (2024 - £nil), due from Blue Logan Limited £50,000 (2024 - £nil) and due from Nimbus Storage Limited £9,000. (2024 - £nil)

Creditors (including non interest bearing loans) as at 30th November 2025 include due to Drew Bob Limited £111,250, (2024 - £41,000), due to Blue Logan Limited £194,800 (2024 - £20,400) and due to Nimbus Storage Limited £10,800. (2024 - £nil)

Morris Recycling Limited, Blue Logan Limited, Drew Bob Limited and Nimbus Storage Limited share common directors and shareholders.

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mr A P Morris as he owns all of the issued share capital.