REGISTERED NUMBER: 09914880 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

The Morris Direct Group Ltd

Previously known as

LED First Choice Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K R Morris

REGISTERED OFFICE:

Unit 4a Thornleigh Trading Estate

Dudley

West Midlands

DY2 8UB

REGISTERED NUMBER:

09914880 (England and Wales)

FIXED ASSETS

Tangible assets

4

84,220

67,994

CURRENT ASSETS

Stocks

325,708

275,160

Debtors

10,053

18,049

Cash at bank and in hand

173,989

38,189

509,750

331,398

CREDITORS

Amounts falling due within one year

281,423

148,810

NET CURRENT ASSETS

228,327

182,588

TOTAL ASSETS LESS CURRENT LIABILITIES

312,547

250,582

CREDITORS

Amounts falling due after more than one year

(57,754

)

(17,964

)

PROVISIONS FOR LIABILITIES

6

(16,002

)

(12,919

)

NET ASSETS

238,791

219,699

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

238,691

219,599

SHAREHOLDERS' FUNDS

238,791

219,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 June 2026 and were signed by:

Mr K R Morris - Director

1.	STATUTORY INFORMATION

The Morris Direct Group Ltd 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.

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.

The financial statements are prepared in Pound Sterling (£) and are rounded to the nearest pound.

The financial statements are prepared on the going concern basis.

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

-

15% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Changes in accounting estimates

During the year, the company reassessed the pattern of consumption of economic benefits for its motor vehicles. As a result, the depreciation method was changed from the straight-line method (25% per annum) to the reducing balance method (25% per annum) with effect from 1 January 2025.

This change is considered a change in accounting estimate under FRS 102 Section 10 and has been applied prospectively. The new method better reflects the diminishing utility of these assets.

The effect of this change in the current financial year is:

Depreciation expense in the Profit and Loss account is £2,771 lower than it would have been under the previous straight-line method.

Carrying amount of tangible fixed assets (Motor Vehicles) is £2,771 higher than it would have been under the previous method.

The change will reduce the depreciation charge in future periods compared to the straight-line method, although it is not practicable to estimate the precise effect on future periods.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

96,866

Additions

50,847

Disposals

(24,036

)

At 31 December 2025

123,677

DEPRECIATION

At 1 January 2025

28,872

Charge for year

10,585

At 31 December 2025

39,457

NET BOOK VALUE

At 31 December 2025

84,220

At 31 December 2024

67,994

Included within motor vehicles are assets held on hire purchase with a net book value of £51,885 (2024 - £7,917) and a depreciation charge of £2,957 (2024 - £4,750).

5.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

1,365

21,392

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

1,314

6.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

16,002

12,919

Deferred

tax

£

Balance at 1 January 2025

12,919

Provided during year

3,083

Balance at 31 December 2025

16,002

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary Shares

£1

100

100