Morgan & Jones Limited

Morgan & Jones Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	1,030,323	1,011,935
		1,030,323	1,011,935
Current assets
Stocks	5	149,949	122,324
Debtors: amounts falling due within one year	6	181,787	175,804
Investments	7	245,979	249,204
Cash at bank and in hand		592,121	602,659
		1,169,836	1,149,991
Creditors: amount falling due within one year	8	(789,991)	(761,235)
Net current assets		379,845	388,756

Total assets less current liabilities		1,410,168	1,400,691
Creditors: amount falling due after more than one year	9	(7,875)	(18,375)
Net assets		1,402,293	1,382,316

Capital and reserves
Called up share capital	10	80	80
Profit and loss account		1,402,213	1,382,236
Shareholders' funds		1,402,293	1,382,316

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 08 September 2026 and were signed on its behalf by:

-------------------------------
G O Jones
Director

Morgan & Jones Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Morgan & Jones Limited is a private company, limited by shares, registered in England and Wales, registration number 05484766, registration address Morfa, Llanrhystud, Ceredigion, SY23 5BU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

2.	Average number of employees Average number of employees during the year was 6 (2025 : 4).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2025	100,000	100,000
Additions	-	-
Disposals	-	-
At 31 March 2026	100,000	100,000
Amortisation
At 01 April 2025	100,000	100,000
Charge for year	-	-
On disposals	-	-
At 31 March 2026	100,000	100,000
Net book values
At 31 March 2026	-	-
At 31 March 2025	-	-

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Motor Vehicles	Total
	£	£	£	£
At 01 April 2025	636,177	1,007,905	69,146	1,713,228
Additions	-	128,003	-	128,003
Disposals	-	(31,927)	(20,250)	(52,177)
At 31 March 2026	636,177	1,103,981	48,896	1,789,054
Depreciation
At 01 April 2025	-	650,397	50,896	701,293
Charge for year	-	94,228	2,182	96,410
On disposals	-	(22,992)	(15,980)	(38,972)
At 31 March 2026	-	721,633	37,098	758,731
Net book values
Closing balance as at 31 March 2026	636,177	382,348	11,798	1,030,323
Opening balance as at 01 April 2025	636,177	357,508	18,250	1,011,935

Stocks

	2026 £	2025 £
Flock Account	40,399	24,099
Stocks	109,550	98,225
	149,949	122,324

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	127,887	173,007
Prepayments & Accrued Income	53,615	2,532
Other Debtors	285	265
	181,787	175,804

Investments

	2026 £	2025 £
Other Investments - Listed - Cost b/fwd	245,848	236,545
Other Investments - Listed - Additions	21,896	83,278
Other Investments - Listed - Disposals	(25,121)	(73,975)
Other Investments - Unlisted - Cost b/fwd	3,356	3,356
	245,979	249,204

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	110,237	32,825
Taxation & Social Security	83,449	76,748
Accrued & Deferred income	313,168	302,308
Other Creditors	1,486	69
Obligations under HP/Financial Leases	16,790	10,500
Directors' Current Accounts	264,861	338,785
	789,991	761,235

Creditors: amount falling due after more than one year

	2026 £		2025 £
Obligations Under HP/Financial Leases	7,875		18,375
	7,875		18,375

10.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
80 Class A shares of £1.00 each	80		80
	80		80

Registered Number: 05484766
England and Wales
MORGAN & JONES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026