Company No: 05753390 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	126,805		168,799
		126,805		168,799
Current assets
Debtors	4	270,877		315,113
Cash at bank and in hand		37,990		17,070
		308,867		332,183
Creditors: amounts falling due within one year	5	( 134,183)		( 234,187)
Net current assets		174,684		97,996
Total assets less current liabilities		301,489		266,795
Creditors: amounts falling due after more than one year	6	( 305,760)		( 177,168)
Provision for liabilities		11,780		4,057
Net assets		7,509		93,684
Capital and reserves
Called-up share capital	8	60		60
Profit and loss account		7,449		93,624
Total shareholders' funds		7,509		93,684

For the financial year ending 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of M A Morris Contractors Limited (registered number: 05753390) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

G Morris Director

18 September 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M A Morris Contractors Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2025	2,495		213,993		7,989		224,477
Additions	241		0		0		241
At 31 March 2026	2,736		213,993		7,989		224,718
Accumulated depreciation
At 01 April 2025	1,297		46,786		7,595		55,678
Charge for the financial year	334		41,802		99		42,235
At 31 March 2026	1,631		88,588		7,694		97,913
Net book value
At 31 March 2026	1,105		125,405		295		126,805
At 31 March 2025	1,198		167,207		394		168,799
Leased assets included above:
Net book value
At 31 March 2026	0		113,043		0		113,043
At 31 March 2025	0		150,723		0		150,723

4. Debtors

	2026		2025
	£		£
Trade debtors	36,256		111,389
Other debtors	234,621		203,724
	270,877		315,113

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	28,987		5,666
Trade creditors	16,647		16,704
Other taxation and social security	59,403		119,309
Obligations under finance leases and hire purchase contracts	12,250		12,250
Other creditors	16,896		80,258
	134,183		234,187

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	164,343		23,501
Obligations under finance leases and hire purchase contracts (secured)	141,417		153,667
	305,760		177,168

Net obligations under finance leases and hire purchase contracts are secured against the assets being financed.

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	4,057		( 3,800)
Credited to the Statement of Income and Retained Earnings	7,723		7,857
At the end of financial year	11,780		4,057

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
60 Ordinary shares of £ 1.00 each	60		60

9. Related party transactions

Transactions with the entity's directors

The company advanced £207,698 to the directors who repaid £186,298 during the year, leaving a balance at the year end of £86,554 owed by the directors (2025: £65,154). Interest has been charged in line with HMRC’s official interest rate.

10. Loans

Analysis of the maturity of loans is given below:

	2026		2025
	£		£
Loans due within 1 year	(41,237)		(59,229)
Loans falling due between 1-5 years	(305,760)		(177,168)
	(346,997)		(236,397)

11. Operating leases

Rental lease of vehicles

	2026		2025
	£		£
Falling due within 1 year	11,114		11,114
Falling due between 1-5 years	6,483		17,597
	17,597		28,711