Company No: 04354929 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Abridged Financial Statements

DIRECTORS	Sarah Elizabeth Hogg
	Natasha Louise Morrell
	Stephen Jonathan Morrell

SECRETARY

Stephen Jonathan Morrell

REGISTERED OFFICE	Wellington House
	Aviator Court
	York
	YO30 4UZ
	United Kingdom

COMPANY NUMBER

04354929 (England and Wales)

ACCOUNTANT	Morrell Middleton Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	5	290,205		315,488
Investments	6	166,712		816,712
		456,917		1,132,200
Current assets
Stocks	7	206,668		241,668
Debtors
- due within one year		177,953		196,106
- due after more than one year		1,202,000		0
Cash at bank and in hand		( 63,773)		( 35,240)
		1,522,848		402,534
Creditors: amounts falling due within one year		( 232,748)		( 138,851)
Net current assets		1,290,100		263,683
Total assets less current liabilities		1,747,017		1,395,883
Creditors: amounts falling due after more than one year		( 1,625,238)		( 1,284,771)
Net assets		121,779		111,112
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		121,679		111,012
Total shareholder's funds		121,779		111,112

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Profit and Loss Account has not been delivered;
• The member of Morrell Middleton Ltd has consented to the preparation of the abridged financial statements for the financial year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of Morrell Middleton Ltd (registered number: 04354929) were approved and authorised for issue by the Board of Directors on 28 October 2026. They were signed on its behalf by:

Stephen Jonathan Morrell Director

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

Morrell Middleton Ltd (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 Wellington House, Aviator Court, York, YO30 4UZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 goods and 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 Balance Sheet date.

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:

Intangible assets

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:

Tangible assets

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Interest payable

	2026		2025
	£		£
Interest payable and similar expenses	142,948		77,995

4. Intangible assets

	Total
	£
Cost
At 01 February 2025	611,869
At 31 January 2026	611,869
Accumulated amortisation
At 01 February 2025	611,869
At 31 January 2026	611,869
Net book value
At 31 January 2026	0
At 31 January 2025	0

5. Tangible assets

	Total
	£
Cost
At 01 February 2025	671,503
Additions	37,513
At 31 January 2026	709,016
Accumulated depreciation
At 01 February 2025	356,015
Charge for the financial year	62,795
At 31 January 2026	418,811
Net book value
At 31 January 2026	290,205
At 31 January 2025	315,488

6. Fixed asset investments

Investments in subsidiaries

	2026
	£
Carrying value at 31 January 2026	166,712
Carrying value at 31 January 2025	816,712

7. Stocks

	2026		2025
	£		£
Work in progress	206,668		241,668

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100