REGISTERED NUMBER: 02280577 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Morrison & Masters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P N Riddle

Mrs C Riddle

Mr T P Hartshorn

REGISTERED OFFICE:

17/20 Commercial Road

Swindon

Wiltshire

SN1 5NS

REGISTERED NUMBER:

02280577 (England and Wales)

FIXED ASSETS

Intangible assets

5

18,960

35,210

Tangible assets

6

1,537

2,039

20,497

37,249

CURRENT ASSETS

Stocks

45,460

41,128

Debtors

7

165,877

175,544

Cash at bank and in hand

3,249

3,509

214,586

220,181

CREDITORS

Amounts falling due within one year

8

202,503

210,620

NET CURRENT ASSETS

12,083

9,561

TOTAL ASSETS LESS CURRENT LIABILITIES

32,580

46,810

CREDITORS

Amounts falling due after more than one year

9

-

(7,062

)

PROVISIONS FOR LIABILITIES

(374

)

(510

)

NET ASSETS

32,206

39,238

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

31,206

38,238

32,206

39,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

Mr P N Riddle - Director

Mrs C Riddle - Director

Mr T P Hartshorn - Director

1.	STATUTORY INFORMATION

Morrison & Masters 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.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill

-

5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

325,000

AMORTISATION

At 1 February 2025

289,790

Amortisation for year

16,250

At 31 January 2026

306,040

NET BOOK VALUE

At 31 January 2026

18,960

At 31 January 2025

35,210

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2025

and 31 January 2026

26,868

DEPRECIATION

At 1 February 2025

24,829

Charge for year

502

At 31 January 2026

25,331

NET BOOK VALUE

At 31 January 2026

1,537

At 31 January 2025

2,039

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

99,837

104,644

Other debtors

11,248

11,248

Prepayments and accrued income

54,792

59,652

165,877

175,544

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

57,019

69,328

Trade creditors

24,990

22,941

Tax

15,523

8,866

Social security and other taxes

587

369

VAT

7,318

14,181

Other creditors

60,270

58,652

CT61 Tax on Directors Loan

-

12,000

Directors' current accounts

24,332

12,199

Accruals and deferred income

12,464

12,084

202,503

210,620

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

7,062

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

48,645

48,491

The bank overdraft is secured by a floating charge over the company's assets.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

Mr P N Riddle

Balance outstanding at start of year

(100

)

(1,395

)

Amounts advanced

952

10,887

Amounts repaid

(852

)

(9,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(100

)

Mrs C Riddle

Balance outstanding at start of year

(100

)

(3,062

)

Amounts advanced

750

7,443

Amounts repaid

(650

)

(4,481

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(100

)

Mr T P Hartshorn

Balance outstanding at start of year

(12,000

)

(5,299

)

Amounts advanced

-

10,943

Amounts repaid

(12,332

)

(17,644

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(24,332

)

(12,000

)