Company No: 06446726 (England and Wales)

Contents

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

DIRECTORS	Samuel Jack Morris
	Simon Morris

SECRETARY

Samuel Jack Morris

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

COMPANY NUMBER

06446726 (England and Wales)

ACCOUNTANT	Morrell Middleton Ltd
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	147,619		126,304
		147,619		126,304
Current assets
Stocks	5	8,000		6,000
Debtors	6	59,681		54,023
Cash at bank and in hand	7	254		797
		67,935		60,820
Creditors: amounts falling due within one year	8	( 81,139)		( 100,192)
Net current liabilities		(13,204)		(39,372)
Total assets less current liabilities		134,415		86,932
Creditors: amounts falling due after more than one year	9	( 134,192)		( 86,825)
Net assets		223		107
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		123		7
Total shareholders' funds		223		107

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 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 Simon Morris Transport Ltd (registered number: 06446726) were approved and authorised for issue by the Board of Directors on 07 September 2026. They were signed on its behalf by:

Simon Morris 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

Simon Morris Transport 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, Clifton Moor, York, YO30 4UZ, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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:

Goodwill

not amortised

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 etc.

20 % 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.

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 Statement of Income and Retained Earnings 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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	40,000		40,000
At 31 January 2026	40,000		40,000
Accumulated amortisation
At 01 February 2025	40,000		40,000
At 31 January 2026	40,000		40,000
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	219,763		219,763
Additions	65,466		65,466
Disposals	( 44,748)		( 44,748)
At 31 January 2026	240,481		240,481
Accumulated depreciation
At 01 February 2025	93,459		93,459
Charge for the financial year	26,746		26,746
Disposals	( 27,343)		( 27,343)
At 31 January 2026	92,862		92,862
Net book value
At 31 January 2026	147,619		147,619
At 31 January 2025	126,304		126,304

5. Stocks

	2026		2025
	£		£
Work in progress	8,000		6,000

6. Debtors

	2026		2025
	£		£
Trade debtors	11,718		20,209
Other debtors	47,963		33,814
	59,681		54,023

7. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	254		797
Less: Bank overdrafts	( 34,509)		( 46,908)
	(34,255)		(46,111)

8. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	42,181		53,886
Trade creditors	1,430		1,068
Taxation and social security	31,576		20,031
Obligations under finance leases and hire purchase contracts	4,967		21,510
Other creditors	985		3,697
	81,139		100,192

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

	2026		2025
	£		£
Bank loans	25,374		33,322
Obligations under finance leases and hire purchase contracts	108,818		53,503
	134,192		86,825

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
95 Ordinary A shares of £ 1.00 each	95		95
5 Ordinary B shares of £ 1.00 each	5		5
	100		100