REGISTERED NUMBER: 01900548 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

V MORTON & SONS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D S Case

S A Case

SECRETARY:

S A Case

REGISTERED OFFICE:

705 Bristol Road South

Northfield

BIRMINGHAM

B31

2JT

REGISTERED NUMBER:

01900548 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of V Morton & Sons Limited for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of V Morton & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of V Morton & Sons Limited and state those matters that we have agreed to state to the Board of Directors of V Morton & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than V Morton & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that V Morton & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of V Morton & Sons Limited. You consider that V Morton & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of V Morton & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

17th November 2025

FIXED ASSETS

Tangible assets

4

1,896,623

2,023,568

CURRENT ASSETS

Stocks

45,890

60,911

Debtors

5

270,116

206,895

Cash at bank and in hand

146,025

61,012

462,031

328,818

CREDITORS

Amounts falling due within one year

6

545,221

491,023

NET CURRENT LIABILITIES

(83,190

)

(162,205

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,813,433

1,861,363

CREDITORS

Amounts falling due after more than one year

7

(212,534

)

(245,155

)

PROVISIONS FOR LIABILITIES

(180,764

)

(198,648

)

NET ASSETS

1,420,135

1,417,560

CAPITAL AND RESERVES

Called up share capital

6,010

6,010

Retained earnings

1,414,125

1,411,550

SHAREHOLDERS' FUNDS

1,420,135

1,417,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th November 2025 and were signed on its behalf by:

D S Case - Director

S A Case - Director

1.	STATUTORY INFORMATION

V Morton & Sons 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Fixtures,fittings & catering equipment

-

at variable rates on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,fittings

Freehold

& catering

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st April 2024

900,000

322,665

1,970,282

23,189

3,216,136

Additions

-

2,785

89,824

4,776

97,385

Disposals

-

(5,719

)

(12,000

)

(3,300

)

(21,019

)

At 31st March 2025

900,000

319,731

2,048,106

24,665

3,292,502

DEPRECIATION

At 1st April 2024

37,885

208,088

932,702

13,893

1,192,568

Charge for year

18,762

18,062

174,677

4,376

215,877

Eliminated on disposal

-

(5,719

)

(3,547

)

(3,300

)

(12,566

)

At 31st March 2025

56,647

220,431

1,103,832

14,969

1,395,879

NET BOOK VALUE

At 31st March 2025

843,353

99,300

944,274

9,696

1,896,623

At 31st March 2024

862,115

114,577

1,037,580

9,296

2,023,568

Cost or valuation at 31st March 2025 is represented by:

Fixtures,fittings

Freehold

& catering

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2003

108,353

-

-

-

108,353

Valuation in 2006

27,314

-

-

-

27,314

Valuation in 2009

279,698

-

-

-

279,698

Valuation in 2013

278,394

-

-

-

278,394

Valuation in 2017

(421,164

)

-

-

-

(421,164

)

Valuation in 2022

(128,904

)

-

-

-

(128,904

)

Cost

756,309

319,731

2,048,106

24,665

3,148,811

900,000

319,731

2,048,106

24,665

3,292,502

Freehold land and buildings were valued on an open market value basis on 30th May 2022 by GJS Dillon .

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

756,309

756,309

Aggregate depreciation

374,256

360,315

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1st April 2024

544,702

Transfer to ownership

(401,800

)

At 31st March 2025

142,902

DEPRECIATION

At 1st April 2024

230,424

Charge for year

26,675

Transfer to ownership

(220,897

)

At 31st March 2025

36,202

NET BOOK VALUE

At 31st March 2025

106,700

At 31st March 2024

314,278

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

173,560

133,499

Other debtors

96,556

73,396

270,116

206,895

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,500

113,983

Hire purchase contracts

25,930

42,933

Trade creditors

204,819

138,592

Amounts owed to group undertakings

48,007

32,597

Taxation and social security

123,569

87,740

Other creditors

134,396

75,178

545,221

491,023

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

141,226

147,916

Hire purchase contracts

71,308

97,239

212,534

245,155

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

102,226

110,916

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

105,983

Bank loans

149,726

155,916

Hire purchase contracts

97,238

140,172

246,964

402,071

9.	POST BALANCE SHEET EVENTS

During April 2025 an insurance policy paid out £343,694. Part of this was used to repay outstanding loans.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking at the balance sheet date was Morton and Case Limited, a company incorporated in England. A copy of the ultimate parent undertaking's financial statements may be obtained from it's registered office at 705 Bristol Road South, Northfield, Birmingham, B31 2JT.