| Morgan & Butler Limited |
| Data not obtained from trial balance |
| Enter data in the white spaces Enter numbers as + unless indicated |
Current year |
Comparative |
|
| Units (eg £ or £000) |
£ |
include a trailing space |
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| Company registration number |
09149731 |
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Date |
| Approval date of the accounts by the board |
30.07.20 |
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Date |
| Date of signing on the audit/accountants report |
30.07.20 |
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| Date of engagement letter (required for |
Date |
| CA and ACCA reports) |
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| Person signing directors' report: |
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Name of director |
Chloe Armitage |
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Or, name of secretary |
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| Name of director signing balance sheet |
Chloe Armitage |
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| Address of registered office: |
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Address line 1 |
Sandwath Cottage, The Square |
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Address line 2 |
Eyam |
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City or town |
Hope Valley |
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County or region |
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Postcode |
S32 5RB |
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| Name of senior statutory auditor |
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| Name of auditors/accountants |
Hazel Accountancy Services |
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| Type of firm (eg Chartered Accountants) |
Accountants |
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| Address of auditors/accountants |
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Address line 1 |
1 Manor Cottages |
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Address line 2 |
Little Longstone |
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City or town |
Bakewell |
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County or region |
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Postcode |
DE45 1NN |
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| Prior year adjustments (+ for a gain; - for a loss) |
£ |
|
Correction of prior year errors |
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Effect of retrospective changes in accounting policies |
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More info on prior year adjustments |
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| Number |
Number |
| Average number of persons employed by the company |
- |
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- |
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| Freehold land & buildings if |
| revalued amounts shown in trial balance: |
£ |
£ |
|
historical cost |
|
cumulative depreciation based on cost |
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|
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|
| Historical cost of fixed asset investments |
£ |
£ |
|
Investments in subsidiaries |
|
Other investments |
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| £ |
£ |
| Amounts due after more than one year included in debtors |
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| Amounts included in creditors falling due for payment |
| after more than five years: |
£ |
£ |
| Payable otherwise than by installment |
| Payable by installment |
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| £ |
£ |
| Secured bank loans included in creditors |
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| Capital commitments: |
£ |
£ |
|
contracted |
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| Total future payments due under non-cancellable |
£ |
£ |
| operating leases |
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| Morgan & Butler Limited |
| Notes to the Accounts |
| for the year ended 31 July 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
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Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 years |
|
Fixtures, fittings, tools and equipment |
at 30% reducing balance |
|
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Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
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Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Exceptional items |
2019 |
|
2018 |
| £ |
£ |
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
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| 3 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 August 2018 |
- |
|
Additions |
- |
|
Disposals |
- |
|
At 31 July 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2018 |
- |
|
Provided during the year |
- |
|
On disposals |
- |
|
At 31 July 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2019 |
- |
|
At 31 July 2018 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
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| 5 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 August 2018 |
- |
|
571 |
|
- |
|
571 |
|
Additions |
- |
|
- |
|
- |
|
- |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 31 July 2019 |
- |
|
571 |
|
- |
|
571 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2018 |
- |
|
519 |
|
- |
|
519 |
|
Charge for the year |
- |
|
16 |
|
- |
|
16 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 31 July 2019 |
- |
|
535 |
|
- |
|
535 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2019 |
- |
|
36 |
|
- |
|
36 |
|
At 31 July 2018 |
- |
|
52 |
|
- |
|
52 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2019 |
|
2018 |
| £ |
£ |
|
Historical cost |
- |
|
- |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
- |
|
- |
|
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.] |
|
|
| 6 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2018 |
- |
|
- |
|
- |
|
Additions |
- |
|
- |
|
- |
|
Revaluation |
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
|
At 31 July 2019 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 August 2018 |
- |
|
- |
|
At 31 July 2019 |
- |
|
- |
|
|
|
|
|
|
|
|
[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures] |
|
|
| 7 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
- |
|
- |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Deferred tax asset |
|
|
|
|
- |
|
- |
|
Other debtors |
300 |
|
300 |
|
|
|
|
|
|
300 |
|
300 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Investments held as current assets |
2019 |
|
2018 |
| £ |
£ |
|
Fair value |
|
Listed investments |
- |
|
- |
|
Unlisted investments |
- |
|
- |
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Listed investments |
- |
|
- |
|
Unlisted investments |
- |
|
- |
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
[For revalued investments, see FRS 102 paragraphs 1AC.22 and 1AC.23 for disclosures] |
|
|
| 9 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Non-equity preference shares |
- |
|
- |
|
Bank loans and overdrafts |
- |
|
- |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
- |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Taxation and social security costs |
- |
|
- |
|
Other creditors |
15,753 |
|
15,613 |
|
|
|
|
|
|
15,753 |
|
15,613 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Non-equity preference shares |
- |
|
- |
|
Bank loans |
- |
|
- |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
- |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
- |
|
Other creditors |
- |
|
- |
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 11 |
Loans |
2019 |
|
2018 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
100 |
|
- |
|
Instalments falling due for payment after more than five years |
- |
|
- |
|
|
|
|
|
|
100 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
[Give an indication of the nature and form of the security for the bank loans] |
|
|
| 12 |
Revaluation reserve |
2019 |
|
2018 |
| £ |
£ |
|
|
At 1 August 2018 |
- |
|
- |
|
Gain on revaluation of land and buildings |
- |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
- |
|
|
At 31 July 2019 |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 13 |
Events after the reporting date |
|
|
|
|
| 14 |
Capital commitments |
2019 |
|
2018 |
| £ |
£ |
|
|
Amounts contracted for but not provided in the accounts |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 15 |
Pension commitments |
|
|
|
|
| 16 |
Other financial commitments |
2019 |
|
2018 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 17 |
Contingent liabilities |
|
|
|
|
| 18 |
Off-balance sheet arrangements |
|
|
|
|
| 19 |
Loans from directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Chloe Armitage |
5,931 |
|
- |
|
847 |
|
5,084 |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
Ian Channon |
5,770 |
|
426 |
|
- |
|
6,196 |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
[Director 4] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Director 5] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Director 6] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Director 7] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Director 8] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
[Director 9] |
|
[Loan 1] |
- |
|
- |
|
- |
|
- |
|
[Loan 2] |
- |
|
- |
|
- |
|
- |
|
|
|
11,701 |
|
426 |
|
847 |
|
11,280 |
|
|
|
|
|
|
|
|
|
|
| 20 |
Guarantees made by the company on behalf of directors |
|
Main terms |
Maximum |
Amount paid |
| liability |
and incurred |
| £ |
£ |
|
Chloe Armitage |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
Ian Channon |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
0 |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 4] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 5] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 6] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 7] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 8] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
[Director 9] |
|
[Guarantee 1] |
|
- |
|
- |
|
[Guarantee 2] |
|
- |
|
- |
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
| 21 |
Related party transactions |
|
|
|
|
| 22 |
Controlling party |
|
|
|
|
| 23 |
Other information |
|
|
Morgan & Butler Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Sandwath Cottage, The Square |
|
Eyam |
|
Hope Valley |
|
|
S32 5RB |
