The Morley James Group Ltd - Accounts to registrar (filleted) - small 22.3

The Morley James Group Ltd - Accounts to registrar (filleted) - small 22.3

THE MORLEY JAMES GROUP LTD - Company Information

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REGISTERED NUMBER: 04500287 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2021

FOR

THE MORLEY JAMES GROUP LTD
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MORLEY JAMES GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2021







DIRECTOR: Mr J Morley-Cotterell





REGISTERED OFFICE: Avon House RETURNED POST
435 Stratford Road
Shirley
Solihull
West Midlands
B90 4AA





REGISTERED NUMBER: 04500287 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

BALANCE SHEET
30 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 414 551

CURRENT ASSETS
Debtors 5 209,012 23,273
Cash at bank 51,226 254,933
260,238 278,206
CREDITORS
Amounts falling due within one year 6 65,715 69,716
NET CURRENT ASSETS 194,523 208,490
TOTAL ASSETS LESS CURRENT
LIABILITIES
194,937
209,041

CREDITORS
Amounts falling due after more than one
year
7
36,114
45,833
NET ASSETS 158,823 163,208

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 158,723 163,108
SHAREHOLDERS' FUNDS 158,823 163,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

BALANCE SHEET - continued
30 DECEMBER 2021


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 director and authorised for issue on 21 December 2022 and were signed by:





Mr J Morley-Cotterell - Director


The notes form part of these financial statements

Page 3
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021


1. STATUTORY INFORMATION

The Morley James Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Page 4 continued...
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2020
and 30 December 2021 24,578
DEPRECIATION
At 31 December 2020 24,027
Charge for year 137
At 30 December 2021 24,164
NET BOOK VALUE
At 30 December 2021 414
At 30 December 2020 551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by associates 173,164 3,600
Other debtors 35,848 19,673
209,012 23,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 4,167
Trade creditors 27,171 25,912
Taxation and social security 1,701 12,944
Other creditors 26,843 26,693
65,715 69,716

Page 5 continued...
THE MORLEY JAMES GROUP LTD (REGISTERED NUMBER: 04500287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 36,114 45,833

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £7,209 (2020 - £12,079) and repayments amounting to £12,079 (2020 - £nil). At the year end the amount owing to the company was £7,209 (2019 - £12,079).

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