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2022-12-31
| Registered Number:05998399 |
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Morley Skips Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Morley Skips Ltd
Statement of Financial Position
2021
2022
| Property, plant and equipment |
801,603
626,507
3
801,603
626,507
| Trade and other receivables |
155,332
124,979
4
40,278
| Cash and cash equivalents |
38,904
163,883
195,610
| Trade and other payables: amounts falling due within one year |
(282,394)
(443,914)
5
(86,784)
(280,031)
Net current liabilities
| Total assets less current liabilities |
521,572
539,723
| Trade and other payables: amounts falling due after more than one |
| year |
(366,730)
(360,967)
6
(122,860)
(97,442)
| Provisions for liabilities |
37,745
Net assets
75,551
60
60
37,685
75,491
37,745
75,551
Shareholders' funds
| For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 11 September 2023 and were signed by: |
| The notes form part of these financial statements |
1 of 4
4
For the year ended 31 December 2022
Morley Skips Ltd
Notes to the Financial Statements
Statutory Information
| Morley Skips Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 05998399. |
Woodcote
Park Farm
Tolleshunt Knights
Maldon Essex
CM9 8HB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial |
| statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
| 15% / 20% Reducing balance |
Office equipment
Motor vehicles
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
5
For the year ended 31 December 2022
Morley Skips Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
30,000
30,000
30,000
30,000
-
-
| 3. Property, plant and equipment |
1,199,441
6,281
1,117,993
75,167
388,081
388
307,891
79,802
-
(149,375)
-
(149,375)
154,969
1,276,509
6,669
1,438,147
| Provision for depreciation and impairment |
572,934
4,106
568,828
-
Charge for year
145,786
495
145,291
-
(82,176)
-
(82,176)
-
636,544
4,601
631,943
-
154,969
644,566
2,068
801,603
75,167
549,165
2,175
626,507
| 4. Trade and other receivables |
2021
2022
103,248
129,655
21,731
25,677
155,332
124,979
3 of 4
6
For the year ended 31 December 2022
Morley Skips Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2021
2022
| Bank loans and overdraft (secured) |
74,566
74,566
202,790
83,417
| Taxation and social security |
14,618
33,842
151,940
90,569
443,914
282,394
| 6. Trade and other payables: amounts falling due after more than one year |
2021
2022
| Bank loans and overdraft (secured) |
118,142
193,197
242,825
173,533
360,967
366,730
| 7. Guarantees and other financial commitments |
| Guarantees and contingent assets and liabilities |
| A Fixed and Floating charge was registered against the Company assets by Barclays Security Trustee Limited on 7 October |
| 2020. |
| 8. Average number of persons employed |
During the year the average number of employees was 15 (2021 : 15)
4 of 4
