Morton Young & Borland Limited in Glasgow, G1 3NQ

Description

Data updated on: 01-11-2023

Situated at 6th Floor Gordon Chambers, Glasgow G1 3NQ Morton Young & Borland Limited is a Private Limited Company with SC084953 Companies House Reg No. This firm was launched fourty one years ago. The company's declared SIC number is 13990 which stands for Manufacture of other textiles n.e.c.. Morton Young & Borland Ltd released its account information for the period up to 2023-01-31. Its latest confirmation statement was submitted on 2023-10-31.

As the data suggests, this company was started in 1983 and has so far been steered by twelve directors, and out of them four (Susan W., Margo G., Simon G. and Scott D.) are still listed as current directors. In addition, the director's responsibilities are regularly aided with by a secretary - Wendy W., who was appointed by the company in August 2017.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-01-31	2021-01-31	2022-01-31	2023-01-31
Currency

Balance Sheet
Cash Bank On Hand	38 069	205 653	82 108	66 365
Current Assets	1 204 928	1 192 326	1 088 621	925 342
Debtors	386 296	233 988	367 276	270 806
Net Assets Liabilities	-191 028	-805 706	-699 651	-233 156
Total Inventories	780 563	752 685	639 237	588 171
Other Debtors		1 500
Property Plant Equipment	513 301	466 692

Other Financial Data
Amount Specific Advance Or Credit Directors	700	200
Amount Specific Advance Or Credit Made In Period Directors	700
Amount Specific Advance Or Credit Repaid In Period Directors		500
Accrued Liabilities	20 526	42 916	48 073	46 359
Accumulated Depreciation Impairment Property Plant Equipment	625 652	691 930	142 536	146 969
Assumed Rate Increase Pensions In Payment Deferred Pensions	2	3	3	3
Average Number Employees During Period	55	54	42	51
Bank Borrowings		200 000	186 667	146 667
Bank Borrowings Overdrafts	43 165	186 667	146 667	40 000
Creditors	24 424	199 922	146 667	325 742
Cumulative Gain Loss On Remeasurement Defined Benefit Plan Recognised In Other Comprehensive Income	483 000	706 000	340 000	1 938 000
Decrease In Assets Or Liabilities Defined Benefit Plan From Benefits Paid			-139 000	-281 000
Decrease Increase In Liabilities Defined Benefit Plan From Remeasurement	-483 000	-706 000	340 000	1 938 000
Deferred Tax Liability Asset Related To Defined Benefit Plan			426 740	361 750
Deficit Surplus In Defined Benefit Plan			2 246 000	1 447 000
Defined Benefit Liabilities From Plans That Are Wholly Or Partly Funded Present Value			5 808 000	3 717 000
Discount Rate Used Defined Benefit Plan	2	2	2	4
Fair Value Assets Defined Benefit Plan	3 632 000	3 622 000	3 562 000	2 270 000
Fair Value Assets In Defined Benefit Plans Less Present Value Funded Obligations			3 562 000	2 270 000
Finance Lease Liabilities Present Value Total	24 424	13 255	13 256
Finished Goods	414 721	433 052	326 948	296 898
Future Minimum Lease Payments Under Non-cancellable Operating Leases	3 906	3 668	4 183	5 548
Increase Decrease In Assets Defined Benefit Plan From Remeasurement	97 000	63 000	54 000	78 000
Increase From Depreciation Charge For Year Property Plant Equipment		66 278		48 999
Increase In Assets Defined Benefit Plan From Contributions By Employer	84 000	84 000	88 000	123 000
Increase In Liabilities Defined Benefit Plan From Interest Expense	136 000	95 000	92 000	128 000
Liabilities Defined Benefit Plan Present Value	5 520 000	6 195 000	5 808 000	3 717 000
Merchandise	161 135	159 485	138 006	130 911
Net Current Assets Liabilities	849 395	1 011 654	859 616	599 600
Number Shares Issued Fully Paid		2		2
Other Taxation Social Security Payable	27 012	21 752	22 910	21 050
Par Value Share		1		1
Prepayments Accrued Income	14 893	88 575	14 571	22 722
Property Plant Equipment Gross Cost	1 138 953	1 158 622	1 169 362	1 170 862
Recoverable Value-added Tax	51 032	19 437	28 393	17 591
Retirement Benefit Obligations Surplus	1 529 300	2 084 130	1 819 260	1 085 250
Return On Assets Benefit Plan	159 000	104 000	16 000	1 067 000
Total Additions Including From Business Combinations Property Plant Equipment		19 669		1 500
Total Assets Less Current Liabilities	1 362 696	1 478 346	1 266 276	958 761
Trade Creditors Trade Payables	249 273	86 864	104 766	218 333
Trade Debtors Trade Receivables	314 588	116 401	324 312	230 493
Work In Progress	204 707	160 148	174 283	160 362
Assumed Percentage Employees Opting For Early Retirement	2	3
Assumed Rate Increase Pensionable Salaries	2	3
Bank Overdrafts	43 165
Decrease In Assets Defined Benefit Plan From Benefits Paid	-154 000	-126 000
Total Borrowings	43 165	200 000