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MORRISON MCCONNELL LIMITED

PREVIOUSLY KNOWN AS
STONEDRIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021






MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORRISON MCCONNELL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021







DIRECTORS: Mrs M P J McConnell
J McConnell
S K McConnell





REGISTERED OFFICE: Unit 3 Block 24 Greenhill Lane
Riddings
Alfreton
DE55 4BR





REGISTERED NUMBER: 13051048 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

BALANCE SHEET
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Intangible assets 4 36,478
Tangible assets 5 3,213
39,691

CURRENT ASSETS
Stocks 290,387
Debtors 6 240,531
Investments 7 1
Cash at bank 6,728
537,647
CREDITORS
Amounts falling due within one year 8 689,481
NET CURRENT LIABILITIES (151,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES (112,143 )

CAPITAL AND RESERVES
Called up share capital 9 2
Retained earnings (112,145 )
SHAREHOLDERS' FUNDS (112,143 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





S K McConnell - Director


MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021


1. STATUTORY INFORMATION

Morrison McConnell 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.

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.

The company meets its day to day working capital requirements through the support of the directors, who have indicated that they are willing to support the company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support by the directors.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 33% on cost, 20% on cost and 10% on cost
Computer equipment - 50% on cost and 20% 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 period 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.

MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 period 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.

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 period was 6 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 46,568
At 31 December 2021 46,568
AMORTISATION
Amortisation for period 10,090
At 31 December 2021 10,090
NET BOOK VALUE
At 31 December 2021 36,478

MORRISON MCCONNELL LIMITED (REGISTERED NUMBER: 13051048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 NOVEMBER 2020 TO 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 249 615 3,164 4,028
At 31 December 2021 249 615 3,164 4,028
DEPRECIATION
Charge for period 54 133 628 815
At 31 December 2021 54 133 628 815
NET BOOK VALUE
At 31 December 2021 195 482 2,536 3,213

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 173,479
Amounts owed by group undertakings 343
Other debtors 66,709
240,531

7. CURRENT ASSET INVESTMENTS
£   
Unlisted investments 1

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 334,087
Taxation and social security 5,599
Other creditors 349,795
689,481

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 ordinary £1 2

2 ordinary shares of £1 each were allotted and fully paid for cash at par during the period.