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REGISTERED NUMBER: 08413344 (England and Wales)














Financial Statements for the Year Ended 28 February 2023

for

McMorrow Ltd

McMorrow Ltd (Registered number: 08413344)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McMorrow Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: V B McMorrow





REGISTERED OFFICE: 15 Chartwell Drive
Luton
Bedfordshire
LU2 7JD





REGISTERED NUMBER: 08413344 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

McMorrow Ltd (Registered number: 08413344)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 146,227 2,919

CURRENT ASSETS
Debtors 5 - 6,207
Cash at bank 35,382 99,096
35,382 105,303
CREDITORS
Amounts falling due within one year 6 110,997 101,923
NET CURRENT (LIABILITIES)/ASSETS (75,615 ) 3,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,612

6,299

CREDITORS
Amounts falling due after more than one
year

7

(64,097

)

-

PROVISIONS FOR LIABILITIES (27,783 ) -
NET (LIABILITIES)/ASSETS (21,268 ) 6,299

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (21,269 ) 6,298
SHAREHOLDERS' FUNDS (21,268 ) 6,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

McMorrow Ltd (Registered number: 08413344)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





V B McMorrow - Director


McMorrow Ltd (Registered number: 08413344)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

McMorrow 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.

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

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 - 25% on reducing balance

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

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 NIL (2022 - NIL).

McMorrow Ltd (Registered number: 08413344)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022 16,400
Additions 192,050
At 28 February 2023 208,450
DEPRECIATION
At 1 March 2022 13,481
Charge for year 48,742
At 28 February 2023 62,223
NET BOOK VALUE
At 28 February 2023 146,227
At 28 February 2022 2,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 6,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 13,484 -
Trade creditors 2 1
Amounts owed to associates 88,922 96,122
Taxation and social security 4,356 -
Other creditors 4,233 5,800
110,997 101,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 64,097 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary £1 1 1

McMorrow Ltd (Registered number: 08413344)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Retained
earnings
£   

At 1 March 2022 6,298
Deficit for the year (27,567 )
At 28 February 2023 (21,269 )