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REGISTERED NUMBER: 02044929 (England and Wales)



















MORRISON DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






MORRISON DESIGN LIMITED (REGISTERED NUMBER: 02044929)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MORRISON DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr P J Newman-Earp
Mr D Gardner
Mr N K Clarke





REGISTERED OFFICE: The Third Floor, The Long Mill
Darley Abbey Mills
Darley Abbey
Derby
DE22 1DZ





REGISTERED NUMBER: 02044929 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

MORRISON DESIGN LIMITED (REGISTERED NUMBER: 02044929)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,051 35,333

CURRENT ASSETS
Debtors 5 819,266 643,233
Cash at bank and in hand 217,489 247,602
1,036,755 890,835
CREDITORS
Amounts falling due within one year 6 243,380 170,846
NET CURRENT ASSETS 793,375 719,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,426

755,322

CREDITORS
Amounts falling due after more than one year 7 (158,348 ) (191,676 )

PROVISIONS FOR LIABILITIES (8,208 ) (6,427 )
NET ASSETS 660,870 557,219

CAPITAL AND RESERVES
Called up share capital 8 466 466
Capital redemption reserve 136 136
Retained earnings 660,268 556,617
SHAREHOLDERS' FUNDS 660,870 557,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 DESIGN LIMITED (REGISTERED NUMBER: 02044929)

BALANCE SHEET - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:




Mr P J Newman-Earp - Director Mr D Gardner - Director




Mr N K Clarke - Director


MORRISON DESIGN LIMITED (REGISTERED NUMBER: 02044929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Morrison Design 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.

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 net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

MORRISON DESIGN LIMITED (REGISTERED NUMBER: 02044929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 130,271
Additions 16,223
Disposals (93,858 )
At 30 June 2023 52,636
DEPRECIATION
At 1 July 2022 94,938
Charge for year 10,406
Eliminated on disposal (86,759 )
At 30 June 2023 18,585
NET BOOK VALUE
At 30 June 2023 34,051
At 30 June 2022 35,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 351,824 244,698
Other debtors 432,904 368,171
Prepayments and accrued income 34,538 30,364
819,266 643,233

MORRISON DESIGN LIMITED (REGISTERED NUMBER: 02044929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,992 49,992
Trade creditors 15,943 18,975
Corporation tax 68,577 23,918
Social security and other taxes 15,206 12,152
VAT 53,631 35,967
Other creditors 4,702 3,649
Directors' current accounts 11,425 11,425
Accruals and deferred income 23,904 14,768
243,380 170,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 49,992 49,992
Bank loans - 2-5 years 108,356 141,684
158,348 191,676

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
464 Ordinary £1 464 464
1 'A' Non-Voting £1 1 1
1 'B' Non-Voting £1 1 1
466 466

9. RELATED PARTY DISCLOSURES

Included in current liabilities is a loan to both directors which has no fixed repayment terms and is interest free.