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REGISTERED NUMBER: 04375079 (England and Wales)














Financial Statements for the Year Ended 30 June 2023

for

Vincent B. McMorrow Construction
Services Limited

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vincent B. McMorrow Construction
Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr V B McMorrow
Mrs C A McMorrow





SECRETARY: Mrs C A McMorrow





REGISTERED OFFICE: 15 Chartwell Drive
Luton
Bedfordshire
LU2 7JD





REGISTERED NUMBER: 04375079 (England and Wales)





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

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500,765 716,112

CURRENT ASSETS
Debtors 5 555,349 574,522
Cash at bank and in hand 50 100,353
555,399 674,875
CREDITORS
Amounts falling due within one year 6 365,063 178,586
NET CURRENT ASSETS 190,336 496,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,101

1,212,401

CREDITORS
Amounts falling due after more than one
year

7

(309,253

)

(134,778

)

PROVISIONS FOR LIABILITIES (84,041 ) (122,804 )
NET ASSETS 297,807 954,819

CAPITAL AND RESERVES
Called up share capital 8 622 622
Retained earnings 9 297,185 954,197
SHAREHOLDERS' FUNDS 297,807 954,819

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.

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr V B McMorrow - Director


Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Vincent B. McMorrow Construction Services 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 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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 1,606,144 32,934 267,216 13,135 1,919,429
Additions 47,084 - - - 47,084
Disposals (136,198 ) - (74,661 ) - (210,859 )
At 30 June 2023 1,517,030 32,934 192,555 13,135 1,755,654
DEPRECIATION
At 1 July 2022 1,000,795 30,910 162,680 8,932 1,203,317
Charge for year 148,831 506 16,533 1,051 166,921
Eliminated on disposal (79,091 ) - (36,258 ) - (115,349 )
At 30 June 2023 1,070,535 31,416 142,955 9,983 1,254,889
NET BOOK VALUE
At 30 June 2023 446,495 1,518 49,600 3,152 500,765
At 30 June 2022 605,349 2,024 104,536 4,203 716,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 286,627 438,142
Other debtors 268,722 136,380
555,349 574,522

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 173,425 61,467
Trade creditors 118,511 72,295
Taxation and social security 53,785 33,712
Other creditors 19,342 11,112
365,063 178,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 309,253 134,778

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
620 Ordinary 1 620 620
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
622 622

9. RESERVES
Retained
earnings
£   

At 1 July 2022 954,197
Deficit for the year (387,012 )
Dividends (270,000 )
At 30 June 2023 297,185