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REGISTERED NUMBER: SC107147 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GEO. MORRISON MOTORS LIMITED

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEO. MORRISON MOTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: G Morrison





SECRETARY: L Morrison





REGISTERED OFFICE: 103 Farmeloan Road
Rutherglen
Glasgow
G73 1EE





REGISTERED NUMBER: SC107147 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,467 9,046

CURRENT ASSETS
Stocks 55,000 55,000
Debtors 5 44,396 21,172
Cash at bank and in hand 26,794 47,664
126,190 123,836
CREDITORS
Amounts falling due within one year 6 112,635 96,042
NET CURRENT ASSETS 13,555 27,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,022

36,840

CREDITORS
Amounts falling due after more than one
year

7

(18,373

)

(28,355

)

PROVISIONS FOR LIABILITIES (647 ) (647 )
NET ASSETS 5,002 7,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,902 7,738
SHAREHOLDERS' FUNDS 5,002 7,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

BALANCE SHEET - continued
31 August 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 28 August 2024 and were signed by:





G Morrison - Director


GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Geo. Morrison Motors Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 10% on reducing balance
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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 year was 7 (2022 - 6 ) .

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 31,451 41,418 15,804
Additions - 4,450 -
At 31 August 2023 31,451 45,868 15,804
DEPRECIATION
At 1 September 2022 29,147 39,230 15,797
Charge for year 230 1,660 2
At 31 August 2023 29,377 40,890 15,799
NET BOOK VALUE
At 31 August 2023 2,074 4,978 5
At 31 August 2022 2,304 2,188 7

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 6,000 2,864 97,537
Additions - - 4,450
At 31 August 2023 6,000 2,864 101,987
DEPRECIATION
At 1 September 2022 1,500 2,817 88,491
Charge for year 1,125 12 3,029
At 31 August 2023 2,625 2,829 91,520
NET BOOK VALUE
At 31 August 2023 3,375 35 10,467
At 31 August 2022 4,500 47 9,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 19,647 21,172
Prepayments and accrued income 24,749 -
44,396 21,172

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 9,960 9,960
Trade creditors 74,855 66,274
Tax - 821
Social security and other taxes 289 3,457
VAT 9,675 11,041
Directors' current accounts 7,647 4,489
Accrued expenses 10,209 -
112,635 96,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 9,960 9,960
Bank loans - 2-5 years 8,413 18,395
18,373 28,355

8. RELATED PARTY DISCLOSURES

At the year end Mr. Morrison was owed £7,647 (2022-£4,489) by the company. £7,647 was the maximum amount outstanding during the year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Morrison.