WENDY MORRISON DESIGN LIMITED

Company Registration Number:
SC313838 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WENDY MORRISON DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

WENDY MORRISON DESIGN LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 9,204 13,806
Tangible assets: 4 20,506 12,004
Total fixed assets: 29,710 25,810
Current assets
Stocks: 121,095 97,280
Debtors: 5 157,041 80,144
Cash at bank and in hand: 186,014 117,017
Total current assets: 464,150 294,441
Creditors: amounts falling due within one year: 6 (251,878) (175,319)
Net current assets (liabilities): 212,272 119,122
Total assets less current liabilities: 241,982 144,932
Creditors: amounts falling due after more than one year: 7 (474,107) (245,979)
Total net assets (liabilities): (232,125) (101,047)
Capital and reserves
Called up share capital: 2 2
Share premium account: 325,000
Profit and loss account: (557,127) (101,049)
Shareholders funds: (232,125) (101,047)

The notes form part of these financial statements

WENDY MORRISON DESIGN LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2024
and signed on behalf of the board by:

Name: Gregor Morrison
Status: Director

The notes form part of these financial statements

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 5 years straight line basis Fixtures & fittings 3 years straight line basis Computer equipment 5 years straight line basis

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 5

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 23,771
At 31 December 2023 23,771
Amortisation
At 01 January 2023 9,965
Charge for year 4,602
At 31 December 2023 14,567
Net book value
At 31 December 2023 9,204
At 31 December 2022 13,806

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 32,878
Additions 17,670
At 31 December 2023 50,548
Depreciation
At 01 January 2023 20,874
Charge for year 9,168
At 31 December 2023 30,042
Net book value
At 31 December 2023 20,506
At 31 December 2022 12,004

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 157,041 80,144

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

VAT £3266 Trade Creditors £32,393 Accruals £18,926 Deferred Income £197,293

WENDY MORRISON DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

Bank Loans £474,107