MORRISON BRO'S LIMITED

Company Registration Number:
SC314936 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

MORRISON BRO'S LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

MORRISON BRO'S LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 85,253 81,033
Total fixed assets: 85,253 81,033
Current assets
Stocks: 65,831 45,753
Debtors:   7,920 7,920
Cash at bank and in hand: 430,366 381,124
Total current assets: 504,117 434,797
Creditors: amounts falling due within one year:   (143,535) (161,739)
Net current assets (liabilities): 360,582 273,058
Total assets less current liabilities: 445,835 354,091
Total net assets (liabilities): 445,835 354,091
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 445,735 353,991
Shareholders funds: 445,835 354,091

The notes form part of these financial statements

MORRISON BRO'S LIMITED

Balance sheet statements

For the year ending 31 January 2024 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 29 October 2024
and signed on behalf of the board by:

Name: Mr Edward Morrison
Status: Director

The notes form part of these financial statements

MORRISON BRO'S LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 10% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

MORRISON BRO'S LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 25 21

MORRISON BRO'S LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 220,057
Additions 18,246
At 31 January 2024 238,303
Depreciation
At 01 February 2023 139,024
Charge for year 14,026
At 31 January 2024 153,050
Net book value
At 31 January 2024 85,253
At 31 January 2023 81,033