Company Registration No. 11402861 (England and Wales)
Morrison & Clooney Limited
Unaudited accounts
for the year ended 30 June 2024
Morrison & Clooney Limited
Unaudited accounts
Contents
Morrison & Clooney Limited
Company Information
for the year ended 30 June 2024
Directors
Gary David Clooney
Claire Louise Clooney
Company Number
11402861 (England and Wales)
Registered Office
17 WROXHAM AVENUE
HEMEL HEMPSTEAD
HP3 9HF
UNITED KINGDOM
Accountants
Keep Accounting
Okeford Close
Tring
Herts
HP234AJ
Morrison & Clooney Limited
Statement of financial position
as at 30 June 2024
Tangible assets
195,000
234,000
Cash at bank and in hand
4,337
8,242
Creditors: amounts falling due within one year
(7,520)
(9,625)
Net current liabilities
(3,076)
(1,170)
Total assets less current liabilities
191,924
232,830
Creditors: amounts falling due after more than one year
(175,223)
(175,223)
Provisions for liabilities
Deferred tax
(3,610)
(11,020)
Called up share capital
2
2
Revaluation reserve
894
894
Profit and loss account
12,195
45,691
Shareholders' funds
13,091
46,587
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Claire Louise Clooney
Director
Company Registration No. 11402861
Morrison & Clooney Limited
Notes to the Accounts
for the year ended 30 June 2024
Morrison & Clooney Limited is a private company, limited by shares, registered in England and Wales, registration number 11402861. The registered office is 17 WROXHAM AVENUE, HEMEL HEMPSTEAD, HP3 9HF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
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:
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).