Company registration number SC268005 (Scotland)
MORRISON OILFIELD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
MORRISON OILFIELD LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
MORRISON OILFIELD LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF MORRISON OILFIELD LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Morrison Oilfield Limited for the year ended 31 May 2024 set out on pages 2 to 3 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.
This report is made solely to the board of directors of Morrison Oilfield Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Morrison Oilfield Limited and state those matters that we have agreed to state to the board of directors of Morrison Oilfield Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morrison Oilfield Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Morrison Oilfield Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Morrison Oilfield Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Morrison Oilfield Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MMG Chartered Accountants
Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH
Scotland
12 February 2025
MORRISON OILFIELD LIMITED
BALANCE SHEET
- 2 -
2024
2023
£
£
£
£
Fixed assets
2,904
1,273
Current assets
40,007
38,064
Creditors: amounts falling due within one year
(9,314)
(12,756)
Net current assets
30,693
25,308
Total assets less current liabilities
33,597
26,581
Creditors: amounts falling due after more than one year
(4,250)
(7,650)
Net assets
29,347
18,931
Capital and reserves
29,347
18,931
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Morrison Oilfield Limited is a private company limited by shares incorporated in Scotland. The registered office is Burn Cottage, Burn Place, Halfpennyburn, Forfar, DD8 1TE.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
MORRISON OILFIELD LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 12 February 2025
Mr D Morrison
Director
Company registration number SC268005 (Scotland)