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REGISTERED NUMBER: 05442778 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

N J MORRISON LIMITED

N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


N J MORRISON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: N J Morrison





REGISTERED OFFICE: 25 Rutland Road
Hull
E. Yorks
HU5 5AL





REGISTERED NUMBER: 05442778 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,684 9,965

CURRENT ASSETS
Debtors 5 57,766 49,434
Cash at bank 70,380 127,162
128,146 176,596
CREDITORS
Amounts falling due within one year 6 8,847 26,249
NET CURRENT ASSETS 119,299 150,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,983

160,312

PROVISIONS FOR LIABILITIES 12,272 952
NET ASSETS 171,711 159,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171,611 159,260
SHAREHOLDERS' FUNDS 171,711 159,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)

BALANCE SHEET - continued
31 MAY 2024


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 27 February 2025 and were signed by:





N J Morrison - Director


N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

N J Morrison Limited is a private company, limited by shares , registered in England and Wales. 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 the total amount receivable by the company for goods and services provided, inclusive of value added tax until 31st March 2017. From 1st April 2017 turnover represents sales invoiced net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 8,597 25,806 34,403
Additions - 59,755 59,755
At 31 May 2024 8,597 85,561 94,158
DEPRECIATION
At 1 June 2023 3,642 20,796 24,438
Charge for year 860 4,176 5,036
At 31 May 2024 4,502 24,972 29,474
NET BOOK VALUE
At 31 May 2024 4,095 60,589 64,684
At 31 May 2023 4,955 5,010 9,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Director's loan account 57,766 49,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,161 20,360
Social security and other taxes 1,074 177
VAT 6,401 5,501
Accruals and deferred income 211 211
8,847 26,249

N J MORRISON LIMITED (REGISTERED NUMBER: 05442778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
N J Morrison
Balance outstanding at start of year 49,434 9,317
Amounts advanced 98,920 69,787
Amounts repaid (90,588 ) (29,670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,766 49,434