O & S Morrison Ltd 13642043 false 2023-10-01 2024-03-31 2024-03-31 The principal activity of the company is the holding of investments. Digita Accounts Production Advanced 6.30.9574.0 true 13642043 2023-10-01 2024-03-31 13642043 2024-03-31 13642043 core:RetainedEarningsAccumulatedLosses 2024-03-31 13642043 core:ShareCapital 2024-03-31 13642043 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 13642043 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13642043 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13642043 core:MoreThanFiveYears 1 2024-03-31 13642043 1 2024-03-31 13642043 bus:SmallEntities 2023-10-01 2024-03-31 13642043 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-03-31 13642043 bus:FullAccounts 2023-10-01 2024-03-31 13642043 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 13642043 bus:RegisteredOffice 2023-10-01 2024-03-31 13642043 bus:Director1 2023-10-01 2024-03-31 13642043 bus:Director2 2023-10-01 2024-03-31 13642043 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-03-31 13642043 1 2023-10-01 2024-03-31 13642043 countries:England 2023-10-01 2024-03-31 13642043 1 2023-10-01 2024-03-31 13642043 1 2023-09-30 13642043 2022-10-01 2023-09-30 13642043 2023-09-30 13642043 core:RetainedEarningsAccumulatedLosses 2023-09-30 13642043 core:ShareCapital 2023-09-30 13642043 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-09-30 13642043 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13642043 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 13642043 core:MoreThanFiveYears 1 2023-09-30 13642043 1 2023-09-30 13642043 1 2022-10-01 2023-09-30 13642043 1 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 13642043

O & S Morrison Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 October 2023 to 31 March 2024

 

O & S Morrison Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

O & S Morrison Ltd

(Registration number: 13642043)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

547,583

343,900

Current assets

 

Debtors

71,303

36,126

Cash at bank and in hand

 

29,146

1,690

 

100,449

37,816

Creditors: Amounts falling due within one year

(16,667)

(280,754)

Net current assets/(liabilities)

 

83,782

(242,938)

Total assets less current liabilities

 

631,365

100,962

Creditors: Amounts falling due after more than one year

5

(31,628)

(81,775)

Net assets

 

599,737

19,187

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

599,637

19,087

Total equity

 

599,737

19,187

 

O & S Morrison Ltd

(Registration number: 13642043)
Abridged Balance Sheet as at 31 March 2024

For the financial period ending 31 March 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 of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

Mr O M Morrison

Director

Mrs S G Morrison

Director

 

O & S Morrison Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
14 Perkins Drive
Inkberrow
Worcester
Worcestershire
WR7 4FD

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounting period has been shorted in order to make the accounting period end coincide with the accounting year ends of other companies that have Mr O M Morrison as director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

O & S Morrison Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2023 to 31 March 2024

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

343,900

343,900

Additions

751,166

751,166

Disposals

(547,483)

(547,483)

At 31 March 2024

547,583

547,583

Carrying amount

At 31 March 2024

547,583

547,583

At 30 September 2023

343,900

343,900

5

Creditors: amounts falling due after more than one year

Due after more than five years

Included within creditors are the following amounts due after more than five years:

2024
£

2023
£

After more than five years by instalments

-

19,375

6

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to directors
£

Repayments by director
£

At 31 March 2024
£

Directors' advances and credits - repayable on demand and interest charged at HMRC's official rate

36,127

78,689

(1,546)

113,270

         
       

 

2023

At 1 October 2022
£

Advances to directors
£

Repayments by director
£

At 30 September 2023
£

Directors' advances and credits - repayable on demand and interest charged at HMRC's official rate

24,154

39,423

(27,450)

36,127