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REGISTERED NUMBER: 04375079 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Vincent B. McMorrow Construction
Services Limited

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vincent B. McMorrow Construction
Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr V B McMorrow
Mrs C A McMorrow





SECRETARY: Mrs C A McMorrow





REGISTERED OFFICE: 15 Chartwell Drive
Luton
Bedfordshire
LU2 7JD





REGISTERED NUMBER: 04375079 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 333,530 500,765

CURRENT ASSETS
Debtors 5 276,451 555,349
Cash at bank and in hand 112,495 50
388,946 555,399
CREDITORS
Amounts falling due within one year 6 312,369 365,063
NET CURRENT ASSETS 76,577 190,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,107

691,101

CREDITORS
Amounts falling due after more than one year 7 (113,774 ) (309,253 )

PROVISIONS FOR LIABILITIES (70,055 ) (84,041 )
NET ASSETS 226,278 297,807

CAPITAL AND RESERVES
Called up share capital 8 622 622
Retained earnings 9 225,656 297,185
SHAREHOLDERS' FUNDS 226,278 297,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr V B McMorrow - Director


Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Vincent B. McMorrow Construction Services 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,517,030 32,934 192,555 13,135 1,755,654
Additions - - 26,825 - 26,825
Disposals (156,250 ) - (22,707 ) - (178,957 )
At 30 June 2024 1,360,780 32,934 196,673 13,135 1,603,522
DEPRECIATION
At 1 July 2023 1,070,535 31,416 142,955 9,983 1,254,889
Charge for year 92,033 380 17,977 788 111,178
Eliminated on disposal (77,887 ) - (18,188 ) - (96,075 )
At 30 June 2024 1,084,681 31,796 142,744 10,771 1,269,992
NET BOOK VALUE
At 30 June 2024 276,099 1,138 53,929 2,364 333,530
At 30 June 2023 446,495 1,518 49,600 3,152 500,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 171,356 286,627
Other debtors 105,095 268,722
276,451 555,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 181,194 173,425
Trade creditors 66,522 118,511
Taxation and social security 48,367 53,785
Other creditors 16,286 19,342
312,369 365,063

Vincent B. McMorrow Construction
Services Limited (Registered number: 04375079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 113,774 309,253

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
620 Ordinary 1 620 620
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
622 622

9. RESERVES
Retained
earnings
£   

At 1 July 2023 297,185
Profit for the year 33,471
Dividends (105,000 )
At 30 June 2024 225,656