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REGISTERED NUMBER: SC107147 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GEO. MORRISON MOTORS LIMITED

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEO. MORRISON MOTORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: G Morrison





SECRETARY: L Morrison





REGISTERED OFFICE: 103 Farmeloan Road
Rutherglen
Glasgow
G73 1EE





REGISTERED NUMBER: SC107147 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,430 10,467

CURRENT ASSETS
Stocks 55,000 55,000
Debtors 5 14,377 44,396
Cash at bank and in hand 36,786 26,794
106,163 126,190
CREDITORS
Amounts falling due within one year 6 95,765 112,635
NET CURRENT ASSETS 10,398 13,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,828

24,022

CREDITORS
Amounts falling due after more than one year 7 (8,382 ) (18,373 )

PROVISIONS FOR LIABILITIES (1,269 ) (647 )
NET ASSETS 8,177 5,002

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,077 4,902
SHAREHOLDERS' FUNDS 8,177 5,002

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

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

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

BALANCE SHEET - continued
31 August 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 29 May 2025 and were signed by:





G Morrison - Director


GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Geo. Morrison Motors Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 10% on reducing balance
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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 31,451 45,868 15,804
Additions - 2,400 -
Disposals - - -
At 31 August 2024 31,451 48,268 15,804
DEPRECIATION
At 1 September 2023 29,377 40,890 15,799
Charge for year 208 1,844 1
Eliminated on disposal - - -
At 31 August 2024 29,585 42,734 15,800
NET BOOK VALUE
At 31 August 2024 1,866 5,534 4
At 31 August 2023 2,074 4,978 5

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 6,000 2,864 101,987
Additions - - 2,400
Disposals (6,000 ) - (6,000 )
At 31 August 2024 - 2,864 98,387
DEPRECIATION
At 1 September 2023 2,625 2,829 91,520
Charge for year - 9 2,062
Eliminated on disposal (2,625 ) - (2,625 )
At 31 August 2024 - 2,838 90,957
NET BOOK VALUE
At 31 August 2024 - 26 7,430
At 31 August 2023 3,375 35 10,467

GEO. MORRISON MOTORS LIMITED (REGISTERED NUMBER: SC107147)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,352 19,647
Prepayments and accrued income 11,025 24,749
14,377 44,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,960 9,960
Trade creditors 66,981 74,855
Social security and other taxes 2,510 289
VAT 11,336 9,675
Directors' current accounts 2,936 7,647
Accrued expenses 2,042 10,209
95,765 112,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 8,382 9,960
Bank loans - 2-5 years - 8,413
8,382 18,373

8. RELATED PARTY DISCLOSURES

At the year end Mr. Morrison was owed £2,936 (2023-£7,647) by the company. £7,647 was the maximum amount outstanding during the year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Morrison.