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REGISTERED NUMBER: NI644521 (Northern Ireland)











Morrow Gilchrist Associates Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025






Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Morrow Gilchrist Associates Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs S Morrow
J T Gilchrist





REGISTERED OFFICE: 2 Berkeley Hall Lane
Lisburn
Co. Antrim
BT27 5TH





REGISTERED NUMBER: NI644521 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Morrow Gilchrist Associates Ltd

Report of the Accountants to the Directors of
Morrow Gilchrist Associates Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


2 June 2025

Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 90,000
Tangible assets 5 3,890 361
63,890 90,361

CURRENT ASSETS
Debtors 6 - 8,880
Cash at bank 165,241 158,404
165,241 167,284
CREDITORS
Amounts falling due within one year 7 51,352 69,853
NET CURRENT ASSETS 113,889 97,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,779

187,792

PROVISIONS FOR LIABILITIES 942 74
NET ASSETS 176,837 187,718

CAPITAL AND RESERVES
Called up share capital 7 6
Retained earnings 176,830 187,712
SHAREHOLDERS' FUNDS 176,837 187,718

Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 June 2025 and were signed on its behalf by:




J T Gilchrist - Director



Mrs S Morrow - Director


Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Morrow Gilchrist Associates Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.


Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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 NIL (2024 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 300,000
AMORTISATION
At 1 April 2024 210,000
Amortisation for year 30,000
At 31 March 2025 240,000
NET BOOK VALUE
At 31 March 2025 60,000
At 31 March 2024 90,000

Morrow Gilchrist Associates Ltd (Registered number: NI644521)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024 5,584
Additions 4,864
At 31 March 2025 10,448
DEPRECIATION
At 1 April 2024 5,223
Charge for year 1,335
At 31 March 2025 6,558
NET BOOK VALUE
At 31 March 2025 3,890
At 31 March 2024 361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 8,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,400 23
Trade creditors (1 ) 51,530
Taxation and social security 48,552 16,949
Other creditors 1,401 1,351
51,352 69,853