REGISTERED NUMBER: NI046616 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2025

for

Morrison Associates (NI) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W A A Dickson

Ms M R Dickson

G Mitchell

SECRETARY:

Ms M R Dickson

REGISTERED OFFICE:

Millennium House

36 Newtowne Square

Limavady

Co. Londonderry

BT49 0FL

REGISTERED NUMBER:

NI046616 (Northern Ireland)

AUDITORS:

Dundas Gallagher

Chartered Accountants and Statutory Auditors

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

FIXED ASSETS

Tangible assets

4

7,706

5,812

CURRENT ASSETS

Debtors

5

164,244

161,211

Cash at bank

34,642

22,162

198,886

183,373

CREDITORS

Amounts falling due within one year

6

28,902

28,279

NET CURRENT ASSETS

169,984

155,094

TOTAL ASSETS LESS CURRENT LIABILITIES

177,690

160,906

PROVISIONS FOR LIABILITIES

1,927

1,441

NET ASSETS

175,763

159,465

CAPITAL AND RESERVES

Called up share capital

7

20,100

20,100

Retained earnings

155,663

139,365

SHAREHOLDERS' FUNDS

175,763

159,465

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 19 December 2025 and were signed on its behalf by:

W A A Dickson - Director

1.	STATUTORY INFORMATION

Morrison Associates (NI) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 and on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Income relating to insurance broking is brought into account at the earlier of the policy inception date or when the policy placement has been completed and confirmed.

Fees and other income receivable are recognised in the period to which they relate and when they can be measured with reasonable certainty.

Tangible fixed assets

Tangible fixed assets are originally stated at cost and subsequently carried at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes any costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

- 20% on reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of it's financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Going concern

The company has returned a net profit of £21,423 for the period (31 March 2024: £26,150). Business projections indicate increasing levels of turnover and profitability for the foreseeable future as the company will benefit from increased market access due to its strategic position within the group.

The owners have expressed their satisfaction with the performance of the business and confirmed their support for the company going forward.

Based on the above, it is deemed appropriate for the company to be regarded as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

39,913

Additions

3,821

At 31 March 2025

43,734

DEPRECIATION

At 1 April 2024

34,101

Charge for year

1,927

At 31 March 2025

36,028

NET BOOK VALUE

At 31 March 2025

7,706

At 31 March 2024

5,812

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

58,335

72,876

Other debtors

105,909

88,335

164,244

161,211

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,989

-

Taxation and social security

7,132

12,397

Other creditors

18,781

15,882

28,902

28,279

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

20,100

Ordinary

£1

20,100

20,100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ruairi Dundas (Senior Statutory Auditor)

for and on behalf of Dundas Gallagher

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no transactions with directors' in the current or prior year.

10.	POST BALANCE SHEET EVENTS

There have been no significant events affecting the company since the financial year end.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr W A A Dickson and Ms M R Dickson.