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Company Registration No. SC478750 (Scotland)
FRED MORRISON PIPES LTD Unaudited accounts for the year ended 31 May 2025
FRED MORRISON PIPES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FRED MORRISON PIPES LTD Company Information for the year ended 31 May 2025
Directors
FRED MORRISON DEIRDRE MORRISON
Company Number
SC478750 (Scotland)
Registered Office
2 VICTORIA PLACE RUTHERGLEN GLASGOW G73 2JP
Accountants
brand jamieson co 2 Victoria Place Rutherglen Glasgow G73 2JP
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FRED MORRISON PIPES LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,000
4,000
Tangible assets
5
13,580
13,683
15,580
17,683
Current assets
Inventories
4,250
4,150
Debtors
6
24,460
22,540
Cash at bank and in hand
58,824
81,229
87,534
107,919
Creditors: amounts falling due within one year
7
(103,046)
(118,372)
Net current liabilities
(15,512)
(10,453)
Net assets
68
7,230
Capital and reserves
Called up share capital
100
100
Profit and loss account
(32)
7,130
Shareholders' funds
68
7,230
For the year ending 31 May 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2026 and were signed on its behalf by
DEIRDRE MORRISON Director Company Registration No. SC478750
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FRED MORRISON PIPES LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
FRED MORRISON PIPES LTD is a private company, limited by shares, registered in Scotland, registration number SC478750. The registered office is 2 VICTORIA PLACE, RUTHERGLEN, GLASGOW, G73 2JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
20,000
At 31 May 2025
20,000
Amortisation
At 1 June 2024
16,000
Charge for the year
2,000
At 31 May 2025
18,000
Net book value
At 31 May 2025
2,000
At 31 May 2024
4,000
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FRED MORRISON PIPES LTD Notes to the Accounts for the year ended 31 May 2025
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 June 2024
14,349
At 31 May 2025
14,349
Depreciation
At 1 June 2024
666
Charge for the year
103
At 31 May 2025
769
Net book value
At 31 May 2025
13,580
At 31 May 2024
13,683
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,337
9,115
Trade debtors
4,333
13,425
Other debtors
16,790
-
24,460
22,540
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
31,245
28,536
Taxes and social security
28,085
40,422
Other creditors
36,444
45,641
Loans from directors
-
1,306
Accruals
7,272
2,467
103,046
118,372
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
FRED MORRISON
DIRECTORS LOAN
(652)
-
-
(652)
DEIRDRE MORRISON
DIRECTORS LOAN
(654)
-
-
(654)
(1,306)
-
-
(1,306)
9
Transactions with related parties
During the year , dividends of £53,500 ( 2024 £60,000 ) were paid to the directors.
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FRED MORRISON PIPES LTD Notes to the Accounts for the year ended 31 May 2025
10
Controlling party
Control of the company is shared equally by the directors.
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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