Company Registration No. SC520404 (Scotland)
Murray Forestry Ltd.
Unaudited accounts
for the year ended 30 November 2021
Murray Forestry Ltd.
Unaudited accounts
Contents
Murray Forestry Ltd.
Company Information
for the year ended 30 November 2021
Directors
P Murray
F Murray
Company Number
SC520404 (Scotland)
Registered Office
19 NICOLL DRIVE
BANKFOOT
PERTH
PERTHSHIRE
PH1 4BL
SCOTLAND
Accountants
TaxKings (West) Ltd
61 George St
Perth
PH1 5LB
Murray Forestry Ltd.
Statement of financial position
as at 30 November 2021
Tangible assets
40,442
32,886
Cash at bank and in hand
(9,218)
6,389
Creditors: amounts falling due within one year
(12,202)
(34,754)
Net current assets/(liabilities)
9,662
(11,517)
Total assets less current liabilities
50,104
21,369
Creditors: amounts falling due after more than one year
(50,000)
(8,750)
Called up share capital
100
100
Profit and loss account
4
12,519
Shareholders' funds
104
12,619
For the year ending 30 November 2021 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 23 August 2022 and were signed on its behalf by
P Murray
Director
Company Registration No. SC520404
Murray Forestry Ltd.
Notes to the Accounts
for the year ended 30 November 2021
Murray Forestry Ltd. is a private company, limited by shares, registered in Scotland, registration number SC520404. The registered office is 19 NICOLL DRIVE, BANKFOOT, PERTH, PERTHSHIRE, PH1 4BL, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2020
34,810
28,527
63,337
Additions
8,358
16,000
24,358
Disposals
-
(10,500)
(10,500)
At 30 November 2021
43,168
34,027
77,195
At 1 December 2020
15,386
15,065
30,451
Charge for the year
6,945
6,535
13,480
On disposals
-
(7,178)
(7,178)
At 30 November 2021
22,331
14,422
36,753
At 30 November 2021
20,837
19,605
40,442
At 30 November 2020
19,424
13,462
32,886
Murray Forestry Ltd.
Notes to the Accounts
for the year ended 30 November 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
27,466
16,848
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
6,999
-
Trade creditors
6,823
17,224
Taxes and social security
6,830
11,899
Loans from directors
(11,127)
285
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
8,750
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).