1 December 2020 false No description of principal activity Taxfiler 2022.8.3 SC520404business:PrivateLimitedCompanyLtd2020-12-012021-11-30 SC5204042020-11-30 SC5204042020-12-012021-11-30 SC520404business:AuditExempt-NoAccountantsReport2020-12-012021-11-30 SC520404business:FullAccounts2020-12-012021-11-30 SC5204042021-11-30 SC520404business:Director12020-12-012021-11-30 SC520404business:Director22020-12-012021-11-30 SC520404business:RegisteredOffice2020-12-012021-11-30 SC5204042020-11-30 SC520404core:WithinOneYear2021-11-30 SC520404core:WithinOneYear2020-11-30 SC520404core:AfterOneYear2021-11-30 SC520404core:AfterOneYear2020-11-30 SC520404core:ShareCapital2021-11-30 SC520404core:ShareCapital2020-11-30 SC520404core:RetainedEarningsAccumulatedLosses2021-11-30 SC520404core:RetainedEarningsAccumulatedLosses2020-11-30 SC520404business:SmallEntities2020-12-012021-11-30 SC520404countries:Scotland2020-12-012021-11-30 SC520404core:PlantMachinery2020-12-012021-11-30 SC520404core:MotorVehicles2020-12-012021-11-30 SC520404core:PlantMachinery2020-11-30 SC520404core:MotorVehicles2020-11-30 SC520404core:PlantMachinery2021-11-30 SC520404core:MotorVehicles2021-11-30 SC520404business:Director112020-11-30 SC520404business:Director112020-12-012021-11-30 SC520404business:Director112021-11-30 SC5204042019-12-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC520404 (Scotland)
Murray Forestry Ltd. Unaudited accounts for the year ended 30 November 2021
Murray Forestry Ltd. Unaudited accounts Contents
Page
- 2 -
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
- 3 -
Murray Forestry Ltd. Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,442 
32,886 
Current assets
Debtors
31,082 
16,848 
Cash at bank and in hand
(9,218)
6,389 
21,864 
23,237 
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)
Net assets
104 
12,619 
Capital and reserves
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
- 4 -
Murray Forestry Ltd. Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
At 30 November 2021
20,837 
19,605 
40,442 
At 30 November 2020
19,424 
13,462 
32,886 
- 5 -
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 
Other debtors
3,616 
- 
31,082 
16,848 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,389 
3,533 
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 
Accruals
1,288 
1,813 
12,202 
34,754 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
- 
Obligations under finance leases and hire purchase contracts
- 
8,750 
50,000 
8,750 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
P Murray
284 
(14,055)
- 
(13,771)
284 
(14,055)
- 
(13,771)
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
- 6 -