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REGISTERED NUMBER: SC645565 (Scotland)















Moray Training Club Ltd

Financial Statements For The Year Ended 31 October 2022






Moray Training Club Ltd (Registered number: SC645565)






Contents of the Financial Statements
For The Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Moray Training Club Ltd

Company Information
For The Year Ended 31 October 2022







DIRECTOR: M K Turner





REGISTERED OFFICE: 56 High Street
Entrance James Street
Lossiemouth
Moray
IV31 6AA





REGISTERED NUMBER: SC645565 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Moray Training Club Ltd (Registered number: SC645565)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,962 19,673

CURRENT ASSETS
Debtors 5 6,007 2,972
Cash at bank 399 50
6,406 3,022
CREDITORS
Amounts falling due within one year 6 10,340 6,386
NET CURRENT LIABILITIES (3,934 ) (3,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,028

16,309

CREDITORS
Amounts falling due after more than one
year

7

13,881

16,161
NET ASSETS 147 148

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 47 48
SHAREHOLDERS' FUNDS 147 148

Moray Training Club Ltd (Registered number: SC645565)

Balance Sheet - continued
31 October 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 October 2023 and were signed by:





M K Turner - Director


Moray Training Club Ltd (Registered number: SC645565)

Notes to the Financial Statements
For The Year Ended 31 October 2022

1. STATUTORY INFORMATION

Moray Training Club Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

Moray Training Club Ltd (Registered number: SC645565)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2021 23,444
Additions 2,547
At 31 October 2022 25,991
DEPRECIATION
At 1 November 2021 3,771
Charge for year 4,258
At 31 October 2022 8,029
NET BOOK VALUE
At 31 October 2022 17,962
At 31 October 2021 19,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 4,075 2,972
Other debtors 1,932 -
6,007 2,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 3,600 3,300
Taxation and social security 182 -
Other creditors 6,558 3,086
10,340 6,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 11,100 14,700
Other creditors 2,781 1,461
13,881 16,161

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 300

Moray Training Club Ltd (Registered number: SC645565)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2021 48
Profit for the year 8,699
Dividends (8,700 )
At 31 October 2022 47

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,700 (2021 - £4,300) were paid to the directors .

M K Turner
is a director of the company


An interest free loan has been given by the director to the company. There are no repayment terms

31.10.22 31.10.21
£    £   
Amount due from/(to) related party at the balance sheet date 1,932 (12 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is M K Turner.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Moray Training Club Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Moray Training Club Ltd for the year ended 31 October 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Moray Training Club Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moray Training Club Ltd and state those matters that we have agreed to state to the director of Moray Training Club Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moray Training Club Ltd and its director for our work or for this report.

It is your duty to ensure that Moray Training Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moray Training Club Ltd. You consider that Moray Training Club Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moray Training Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


23 October 2023