Company Registration No. SC720337 (Scotland)
Murray John & Associates Ltd
Unaudited accounts
for the period from 19 January 2022 to 30 April 2023
Murray John & Associates Ltd
Unaudited accounts
Contents
Murray John & Associates Ltd
Company Information
for the period from 19 January 2022 to 30 April 2023
Company Number
SC720337 (Scotland)
Registered Office
7 Cumberland Street
Edinburgh
EH3 6RT
UK
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Murray John & Associates Ltd
Statement of financial position
as at 30 April 2023
Intangible assets
1,763,200
Cash at bank and in hand
46,856
Creditors: amounts falling due within one year
(116,978)
Net current liabilities
(70,122)
Total assets less current liabilities
1,782,578
Creditors: amounts falling due after more than one year
(75,760)
Called up share capital
1,600,100
Profit and loss account
106,718
Shareholders' funds
1,706,818
For the period ending 30 April 2023 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 director acknowledges his 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 and authorised for issue on 21 August 2023 and were signed on its behalf by
Ian Murray John
Director
Company Registration No. SC720337
Murray John & Associates Ltd
Notes to the Accounts
for the period from 19 January 2022 to 30 April 2023
Murray John & Associates Ltd is a private company, limited by shares, registered in Scotland, registration number SC720337. The registered office is 7 Cumberland Street, Edinburgh, EH3 6RT, UK.
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 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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 April 2023
1,794,400
Charge for the period
31,200
At 30 April 2023
1,763,200
The company purchased the goodwill of the former unincorporated business of Murray John & Associates for its market valuation of £1.6m. In the opinion of the director, the continued profitability of the company indicates that there has been no reduction in the value of this goodwill and accordingly no amortisation has been provided.
Goodwill purchased from unconnected parties is being written down over five years in equal instalments.
Murray John & Associates Ltd
Notes to the Accounts
for the period from 19 January 2022 to 30 April 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
92,000
27,333
119,333
At 30 April 2023
92,000
27,333
119,333
Charge for the period
23,000
6,833
29,833
At 30 April 2023
23,000
6,833
29,833
At 30 April 2023
69,000
20,500
89,500
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
45,733
Obligations under finance leases and hire purchase contracts
17,633
Taxes and social security
53,484
7
Creditors: amounts falling due after more than one year
2023
Obligations under finance leases and hire purchase contracts
42,549
8
Average number of employees
During the period the average number of employees was 5.