IRIS Accounts Production v23.3.0.418 SC037635 Board of Directors 4.6.22 3.6.23 3.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0376352022-06-03SC0376352023-06-03SC0376352022-06-042023-06-03SC0376352021-06-03SC0376352021-06-042022-06-03SC0376352022-06-03SC037635ns10:Originalns15:Scotland2022-06-042023-06-03SC037635ns14:PoundSterlingns10:Original2022-06-042023-06-03SC037635ns10:Originalns10:Director12022-06-042023-06-03SC037635ns10:Original2022-06-042023-06-03SC037635ns10:Original2023-06-03SC037635ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-042023-06-03SC037635ns10:Originalns10:SmallEntities2022-06-042023-06-03SC037635ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-042023-06-03SC037635ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-042023-06-03SC037635ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-042023-06-03SC037635ns10:Originalns10:AbridgedAccounts2022-06-042023-06-03SC037635ns10:Original2022-06-03SC037635ns10:Originalns5:CurrentFinancialInstruments2023-06-03SC037635ns10:Originalns5:CurrentFinancialInstruments2022-06-03SC037635ns5:ShareCapitalns10:Original2023-06-03SC037635ns5:ShareCapitalns10:Original2022-06-03SC037635ns10:Originalns5:RevaluationReserve2023-06-03SC037635ns10:Originalns5:RevaluationReserve2022-06-03SC037635ns10:Originalns5:CapitalRedemptionReserve2023-06-03SC037635ns10:Originalns5:CapitalRedemptionReserve2022-06-03SC037635ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-03SC037635ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-03SC037635ns10:Originalns10:RegisteredOffice2022-06-042023-06-03SC037635ns10:Original2021-06-042022-06-03SC037635ns10:Original2022-06-03SC037635ns10:Originalns5:RevaluationReserve2022-06-03
REGISTERED NUMBER: SC037635 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3 JUNE 2023

FOR

MURRAYS (PORT GLASGOW) LIMITED

MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 3 June 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 4


MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)

ABRIDGED BALANCE SHEET
3 June 2023

3.6.23 3.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,303 49,794
Investments 5 128,000 128,000
174,303 177,794

CURRENT ASSETS
Stocks 3,316 3,247
Debtors 2,116 9,227
Cash at bank 50,757 9,762
56,189 22,236
CREDITORS
Amounts falling due within one year 32,173 16,467
NET CURRENT ASSETS 24,016 5,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,319

183,563

PROVISIONS FOR LIABILITIES 1,002 1,218
NET ASSETS 197,317 182,345

CAPITAL AND RESERVES
Called up share capital 840 840
Revaluation reserve 6 32,083 32,083
Capital redemption reserve 160 160
Retained earnings 164,234 149,262
197,317 182,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)

ABRIDGED BALANCE SHEET - continued
3 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 3 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)

ABRIDGED BALANCE SHEET - continued
3 June 2023



The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





G S Murray - Director


MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 3 June 2023

1. STATUTORY INFORMATION

Murrays (Port Glasgow) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC037635

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MURRAYS (PORT GLASGOW) LIMITED (REGISTERED NUMBER: SC037635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 3 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 4 June 2022
and 3 June 2023 198,961
DEPRECIATION
At 4 June 2022 149,167
Charge for year 3,491
At 3 June 2023 152,658
NET BOOK VALUE
At 3 June 2023 46,303
At 3 June 2022 49,794

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 4 June 2022
and 3 June 2023 128,000
NET BOOK VALUE
At 3 June 2023 128,000
At 3 June 2022 128,000

6. RESERVES
Revaluation
reserve
£   
At 4 June 2022
and 3 June 2023 32,083