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REGISTERED NUMBER: SC067668 (Scotland)















Financial Statements for the Year Ended 31 July 2023

for

W. & R. Murray (Alford) Limited

W. & R. Murray (Alford) Limited (Registered number: SC067668)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W. & R. Murray (Alford) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr G J Smith
Mr A G Smith





SECRETARY: Mrs P Wilkie





REGISTERED OFFICE: The Garage
Main Street
Alford
Aberdeenshire
AB33 8AD





REGISTERED NUMBER: SC067668 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

W. & R. Murray (Alford) Limited (Registered number: SC067668)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 35,380

CURRENT ASSETS
Debtors 6 165,000 134
Cash at bank 12,518 26
177,518 160
CREDITORS
Amounts falling due within one year 7 148,325 205,197
NET CURRENT ASSETS/(LIABILITIES) 29,193 (205,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,193

(169,657

)

CREDITORS
Amounts falling due after more than one
year

8

-

68,020
NET ASSETS/(LIABILITIES) 29,193 (237,677 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 96,307 96,307
Retained earnings (167,114 ) (433,984 )
SHAREHOLDERS' FUNDS 29,193 (237,677 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

W. & R. Murray (Alford) Limited (Registered number: SC067668)

Statement of Financial Position - continued
31 July 2023


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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr A G Smith - Director


W. & R. Murray (Alford) Limited (Registered number: SC067668)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

W. & R. Murray (Alford) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced for services provided during the period the income is accrued and included in debtors under prepayments and accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on cost and 10% on cost

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 statement of financial position date.


W. & R. Murray (Alford) Limited (Registered number: SC067668)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 89,972 132,909 222,881
Disposals (89,972 ) (132,909 ) (222,881 )
At 31 July 2023 - - -
DEPRECIATION
At 1 August 2022 55,779 131,722 187,501
Charge for year 408 191 599
Eliminated on disposal (56,187 ) (131,913 ) (188,100 )
At 31 July 2023 - - -
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 34,193 1,187 35,380

Included in cost of land and buildings is freehold land of £ 20,000 (2022 - £ 20,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 165,000 46
Other debtors - 88
165,000 134

W. & R. Murray (Alford) Limited (Registered number: SC067668)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 53,844
Trade creditors - 137
Other creditors 148,325 151,216
148,325 205,197

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 68,020

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 16,698

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 45,466

The bank holds a Bond and Floating Charge for all monies due and also Standard Securities over the company's property.