MURRAY METALS LIMITED

Company Registration Number:
SC417296 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

MURRAY METALS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MURRAY METALS LIMITED

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Sir D E Murray
David D Murray
E Campbell
C J McDermid


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 April 2024

And signed on behalf of the board by:
Name: E Campbell
Status: Director

MURRAY METALS LIMITED

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 17,460 ) ( 18,277 )
Other operating income: 0 265,203
Operating profit(or loss): (17,460) 246,926
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (17,460) 246,926
Tax: 0 40,628
Profit(or loss) for the financial year: (17,460) 287,554

MURRAY METALS LIMITED

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 6,000,000 6,000,000
Total fixed assets: 6,000,000 6,000,000
Current assets
Stocks:   0 0
Debtors: 4 3,478,870 40,828
Cash at bank and in hand: 4,127 61,387
Investments:   0 0
Total current assets: 3,482,997 102,215
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 3,165,417 ) ( 3,205,417 )
Net current assets (liabilities): 317,580 (3,103,202)
Total assets less current liabilities: 6,317,580 2,896,798
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 6,317,580 2,896,798
Capital and reserves
Called up share capital: 99,000 99,000
Share premium account: 9,000 9,000
Other reserves: 0 0
Profit and loss account: 6,209,580 2,788,798
Total Shareholders' funds: 6,317,580 2,896,798

The notes form part of these financial statements

MURRAY METALS LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 April 2024
and signed on behalf of the board by:

Name: E Campbell
Status: Director

The notes form part of these financial statements

MURRAY METALS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised to the extent that the Company obtains the right to consideration in exchange for its performance . Turnover is measured at the fair value of the consideration received, excluding discounts, rebates VAT and other sales taxes or duty.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are shown at cost, net of depreciation and any provision for impairment. Depreciation is provided on all property, plant and equipment, with the exception of freehold land and assets in the course of construction, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as followsFreehold buildings 2% per annum straight lineLeasehold impairments over the remaining term of the leasePlant and machinery 5 - 33% per annum straight lineComputer and office equipment 10 - 50% per annum straight lineMotor vehicles 20 % per annum straight lineResidual value is calculated on prices prevailing at the date of acquisition. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

MURRAY METALS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MURRAY METALS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Fixed assets investments note

Cost At 1 July 2022 £6,000,000Provision for impairment in value £nilAt 30 June 2023 £6,000,000At 30 June 2023 the company held investments in the following subsidiary undertakingsCompany - Hillfoot Steel LimitedPrincipal activity - Steel stockholding and processing Country of incorporation - EnglandHolding - Ordinary Shareholding 88%Company - Murray Plate Group Limited Principal activity - Steel stockholding and processingCountry of incorporation - ScotlandHolding - OrdinaryShareholding - 84%

MURRAY METALS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 3,478,870 40,828
Total 3,478,870 40,828
Debtors due after more than one year: 0 0

MURRAY METALS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 3,165,417 3,205,417
Total 3,165,417 3,205,417