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REGISTERED NUMBER: SC298108 (Scotland)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Murdoch Brothers Butchers Ltd.

Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Contents of the Financial Statements
for the year ended 31st October 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Murdoch Brothers Butchers Ltd.

Company Information
for the year ended 31st October 2023







Directors: R D Murdoch
G Murdoch





Secretary: G Murdoch





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC298108 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Murdoch Brothers Butchers Ltd.


The following reproduces the text of the report prepared for the directors 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 Directors 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 Murdoch Brothers Butchers Ltd. for the year ended 31st October 2023 which comprise the Statement of Income and Retained Earnings, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Murdoch Brothers Butchers Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Murdoch Brothers Butchers Ltd. and state those matters that we have agreed to state to the Board of Directors of Murdoch Brothers Butchers Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Murdoch Brothers Butchers 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 Murdoch Brothers Butchers Ltd.. You consider that Murdoch Brothers Butchers 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 Murdoch Brothers Butchers 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


19th August 2024

Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 269,755 291,319
269,755 291,319

Current assets
Stocks 23,000 18,764
Debtors 6 146,233 155,081
Cash at bank and in hand 1,059,019 1,045,692
1,228,252 1,219,537
Creditors
Amounts falling due within one year 7 355,256 498,424
Net current assets 872,996 721,113
Total assets less current liabilities 1,142,751 1,012,432

Creditors
Amounts falling due after more than one year 8 (110,728 ) (106,870 )

Provisions for liabilities (11,846 ) (12,728 )
Net assets 1,020,177 892,834

Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Balance Sheet - continued
31st October 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 102 102
Retained earnings 1,020,075 892,732
1,020,177 892,834

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





G Murdoch - Director


Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Notes to the Financial Statements
for the year ended 31st October 2023


1. Statutory information

Murdoch Brothers Butchers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


2. Accounting policies - continued
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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 23 (2022 - 21 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st November 2022
and 31st October 2023 50,000
Amortisation
At 1st November 2022
and 31st October 2023 50,000
Net book value
At 31st October 2023 -
At 31st October 2022 -

Murdoch Brothers Butchers Ltd. (Registered number: SC298108)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


5. Tangible fixed assets
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st November 2022 424,442 348,290 70,427 6,598 849,757
Disposals - - (20,462 ) - (20,462 )
At 31st October 2023 424,442 348,290 49,965 6,598 829,295
Depreciation
At 1st November 2022 184,294 314,453 57,790 1,901 558,438
Charge for year 8,562 8,460 2,997 896 20,915
Eliminated on disposal - - (19,813 ) - (19,813 )
At 31st October 2023 192,856 322,913 40,974 2,797 559,540
Net book value
At 31st October 2023 231,586 25,377 8,991 3,801 269,755
At 31st October 2022 240,148 33,837 12,637 4,697 291,319

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 136,911 121,923
Other debtors 9,322 33,158
146,233 155,081

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 13,171 33,582
Taxation and social security 50,856 46,174
Other creditors 291,229 418,668
355,256 498,424

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 110,728 106,870