2023-02-012024-01-312024-01-31falseSC719105JUNE MURRAY WEALTH MANAGEMENT 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JUNE MURRAY WEALTH MANAGEMENT LTD

Registered Number
SC719105
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

JUNE MURRAY WEALTH MANAGEMENT LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

MURRAY, June

Registered Address

Mckellar Accountancy Unit 3.2
1 Macdowall Street
Paisley
PA3 2NB

Registered Number

SC719105 (Scotland)
JUNE MURRAY WEALTH MANAGEMENT LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets392,05892,058
92,05892,058
Current assets
Debtors2,9655,649
Cash at bank and on hand5,3531,971
8,3187,620
Creditors amounts falling due within one year4(22,068)(18,722)
Net current assets (liabilities)(13,750)(11,102)
Total assets less current liabilities78,30880,956
Creditors amounts falling due after one year5(75,716)(80,358)
Net assets2,592598
Capital and reserves
Called up share capital11
Profit and loss account2,591597
Shareholders' funds2,592598
The financial statements were approved and authorised for issue by the Director on 12 August 2024, and are signed on its behalf by:
MURRAY, June
Director
Registered Company No. SC719105
JUNE MURRAY WEALTH MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment loss. Any intangibles assets carried at revalued amounts, are recorder at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 20% straight line If there is an indication that there has been significant change in amortisation rate, useful or residual value of an intangible asset, the amortisation is revised prospectively to reflect new estimates

Goodwill

Total

££
Cost or valuation
At 01 February 2392,05892,058
At 31 January 2492,05892,058
Net book value
At 31 January 2492,05892,058
At 31 January 2392,05892,058
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables144-
Taxation and social security10,6087,406
Other creditors11,31611,316
Total22,06818,722
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Other creditors75,71680,358
Total75,71680,358