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REGISTERED NUMBER: SC011278 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Murdoch Mackenzie Limited

Murdoch Mackenzie Limited (Registered number: SC011278)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murdoch Mackenzie Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: R.J MacKenzie
D.D MacKenzie
M Mackenzie





SECRETARY: M MacKenzie





REGISTERED OFFICE: Coursington Road
Motherwell
ML1 1NR





REGISTERED NUMBER: SC011278 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Murdoch Mackenzie Limited (Registered number: SC011278)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 67,416 67,416
Investments 5 292,425 130,000
359,841 197,416

CURRENT ASSETS
Debtors 6 577,979 567,393
Cash at bank 852,628 820,252
1,430,607 1,387,645
CREDITORS
Amounts falling due within one year 7 (1,530,108 ) (1,148,525 )
NET CURRENT (LIABILITIES)/ASSETS (99,501 ) 239,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,340

436,536

CAPITAL AND RESERVES
Called up share capital 111,180 111,180
Capital redemption reserve 133,720 133,720
Retained earnings 15,440 191,636
SHAREHOLDERS' FUNDS 260,340 436,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Murdoch Mackenzie Limited (Registered number: SC011278)

Balance Sheet - continued
30 September 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 10 September 2024 and were signed on its behalf by:





R.J MacKenzie - Director


Murdoch Mackenzie Limited (Registered number: SC011278)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Murdoch Mackenzie 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. 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.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery Depreciation evenly over the estimated lives of assets which range
from 3 - 10 years

Freehold buildings are not depreciated as the charge would be immaterial.

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Investments in subsidiaries
Investments in subsidiaries are shown as fair value. Where this can not be measured reliably, they are shown as purchase cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

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 balance sheet date.

Murdoch Mackenzie Limited (Registered number: SC011278)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

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.

Leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Other investments
Other investments are stated at fair value with any movement in the year being recognised through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 67,416 14,295 81,711
DEPRECIATION
At 1 October 2022
and 30 September 2023 - 14,295 14,295
NET BOOK VALUE
At 30 September 2023 67,416 - 67,416
At 30 September 2022 67,416 - 67,416

Murdoch Mackenzie Limited (Registered number: SC011278)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 130,000 - 130,000
Additions - 162,982 162,982
Revaluations - (557 ) (557 )
At 30 September 2023 130,000 162,425 292,425
NET BOOK VALUE
At 30 September 2023 130,000 162,425 292,425
At 30 September 2022 130,000 - 130,000

For shares in group undertakings fair value could not be measured reliably and are therefore shown at purchase price.

Other investments are held at fair value. The historic cost of other investments is £ 162,982.

6. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 9,702 13,122
Amounts owed by group undertakings 45,000 45,000
Other debtors 7,406 6,222
62,108 64,344

Amounts falling due after more than one year:
Amounts owed by group undertakings 515,871 503,049

Aggregate amounts 577,979 567,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 14,366 10,086
Amounts owed to group undertakings 1,495,307 1,122,417
Taxation and social security 10,591 9,324
Other creditors 9,844 6,698
1,530,108 1,148,525

8. LEASING AGREEMENTS
At the year end the company had outstanding £408 (2022: £1,412) in noncancellable operating leases.

Murdoch Mackenzie Limited (Registered number: SC011278)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. CONTINGENT LIABILITIES

Under the Value Added Tax Act 1994 all members of a VAT Group are jointly and severally liable for any tax due. The liability not reflected in the Financial Statements of the company at 30 September 2023 was £81,034 (2022: £85,793).

As security for borrowing facilities within the group the bank holds an unlimited intercompany composite guarantee. The guarantee is supported by a bond and floating charge over the assets of the company.

The bank holds a standard security over Coursington Road, Motherwell.