IRIS Accounts Production v24.2.0.383 SC398941 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3989412023-03-31SC3989412024-03-31SC3989412023-04-012024-03-31SC3989412022-03-31SC3989412022-04-012023-03-31SC3989412023-03-31SC398941ns15:Scotland2023-04-012024-03-31SC398941ns14:PoundSterling2023-04-012024-03-31SC398941ns10:Director12023-04-012024-03-31SC398941ns10:Director22023-04-012024-03-31SC398941ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC398941ns10:SmallEntities2023-04-012024-03-31SC398941ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC398941ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC398941ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC398941ns10:FullAccounts2023-04-012024-03-31SC398941ns10:RegisteredOffice2023-04-012024-03-31SC398941ns5:CurrentFinancialInstruments2024-03-31SC398941ns5:CurrentFinancialInstruments2023-03-31SC398941ns5:Non-currentFinancialInstruments2024-03-31SC398941ns5:Non-currentFinancialInstruments2023-03-31SC398941ns5:ShareCapital2024-03-31SC398941ns5:ShareCapital2023-03-31SC398941ns5:RetainedEarningsAccumulatedLosses2024-03-31SC398941ns5:RetainedEarningsAccumulatedLosses2023-03-31SC398941ns5:PlantMachinery2023-04-012024-03-31SC398941ns5:MotorVehicles2023-04-012024-03-31SC398941ns5:PlantMachinery2023-03-31SC398941ns5:MotorVehicles2023-03-31SC398941ns5:PlantMachinery2024-03-31SC398941ns5:MotorVehicles2024-03-31SC398941ns5:PlantMachinery2023-03-31SC398941ns5:MotorVehicles2023-03-31SC398941ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC398941ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC398941ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-31SC398941ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-31SC398941ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC398941ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC398941 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Murray & Buchan Joinery Ltd.

Murray & Buchan Joinery Ltd. (Registered number: SC398941)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murray & Buchan Joinery Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr K Murray
Mr C Buchan





REGISTERED OFFICE: 16 St Kilda Avenue
Peterhead
Aberdeenshire
AB42 2UA





REGISTERED NUMBER: SC398941 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Murray & Buchan Joinery Ltd. (Registered number: SC398941)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,333 24,291

CURRENT ASSETS
Debtors 5 29,190 18,555
Cash at bank 8,606 6,315
37,796 24,870
CREDITORS
Amounts falling due within one year 6 20,717 14,219
NET CURRENT ASSETS 17,079 10,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,412

34,942

CREDITORS
Amounts falling due after more than one
year

7

(10,976

)

(14,635

)

PROVISIONS FOR LIABILITIES (3,658 ) (4,615 )
NET ASSETS 20,778 15,692

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,776 15,690
SHAREHOLDERS' FUNDS 20,778 15,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Murray & Buchan Joinery Ltd. (Registered number: SC398941)

Balance Sheet - continued
31 March 2024


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 20 September 2024 and were signed on its behalf by:




Mr K Murray - Director



Mr C Buchan - Director


Murray & Buchan Joinery Ltd. (Registered number: SC398941)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Murray & Buchan Joinery 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Murray & Buchan Joinery Ltd. (Registered number: SC398941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,397 21,995 27,392
DEPRECIATION
At 1 April 2023 3,101 - 3,101
Charge for year 459 5,499 5,958
At 31 March 2024 3,560 5,499 9,059
NET BOOK VALUE
At 31 March 2024 1,837 16,496 18,333
At 31 March 2023 2,296 21,995 24,291

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 21,995
DEPRECIATION
Charge for year 5,499
At 31 March 2024 5,499
NET BOOK VALUE
At 31 March 2024 16,496
At 31 March 2023 21,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 13,567 -
Other debtors 15,623 18,555
29,190 18,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,659 3,659
Taxation and social security 11,442 5,036
Other creditors 5,616 5,524
20,717 14,219

Murray & Buchan Joinery Ltd. (Registered number: SC398941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,976 14,635

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.