Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC469908 Mr Magnus Murray Mrs Tara Murray true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC469908 2023-02-28 SC469908 2024-02-29 SC469908 2023-03-01 2024-02-29 SC469908 frs-core:CurrentFinancialInstruments 2024-02-29 SC469908 frs-core:ComputerEquipment 2024-02-29 SC469908 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC469908 frs-core:ComputerEquipment 2023-02-28 SC469908 frs-core:FurnitureFittings 2024-02-29 SC469908 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC469908 frs-core:FurnitureFittings 2023-02-28 SC469908 frs-core:NetGoodwill 2024-02-29 SC469908 frs-core:NetGoodwill 2023-03-01 2024-02-29 SC469908 frs-core:NetGoodwill 2023-02-28 SC469908 frs-core:ShareCapital 2024-02-29 SC469908 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC469908 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC469908 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC469908 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC469908 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC469908 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC469908 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC469908 frs-bus:OrdinaryShareClass1 2024-02-29 SC469908 1 2023-03-01 2024-02-29 SC469908 frs-bus:Director1 2023-03-01 2024-02-29 SC469908 frs-bus:Director1 2023-02-28 SC469908 frs-bus:Director1 2024-02-29 SC469908 frs-bus:Director2 2023-03-01 2024-02-29 SC469908 frs-bus:Director2 2023-02-28 SC469908 frs-bus:Director2 2024-02-29 SC469908 frs-countries:Scotland 2023-03-01 2024-02-29 SC469908 2022-02-28 SC469908 2023-02-28 SC469908 2022-03-01 2023-02-28 SC469908 frs-core:CurrentFinancialInstruments 2023-02-28 SC469908 frs-core:ShareCapital 2023-02-28 SC469908 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC469908 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: SC469908
Magnus Murray Family Solutions Ltd
Financial Statements
For The Year Ended 29 February 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC469908
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 12,000
Tangible Assets 5 1,696 1,766
1,696 13,766
CURRENT ASSETS
Debtors 6 87,789 54,491
Cash at bank and in hand 13,418 6,642
101,207 61,133
Creditors: Amounts Falling Due Within One Year 7 (46,229 ) (29,235 )
NET CURRENT ASSETS (LIABILITIES) 54,978 31,898
TOTAL ASSETS LESS CURRENT LIABILITIES 56,674 45,664
PROVISIONS FOR LIABILITIES
Deferred Taxation (424 ) (335 )
NET ASSETS 56,250 45,329
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 56,150 45,229
SHAREHOLDERS' FUNDS 56,250 45,329
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Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Magnus Murray
Director
Mrs Tara Murray
Director
20th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Magnus Murray Family Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC469908 . The registered office is 33 Leslie Street, Blairgowrie, Perthshire, PH10 6AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover
Turnover represents net invoiced value of services provided.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 -
Sales, marketing and distribution 3 3
4 3
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 120,000
As at 29 February 2024 120,000
Amortisation
As at 1 March 2023 108,000
Provided during the period 12,000
As at 29 February 2024 120,000
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 12,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 1,543 6,107 7,650
Additions - 819 819
Disposals (587 ) (195 ) (782 )
As at 29 February 2024 956 6,731 7,687
Depreciation
As at 1 March 2023 1,400 4,484 5,884
Provided during the period 21 804 825
Disposals (528 ) (190 ) (718 )
As at 29 February 2024 893 5,098 5,991
Net Book Value
As at 29 February 2024 63 1,633 1,696
As at 1 March 2023 143 1,623 1,766
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 307 460
Other debtors 6,749 -
Directors' loan accounts 80,733 54,031
87,789 54,491
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 29,470 12,454
Other taxes and social security 2,006 2,113
Other creditors 11,917 11,917
Accruals and deferred income 2,836 2,751
46,229 29,235
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Magnus Murray (28,321 ) 31,679 44,532 - (41,174 )
Mrs Tara Murray (25,710 ) 27,211 41,060 - (39,559 )
The above loans are unsecured, interest free and repayable on demand. 
Dividends paid to directors
2024 2023
£ £
Mrs Tara Murray 27,211 24,212
Mr Magnus Murray 28,320 25,200
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 55,531 49,412
11. Ultimate Controlling Party
Mr M & Mrs T Murray own 100% of the share capital of the company and therefore have joint control.
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