Company registration number SC617698 (Scotland)
Paul Murray Pumping Services Limited
Unaudited financial statements
for the year ended 31 January 2024
Pages for filing with registrar
Paul Murray Pumping Services Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Paul Murray Pumping Services Limited
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paul Murray Pumping Services Limited for the year ended 31 January 2024 which comprise, the 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 the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the board of directors of Paul Murray Pumping Services Limited, as a body, in accordance with the terms of our engagement letter dated 11 May 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Murray Pumping Services Limited and state those matters that we have agreed to state to the board of directors of Paul Murray Pumping Services Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Murray Pumping Services Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Paul Murray Pumping Services Limited 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 loss of Paul Murray Pumping Services Limited. You consider that Paul Murray Pumping Services Limited 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 Paul Murray Pumping Services Limited. 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.
James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
30 October 2024
Paul Murray Pumping Services Limited
Balance sheet
as at 31 January 2024
31 January 2024
2
2024
2023
Notes
£
£
£
£
Current assets
Debtors
336
2,776
Cash at bank and in hand
109
1
445
2,777
Creditors: amounts falling due within one year
(1,638)
(1,638)
Net current (liabilities)/assets
(1,193)
1,139
Creditors: amounts falling due after more than one year
(1,198)
(2,893)
Net liabilities
(2,391)
(1,754)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(2,491)
(1,854)
Total equity
(2,391)
(1,754)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Murray Pumping Services Limited
Balance sheet (continued)
as at 31 January 2024
31 January 2024
3
The financial statements were approved by the board of directors and authorised for issue on 26 October 2024 and are signed on its behalf by:
Paul C. Murray
Director
Company registration number SC617698 (Scotland)
Paul Murray Pumping Services Limited
Notes to the financial statements
for the year ended 31 January 2024
4
1
Accounting policies
Company information
Paul Murray Pumping Services Limited is a private company limited by shares incorporated in Scotland. The registered office and trading address is 6 Kinnairdy Terrace, Torphins, Banchory, AB31 4HH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Paul Murray Pumping Services Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
5
2
Tangible fixed assets
Total
£
Cost
At 1 February 2023
480
Disposals
(480)
At 31 January 2024
Depreciation and impairment
At 1 February 2023
480
Eliminated in respect of disposals
(480)
At 31 January 2024
Carrying amount
At 31 January 2024
At 31 January 2023
Paul Murray Pumping Services Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
6
3
Directors' transactions
Description
Opening balance (debit)
Amounts advanced
Amounts repaid
Closing balance (debit)
£
£
£
£
Paul C. Murray - Director's account
-
2,364
(2,700)
(336)
-
2,364
(2,700)
(336)