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REGISTERED NUMBER: SC497269 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Moray Global Limited

Moray Global Limited (Registered number: SC497269)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moray Global Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr P G Griffin





REGISTERED OFFICE: 9 Carlton Place
Aberdeen
AB15 4BR





REGISTERED NUMBER: SC497269 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Moray Global Limited (Registered number: SC497269)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,732 1,784

CURRENT ASSETS
Debtors 5 264,553 241,930
Cash at bank 243,760 155,549
508,313 397,479
CREDITORS
Amounts falling due within one year 6 67,260 44,369
NET CURRENT ASSETS 441,053 353,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,785

354,894

CREDITORS
Amounts falling due after more than one
year

7

(13,341

)

(23,213

)

PROVISIONS FOR LIABILITIES (643 ) (339 )
NET ASSETS 429,801 331,342

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 429,701 331,242
429,801 331,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Moray Global Limited (Registered number: SC497269)

Balance Sheet - continued
29 February 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 director and authorised for issue on 27 November 2024 and were signed by:





Mr P G Griffin - Director


Moray Global Limited (Registered number: SC497269)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Moray Global 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.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Moray Global Limited (Registered number: SC497269)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 389 5,150 5,539
Additions - 2,681 2,681
Disposals - (2,298 ) (2,298 )
At 29 February 2024 389 5,533 5,922
DEPRECIATION
At 1 March 2023 287 3,468 3,755
Charge for year 20 1,713 1,733
Eliminated on disposal - (2,298 ) (2,298 )
At 29 February 2024 307 2,883 3,190
NET BOOK VALUE
At 29 February 2024 82 2,650 2,732
At 28 February 2023 102 1,682 1,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 54,398 -
Amounts recoverable on contract - 36,668
Other debtors 210,155 205,262
264,553 241,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,648 10,648
Taxation and social security 54,861 31,870
Other creditors 1,751 1,851
67,260 44,369

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,341 23,213

Moray Global Limited (Registered number: SC497269)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr P G Griffin
Balance outstanding at start of year 61,927 61,892
Amounts advanced 6,924 1,226
Amounts repaid (626 ) (1,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,225 61,927

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P G Griffin.