Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC123091 2023-07-01 2024-06-30 SC123091 2022-07-01 2023-06-30 SC123091 2024-06-30 SC123091 2023-06-30 SC123091 c:CompanySecretary1 2023-07-01 2024-06-30 SC123091 c:Director1 2023-07-01 2024-06-30 SC123091 c:Director2 2023-07-01 2024-06-30 SC123091 c:RegisteredOffice 2023-07-01 2024-06-30 SC123091 d:Buildings 2023-07-01 2024-06-30 SC123091 d:Buildings 2024-06-30 SC123091 d:Buildings 2023-06-30 SC123091 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC123091 d:PlantMachinery 2023-07-01 2024-06-30 SC123091 d:PlantMachinery 2024-06-30 SC123091 d:PlantMachinery 2023-06-30 SC123091 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC123091 d:MotorVehicles 2023-07-01 2024-06-30 SC123091 d:MotorVehicles 2024-06-30 SC123091 d:MotorVehicles 2023-06-30 SC123091 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC123091 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC123091 d:CurrentFinancialInstruments 2024-06-30 SC123091 d:CurrentFinancialInstruments 2023-06-30 SC123091 d:Non-currentFinancialInstruments 2024-06-30 SC123091 d:Non-currentFinancialInstruments 2023-06-30 SC123091 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC123091 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC123091 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC123091 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC123091 d:ShareCapital 2024-06-30 SC123091 d:ShareCapital 2023-06-30 SC123091 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC123091 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC123091 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC123091 c:OrdinaryShareClass1 2024-06-30 SC123091 c:OrdinaryShareClass1 2023-06-30 SC123091 c:FRS102 2023-07-01 2024-06-30 SC123091 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC123091 c:FullAccounts 2023-07-01 2024-06-30 SC123091 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC123091 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC123091










JOHN STUART (MURRIAL) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
JOHN STUART (MURRIAL) LIMITED
 

COMPANY INFORMATION


DIRECTORS
J R Stuart 
S M Stuart 




COMPANY SECRETARY
S M Stuart



REGISTERED NUMBER
SC123091



REGISTERED OFFICE
Murrial
Insch

Aberdeenshire

AB52 6NU




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
JOHN STUART (MURRIAL) LIMITED
REGISTERED NUMBER: SC123091

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,272,543
1,223,615

Investments
 5 
140
140

  
1,272,683
1,223,755

CURRENT ASSETS
  

Stocks
  
198,499
184,813

Debtors: amounts falling due within one year
 6 
37,475
48,678

Cash at bank and in hand
  
399,076
399,829

  
635,050
633,320

Creditors: amounts falling due within one year
 7 
(179,663)
(189,459)

NET CURRENT ASSETS
  
 
 
455,387
 
 
443,861

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,728,070
1,667,616

Creditors: amounts falling due after more than one year
 8 
(1,135,881)
(1,160,345)

  

NET ASSETS
  
592,189
507,271


CAPITAL AND RESERVES
  

Called up share capital 
 9 
7,643
7,643

Profit and loss account
  
584,546
499,628

  
592,189
507,271


Page 1

 
JOHN STUART (MURRIAL) LIMITED
REGISTERED NUMBER: SC123091

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 March 2025.




J R Stuart
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JOHN STUART (MURRIAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

John Stuart (Murrial) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC123091. The registered office and principal place of business is Murrial, Insch, Aberdeenshire, AB52 6NU.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
JOHN STUART (MURRIAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows..

Depreciation is provided on the following basis:

Heritable property
-
0% straight line
Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
JOHN STUART (MURRIAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Heritable property
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 July 2023
1,244,391
253,674
62,859
1,560,924


Additions
-
126,645
-
126,645


Disposals
(30,297)
(60,850)
-
(91,147)



At 30 June 2024

1,214,094
319,469
62,859
1,596,422



DEPRECIATION


At 1 July 2023
121,366
189,049
26,894
337,309


Charge for the year on owned assets
-
21,580
7,193
28,773


Disposals
-
(42,203)
-
(42,203)



At 30 June 2024

121,366
168,426
34,087
323,879



NET BOOK VALUE



At 30 June 2024
1,092,728
151,043
28,772
1,272,543



At 30 June 2023
1,123,025
64,625
35,965
1,223,615

Page 5

 
JOHN STUART (MURRIAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 July 2023
140



At 30 June 2024
140





6.


DEBTORS

2024
2023
£
£


Trade debtors
1,014
11,190

Other debtors
19,303
524

Deferred taxation
17,158
36,964

37,475
48,678



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
22,349
23,328

Other loans
6,381
5,946

Trade creditors
20,833
37,875

Other taxation and social security
6,491
12,726

Obligations under finance lease and hire purchase contracts
33,519
15,360

Other creditors
7,382
18,532

Accruals and deferred income
82,708
75,692

179,663
189,459


Liabilities held under hire purchase are secured over the assets to which they relate.
The bank loan is secured in favour of the Agricultural Mortgage Corporation plc who hold a bond and floating charge over the assets held in the company.
Included within other loans is a Bounce Back loan of £50,000 from the UK Government due to the COVID-19 pandemic. This loan is guaranteed by the UK government and interest is due after 12 months at 2.5%. It is repayable in 60 instalments.

Page 6

 
JOHN STUART (MURRIAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,076,626
1,097,655

Other loans
31,375
37,660

Net obligations under finance leases and hire purchase contracts
27,880
25,030

1,135,881
1,160,345


Liabilities held under hire purchase are secured over the assets to which they relate.
The bank loan is secured in favour of the Agricultural Mortgage Corporation plc who hold a bond and floating charge over the assets held in the company.
Included within other loans is a Bounce Back loan of £50,000 from the UK Government due to the COVID-19 pandemic. This loan is guaranteed by the UK government and interest is due after 12 months at 2.5%. It is repayable in 60 instalments.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



7,643 (2023 - 7,643) £1 ordinary shares of £1.00 each
7,643
7,643



Page 7