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REGISTERED NUMBER: SC108962 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

DAVID MURRAY ASSOCIATES LIMITED

DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID MURRAY ASSOCIATES LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: D G Murray





SECRETARY: S E Murray





REGISTERED OFFICE: 11 Hunters Rise
Pitmedden
Ellon
Aberdeenshire
AB41 7QD





REGISTERED NUMBER: SC108962 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

Balance Sheet
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,944 2,504

CURRENT ASSETS
Stocks 36,425 57,000
Debtors 5 4,237 29,044
Cash at bank and in hand 159,690 111
200,352 86,155
CREDITORS
Amounts falling due within one year 6 80,575 78,401
NET CURRENT ASSETS 119,777 7,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,721

10,258

CREDITORS
Amounts falling due after more than one year 7 - 18,000
NET ASSETS/(LIABILITIES) 123,721 (7,742 )

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 113,721 (17,742 )
SHAREHOLDERS' FUNDS 123,721 (7,742 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

Balance Sheet - continued
31 JANUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





D G Murray - Director


DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

David Murray Associates 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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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 2 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2024 38,505
Additions 2,755
At 31 January 2025 41,260
DEPRECIATION
At 1 February 2024 36,001
Charge for year 1,315
At 31 January 2025 37,316
NET BOOK VALUE
At 31 January 2025 3,944
At 31 January 2024 2,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 4,216 29,000
Prepayments and accrued income 21 44
4,237 29,044

DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts - 28,110
Tax 21,169 -
Social security and other taxes - 609
VAT 29,852 3,878
Directors' current accounts 27,854 44,104
Accruals and deferred income 1,700 1,700
80,575 78,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years - 18,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
5,000 Ordinary £1 5,000 5,000
5,000 "A" Ordinary Shares £1 5,000 5,000
10,000 10,000