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REGISTERED NUMBER: SC233895 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MURDOCH ALLAN & SON LIMITED

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


MURDOCH ALLAN & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr P M Allan
Mrs K E Allan





SECRETARY: Mrs K E Allan





REGISTERED OFFICE: 7 Station Road
Hatton
Peterhead
Aberdeenshire
AB42 0RY





REGISTERED NUMBER: SC233895 (Scotland)





ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,679,882 1,995,538
Investments 5 20,000 -
Investment property 6 204,200 204,200
2,904,082 2,199,738

CURRENT ASSETS
Stocks 364,982 239,685
Debtors 7 736,324 585,749
Cash at bank and in hand 125,492 295,740
1,226,798 1,121,174
CREDITORS
Amounts falling due within one year 8 1,766,036 1,141,458
NET CURRENT LIABILITIES (539,238 ) (20,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,364,844

2,179,454

CREDITORS
Amounts falling due after more than one year 9 (1,036,131 ) (854,865 )

PROVISIONS FOR LIABILITIES (292,452 ) (240,116 )
NET ASSETS 1,036,261 1,084,473

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 7,733 7,733
Retained earnings 11 1,028,428 1,076,640
1,036,261 1,084,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





Mr P M Allan - Director


MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Murdoch Allan & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Heritable property - over 50 years
Plant and equipment - over 3 to 15 years
Motor vehicles - over 4 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

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.

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 170 (2023 - 143 ) .

4. TANGIBLE FIXED ASSETS
Heritable Plant and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 917,591 1,461,163 252,140 2,630,894
Additions 610,200 117,532 165,985 893,717
Disposals - - (68,340 ) (68,340 )
At 31 August 2024 1,527,791 1,578,695 349,785 3,456,271
DEPRECIATION
At 1 September 2023 53,647 469,631 112,078 635,356
Charge for year - 103,559 73,260 176,819
Eliminated on disposal - - (35,786 ) (35,786 )
At 31 August 2024 53,647 573,190 149,552 776,389
NET BOOK VALUE
At 31 August 2024 1,474,144 1,005,505 200,233 2,679,882
At 31 August 2023 863,944 991,532 140,062 1,995,538

In the opinion of the directors the estimated net residual value of heritable property is in excess of the net book value. Therefore no further depreciation has been charged during the year.

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023 143,761 133,205 276,966
Additions - 92,990 92,990
Disposals - (26,745 ) (26,745 )
At 31 August 2024 143,761 199,450 343,211
DEPRECIATION
At 1 September 2023 10,814 65,136 75,950
Charge for year 11,583 40,128 51,711
Eliminated on disposal - (22,845 ) (22,845 )
At 31 August 2024 22,397 82,419 104,816
NET BOOK VALUE
At 31 August 2024 121,364 117,031 238,395
At 31 August 2023 132,947 68,069 201,016

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 20,000
At 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 20,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 204,200
NET BOOK VALUE
At 31 August 2024 204,200
At 31 August 2023 204,200

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 612,981 478,177
Other debtors 5,426 11,954
VAT - 17,994
Prepayments and accrued income 117,917 77,624
736,324 585,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 474,274 161,744
Hire purchase contracts 88,486 79,295
Trade creditors 709,127 497,367
Social security and other
taxes 104,578 50,428
VAT 7,382 -
Other creditors and accruals 382,189 352,624
1,766,036 1,141,458

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 974,615 785,438
Hire purchase contracts 61,516 69,427
1,036,131 854,865

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 974,615 785,438

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,448,889 947,182
Hire purchase contracts 150,002 148,722
1,598,891 1,095,904

The company has granted standard securities in favour of The Royal Bank of Scotland Plc over all heritable properties owned by the company.

The company has granted a floating charge in favour of The Royal Bank of Scotland Plc over all current and future undertakings, property and assets of the company.

Hire purchase contracts are secured over the assets to which they relate.

MURDOCH ALLAN & SON LIMITED (REGISTERED NUMBER: SC233895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 1,076,640 7,733 1,084,373
Profit for the year 126,488 - 126,488
Dividends (174,700 ) - (174,700 )
At 31 August 2024 1,028,428 7,733 1,036,161

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr P M Allan and Mrs K E Allan
Balance outstanding at start of year 1,938 -
Amounts advanced - 1,938
Amounts repaid (728 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,210 1,938

The loan is interest free and there are no fixed terms of repayment.

13. ULTIMATE CONTROLLING PARTY

Mr and Mrs P Allan, directors, control the company by virtue of an interest of 90% of the issued ordinary share capital.