IRIS Accounts Production v25.1.4.42 SC240950 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2409502023-12-31SC2409502024-12-31SC2409502024-01-012024-12-31SC2409502022-12-31SC2409502023-01-012023-12-31SC2409502023-12-31SC240950ns15:Scotland2024-01-012024-12-31SC240950ns14:PoundSterling2024-01-012024-12-31SC240950ns10:Director12024-01-012024-12-31SC240950ns10:Director22024-01-012024-12-31SC240950ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC240950ns10:SmallEntities2024-01-012024-12-31SC240950ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC240950ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC240950ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC240950ns10:FullAccounts2024-01-012024-12-31SC240950ns10:Director32024-01-012024-12-31SC240950ns10:CompanySecretary12024-01-012024-12-31SC240950ns10:RegisteredOffice2024-01-012024-12-31SC240950ns5:CurrentFinancialInstruments2024-12-31SC240950ns5:CurrentFinancialInstruments2023-12-31SC240950ns5:Non-currentFinancialInstruments2024-12-31SC240950ns5:Non-currentFinancialInstruments2023-12-31SC240950ns5:ShareCapital2024-12-31SC240950ns5:ShareCapital2023-12-31SC240950ns5:RetainedEarningsAccumulatedLosses2024-12-31SC240950ns5:RetainedEarningsAccumulatedLosses2023-12-31SC240950ns5:PlantMachinery2024-01-012024-12-31SC240950ns5:MotorVehicles2024-01-012024-12-31SC240950ns5:ComputerEquipment2024-01-012024-12-31SC240950ns5:PlantMachinery2023-12-31SC240950ns5:MotorVehicles2023-12-31SC240950ns5:ComputerEquipment2023-12-31SC240950ns5:PlantMachinery2024-12-31SC240950ns5:MotorVehicles2024-12-31SC240950ns5:ComputerEquipment2024-12-31SC240950ns5:PlantMachinery2023-12-31SC240950ns5:MotorVehicles2023-12-31SC240950ns5:ComputerEquipment2023-12-31SC240950ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC240950ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: SC240950 (Scotland)















I M MURRAY ENGINEERING LIMITED

Financial Statements for the Year Ended 31 December 2024






I M MURRAY ENGINEERING LIMITED (REGISTERED NUMBER: SC240950)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I M MURRAY ENGINEERING LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Maclean
Mrs J Murray
I A Murray





SECRETARY: Mrs K Maclean





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC240950 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

I M MURRAY ENGINEERING LIMITED (REGISTERED NUMBER: SC240950)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,890 66,813

CURRENT ASSETS
Stocks 85,000 29,343
Debtors 5 87,516 132,483
Cash at bank 301,883 96,616
474,399 258,442
CREDITORS
Amounts falling due within one year 6 98,072 51,128
NET CURRENT ASSETS 376,327 207,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,217

274,127

CREDITORS
Amounts falling due after more than one
year

7

(4,379

)

(7,470

)

PROVISIONS FOR LIABILITIES (21,435 ) -
NET ASSETS 455,403 266,657

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 455,303 266,557
SHAREHOLDERS' FUNDS 455,403 266,657

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

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

I M MURRAY ENGINEERING LIMITED (REGISTERED NUMBER: SC240950)

Balance Sheet - continued
31 December 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 11 June 2025 and were signed on its behalf by:




Mrs J Murray - Director



I A Murray - Director


I M MURRAY ENGINEERING LIMITED (REGISTERED NUMBER: SC240950)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

I M Murray Engineering 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 (£).


The accounts are rounded to the nearest £1.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% depreciation on reducing balance
Computer equipment - 25% depreciation on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 9 (2023 - 8 ) .

I M MURRAY ENGINEERING LIMITED (REGISTERED NUMBER: SC240950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 122,111 63,996 4,198 190,305
Additions 36,060 22,917 - 58,977
At 31 December 2024 158,171 86,913 4,198 249,282
DEPRECIATION
At 1 January 2024 71,129 48,165 4,198 123,492
Charge for year 15,660 5,240 - 20,900
At 31 December 2024 86,789 53,405 4,198 144,392
NET BOOK VALUE
At 31 December 2024 71,382 33,508 - 104,890
At 31 December 2023 50,982 15,831 - 66,813

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 79,793 129,399
Other debtors 7,723 3,084
87,516 132,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 3,091 3,091
Trade creditors 22,419 18,752
Taxation and social security 64,177 22,353
Other creditors 8,385 6,932
98,072 51,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 4,379 7,470

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid rent on its premises to Mrs Murray, Director. The sum paid amounted to £9,570 (2023 : £9,570). The sum of £470 was also paid to Mr Murray, Director, in respect of rent (2023 : £470).