Muir Bàn Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC631501

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		940,238		968,832

			940,238		968,832
CURRENT ASSETS
Stocks		9,163		8,570
Debtors	5	5,357		6,994
Cash at bank and in hand		82,490		102,272

		97,010		117,836
Creditors: Amounts Falling Due Within One Year	6	(930,531 )		(1,026,556 )

NET CURRENT ASSETS (LIABILITIES)			(833,521 )		(908,720 )

TOTAL ASSETS LESS CURRENT LIABILITIES			106,717		60,112

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(3,356 )		(3,687 )

NET ASSETS			103,361		56,425

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			103,261		56,325

SHAREHOLDERS' FUNDS			103,361		56,425

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Muir Bàn Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Daniel Rogger

Director

28 March 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Muir Bàn Limited is a private company, limited by shares, incorporated in Scotland, registered number SC631501 . The registered office is The Manor House, Gallanach Road, Oban, PA34 4LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1%
Leasehold	6% straight line
Plant & Machinery	20% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33.33% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2023: 16)

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Muir Bàn Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	679,973	350,000	15,313	14,616
Additions	-	-	2,579	1,453

As at 31 December 2024	679,973	350,000	17,892	16,069

Depreciation
As at 1 January 2024	17,550	63,000	5,507	5,898
Provided during the period	5,850	21,000	2,477	2,542

As at 31 December 2024	23,400	84,000	7,984	8,440

Net Book Value
As at 31 December 2024	656,573	266,000	9,908	7,629

As at 1 January 2024	662,423	287,000	9,806	8,718


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	3,641	1,063,543
Additions	191	4,223

As at 31 December 2024	3,832	1,067,766

Depreciation
As at 1 January 2024	2,756	94,711
Provided during the period	948	32,817

As at 31 December 2024	3,704	127,528

Net Book Value
As at 31 December 2024	128	940,238

As at 1 January 2024	885	968,832

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Muir Bàn Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	349
Prepayments and accrued income	5,357	5,065
Loan to staff	-	1,580

	5,357	6,994

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,813	7,316
Other taxes and social security	7,153	6,201
VAT	17,029	17,285
Net wages	33	3,116
Voucher Control Account	979	1,197
Staff Gratuities	758	227
Pension contributions	987	947
Earning arrestment	56	91
Other creditors (6)	1	3
Accruals and deferred income	3,964	9,009
Directors' loan accounts	892,758	981,164

	930,531	1,026,556

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	3,356	3,687

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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