REGISTERED NUMBER: SC832256 (Scotland)

Murray Rural Services Ltd

Unaudited Financial Statements

for the period

19th December 2024 to 31st December 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

R T Murray

Mrs L J Murray

Secretary:

R T Murray

Registered office:

Murray House

Hadden

Kelso

Roxburghshire

TD5 8HU

Registered number:

SC832256 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

19,873

Current assets

Stocks

1,700

Debtors

5

10,066

Cash at bank

8,701

20,467

Creditors

Amounts falling due within one year

6

16,526

Net current assets

3,941

Total assets less current liabilities

23,814

Creditors

Amounts falling due after more than one year

7

(3,575

)

Provisions for liabilities

(3,776

)

Net assets

16,463

Capital and reserves

Called up share capital

100

Retained earnings

16,363

16,463

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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th May 2026 and were signed on its behalf by:

R T Murray - Director

Mrs L J Murray - Director

1.	Statutory information

Murray Rural Services Ltd 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

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.

Plant and machinery

-

20% on reducing balance

Office equipment

-

25% on cost

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

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market value rate of interest, and subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The director has considered the company's financial position for a minimum of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

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.

3.	Employees and directors

The average number of employees during the period was NIL.

4.	Tangible fixed assets

Plant and

Office

machinery

equipment

Totals

£

£

£

Cost

Additions

20,697

839

21,536

At 31st December 2025

20,697

839

21,536

Depreciation

Charge for period

1,575

88

1,663

At 31st December 2025

1,575

88

1,663

Net book value

At 31st December 2025

19,122

751

19,873

5.

Debtors: amounts falling due within one year

£

Trade debtors

5,397

Other debtors

4,669

10,066

6.

Creditors: amounts falling due within one year

£

Hire purchase contracts

4,955

Trade creditors

833

Taxation and social security

9,238

Other creditors

1,500

16,526

7.

Creditors: amounts falling due after more than one year

£

Hire purchase contracts

3,575

8.	Secured debts

The following secured debts are included within creditors:

£

Hire purchase contracts

8,530

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

9.	Directors' advances, credits and guarantees

Included within other debtors are the following loans to directors:

at 19 Dec

Amount

Amount

at 31 Dec

2024

Advanced

Repaid

2025

Director 1 and Director 2

-

28,602

24,063

4,539

Total

-

28,602

24,063

4,539

This loan is unsecured, interest has been charged at the rates published by HMRC and is repayable on demand.

10.	Post balance sheet events

An interim dividend was declared on 1st April 2026 at £94.50 per share on all share classes.

A further interim dividend was then declared on 28th April 2026 at £100 per share on all share classes.