REGISTERED NUMBER: SC358443 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

JOHN MURRAY & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

R N Murray

SECRETARY:

J Murray

REGISTERED OFFICE:

58 Seaforth Road

Stornoway

Isle of Lewis

HS1 2SD

REGISTERED NUMBER:

SC358443 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

FIXED ASSETS

184,156

Tangible assets

4

239,600

CURRENT ASSETS

136,200

Stocks

154,500

-

Debtors

5

40,939

93

Cash at bank

24

136,293

195,463

CREDITORS

163,362

Amounts falling due within one year

6

246,513

(27,069

)

NET CURRENT LIABILITIES

(51,050

)

157,087

TOTAL ASSETS LESS CURRENT LIABILITIES

188,550

CREDITORS

111,028

Amounts falling due after more than one year

7

63,044

46,059

NET ASSETS

125,506

CAPITAL AND RESERVES

30,100

Called up share capital

55,100

24,500

Property revaluation reserve

9

24,500

(8,541

)

Retained earnings

45,906

46,059

SHAREHOLDERS' FUNDS

125,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 12 May 2026 and were signed by:

R N Murray - Director

1.	STATUTORY INFORMATION

John Murray & Co 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 financial statements 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 as modified by the revaluation of certain assets.

The directors are of the opinion that the company can continue as a going concern and can meet its liabilities as they fall due as the directors loan will not be repaid until such time as the company has returned to a net asset position.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

Stocks

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

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.

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 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST OR VALUATION

At 1 May 2024

249,989

175,000

74,989

Revaluations

45,000

45,000

-

At 30 April 2025

294,989

220,000

74,989

DEPRECIATION

At 1 May 2024

65,833

17,500

48,333

Charge for year

7,056

-

7,056

Revaluation adjustments

(17,500

)

(17,500

)

-

At 30 April 2025

55,389

-

55,389

NET BOOK VALUE

At 30 April 2025

239,600

220,000

19,600

At 30 April 2024

184,156

157,500

26,656

Cost or valuation at 30 April 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2010

24,500

-

24,500

Valuation in 2025

45,000

-

45,000

Cost

150,500

74,989

225,489

220,000

74,989

294,989

If Freehold property had not been revalued it would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

150,500

150,500

Freehold property was valued on an open market basis on 30 April 2025 by The Director .

The director considers that the valuation of the property at 30 April 2025 was £220,000. The property was previously professionally valued at £175,000 in 2010. The director will seek to have the property professionally valued in the next 3-5 years.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

39,918

-

Other debtors

1,021

-

40,939

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

72,723

59,121

Trade creditors

32,147

41,152

Amounts owed to associates

67,435

3,411

Taxation and social security

25,637

27,682

Other creditors

48,571

31,996

246,513

163,362

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

63,044

111,028

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank overdrafts

72,723

59,121

The Bank of Scotland provide overdraft facilities of £75,000 which are secured over the assets of the company.

9.

RESERVES

Property

revaluation

reserve

£

At 1 May 2024

and 30 April 2025

24,500

10.	RELATED PARTY DISCLOSURES

Creditors falling due after more than one year includes amounts due to the director of £59,738 (2024: £102,771). There is no scheduled repayment of these amounts and no interest is paid on the balance.

Creditors falling due under one year at 30 April 2025 includes a balance due to Floor to Floor Limited of £67,435 (2024 - £3,411). Floor To Floor Limited is a company under the control of the director. The company supplied services of £30,000 to Floor To Floor Limited during the year (2024 - £20,000).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Murray & Co Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of John Murray & Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Murray & Co Limited and state those matters that we have agreed to state to the director of John Murray & Co Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that John Murray & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Murray & Co Limited. You consider that John Murray & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Murray & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

12 May 2026