Murdo Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC193124 (Scotland)

Abbreviated Accounts for the Year Ended 29 February 2016

for

Murdo Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A R Spens

Dr J McKenzie Spens

SECRETARY:

REGISTERED OFFICE:

Cairnfield

14 School Road

Balmullo

St. Andrews

Fife

KY16 0BD

REGISTERED NUMBER:

SC193124 (Scotland)

ACCOUNTANTS:

Monteaths

Cairnfield

14 School Road

Balmullo

St Andrews

Fife

KY16 0BD

FIXED ASSETS

Tangible assets

2

3,524

1,097

CURRENT ASSETS

Debtors

280

507

Cash at bank

403

416

683

923

CREDITORS

Amounts falling due within one year

5,356

7,825

NET CURRENT LIABILITIES

(4,673

)

(6,902

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,149

)

(5,805

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(1,249

)

(5,905

)

SHAREHOLDERS' FUNDS

(1,149

)

(5,805

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 November 2016 and were signed on its behalf
by:

Dr J McKenzie Spens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises revenue recognised in respect of artistic commentary and article writing services provided.

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the

service provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded as deferred

income and included as part of creditors due within one year.

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 etc

-

25% on reducing balance and 10% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

8,574

Additions

3,152

At 29 February 2016

11,726

DEPRECIATION

At 1 March 2015

7,477

Charge for year

725

At 29 February 2016

8,202

NET BOOK VALUE

At 29 February 2016

3,524

At 28 February 2015

1,097

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

100

Ordinary

1

100