Euan Murray Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: SC415472 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2017

for

Euan Murray Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E P Murray

E C Murray

REGISTERED OFFICE:

9 Glenisla Gardens

Edinburgh

EH9 2HR

REGISTERED NUMBER:

SC415472 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

BANKERS:

The Royal Bank of Scotland

142-144 Princes Street

Edinburgh

EH2 4EQ

FIXED ASSETS

Tangible assets

4

1,316

2,179

CURRENT ASSETS

Debtors

17,186

28,210

Cash at bank

39,487

25,200

56,673

53,410

CREDITORS

Amounts falling due within one year

57,724

54,499

NET CURRENT LIABILITIES

(1,051

)

(1,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

265

1,090

PROVISIONS FOR LIABILITIES

5

263

436

NET ASSETS

2

654

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

-

652

SHAREHOLDERS' FUNDS

2

654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 8 February 2017 and were signed on its behalf by:

E P Murray - Director

1.	STATUTORY INFORMATION

Euan Murray 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The accounts have been prepared on a going concern basis, the acceptability of which is dependant on the

continuing support of the company's directors and creditors.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2016

4,568

Additions

103

Disposals

(805

)

At 31 January 2017

3,866

DEPRECIATION

At 1 February 2016

2,389

Charge for year

966

Eliminated on disposal

(805

)

At 31 January 2017

2,550

NET BOOK VALUE

At 31 January 2017

1,316

At 31 January 2016

2,179

5.	PROVISIONS FOR LIABILITIES

31.1.17

31.1.16

£

£

Deferred tax

263

436

Deferred

tax

£

Balance at 1 February 2016

436

Provided during year

(173

)

Balance at 31 January 2017

263

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

1

Ordinary 'A'

£1

1

1

1

Ordinary 'B'

£1

1

1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and

31 January 2016:

31.1.17

31.1.16

£

£

E P Murray

Balance outstanding at start of year

26,000

-

Amounts advanced

32,768

26,000

Amounts repaid

(41,722

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,046

26,000

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £157,046 (2016 - £123,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is E P Murray.