Euan Murray Limited - Accounts to registrar (filleted) - small 18.2
Euan Murray Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2018 |
for |
Euan Murray Limited |
Euan Murray Limited (Registered number: SC415472) |
Contents of the Financial Statements |
for the Year Ended 31 January 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Euan Murray Limited |
Company Information |
for the Year Ended 31 January 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 Logie Mill |
Edinburgh |
Lothian |
EH7 4HG |
BANKERS: |
142-144 Princes Street |
Edinburgh |
EH2 4EQ |
Euan Murray Limited (Registered number: SC415472) |
Balance Sheet |
31 January 2018 |
31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
Euan Murray Limited (Registered number: SC415472) |
Balance Sheet - continued |
31 January 2018 |
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. |
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 on by: |
Euan Murray Limited (Registered number: SC415472) |
Notes to the Financial Statements |
for the Year Ended 31 January 2018 |
1. | STATUTORY INFORMATION |
Euan Murray Limited is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Euan Murray Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are |
considered to have been transferred to the buyer. Turnover from the supply of services represents the value of |
services provided under contracts to the extent that there is a right to consideration and is recorded at the fair |
value of the consideration received or receivable. Where a contract has only been partially completed at the |
balance sheet date turnover represents the fair value of the service provided to date based on the stage of |
completion of the contract activity at the balance sheet date. Where payments are received from customers in |
advance of services provided, the amounts recorded as deferred income and included as part of creditors due |
within one year. |
Tangible fixed assets |
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
each asset on a straight-line basis over its expected useful life, as follows: |
Fixtures and Fittings | - | 25% on cost |
Computer Equipment | - | 25% on cost |
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, |
after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at |
the end of its useful life. |
Investments in subsidiaries |
In the company balance sheet, investments in subsidiaries are measured at cost less impairment. Cost is measured |
by reference to the nominal value of the shares issued plus fair value of other consideration. |
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. |
Euan Murray Limited (Registered number: SC415472) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
2. | ACCOUNTING POLICIES - continued |
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. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
at their settlement value. |
Provisions |
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past |
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be |
made of the amount of the obligation. |
The amount recognised as a provision is the best estimate of the consideration required to settle the present |
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2017 - 2 ). |
Euan Murray Limited (Registered number: SC415472) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 January 2018 |
DEPRECIATION |
At 1 February 2017 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
At 31 January 2017 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 January 2018 |
NET BOOK VALUE |
At 31 January 2018 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 6 Logie Mill, Edinburgh, Lothian, EH7 4HG |
Nature of business: |
% |
Class of shares: | holding |
31.1.18 | 31.1.17 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Profit/(loss) for the year | ( |
) |
Euan Murray Limited (Registered number: SC415472) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
31.1.18 | 31.1.17 |
£ | £ |
Deferred tax | 254 | 263 |
Deferred |
tax |
£ |
Balance at 1 February 2017 |
Provided during year | ( |
) |
Balance at 31 January 2018 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.1.17 |
value: | £ | £ |
Ordinary 'A' | £1 | 1 | 1 |
Ordinary 'B' | £1 | 1 | 1 |
2 | 2 |
10. | RESERVES |
Retained |
earnings |
£ |
Profit for the year |
Dividends | ( |
) |
At 31 January 2018 |
Euan Murray Limited (Registered number: SC415472) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2018 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 January 2018 and |
31 January 2017: |
31.1.18 | 31.1.17 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
12. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £150,000 (2017 - £157,046) were paid to the directors . |
Related Party |
Transaction Type |
Transaction in year 31.1.18 |
Transaction in year 31.1.17 |
Balance due from/(payable to related party at 31.1.18 |
) |
Balance due from/(payable to related party at 31.1.17 |
) |
£ | £ | £ | £ |
Directors | Rent | 1,072 | 1,072 | Nil | Nil |
(1) The Pink House Interiors Ltd. |
Loan |
Nil |
Nil |
12,000 |
12,000 |
Notes |
(1) The directors of the Euan Murray Limited are also directors of The Pink House Interiors Ltd. The loan is |
repayable on demand and is interest-free. |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is E P Murray. |