Moray Global Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC497269 (Scotland)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Moray Global Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P G Griffin

REGISTERED OFFICE:

9 Carlton Place

Aberdeen

AB15 4BR

REGISTERED NUMBER:

SC497269 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

1,147

2,080

CURRENT ASSETS

Debtors

5

140,301

19,774

Cash at bank

14,768

219,039

155,069

238,813

CREDITORS

Amounts falling due within one year

6

9,742

40,396

NET CURRENT ASSETS

145,327

198,417

TOTAL ASSETS LESS CURRENT LIABILITIES

146,474

200,497

PROVISIONS FOR LIABILITIES

218

395

NET ASSETS

146,256

200,102

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,156

200,002

146,256

200,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 on 28 November 2019 and were signed by:

Mr P G Griffin - Director

1.	STATUTORY INFORMATION

Moray Global 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 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 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

-

20% on reducing balance

Computer equipment

-

33% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2018

and 28 February 2019

389

2,640

3,029

DEPRECIATION

At 1 March 2018

78

871

949

Charge for year

62

871

933

At 28 February 2019

140

1,742

1,882

NET BOOK VALUE

At 28 February 2019

249

898

1,147

At 28 February 2018

311

1,769

2,080

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

13,974

13,416

Other debtors

126,327

6,358

140,301

19,774

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

162

-

Taxation and social security

5,276

35,366

Other creditors

4,304

5,030

9,742

40,396

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2019 and

28 February 2018:

28.2.19

28.2.18

£

£

Mr P G Griffin

Balance outstanding at start of year

(3,749

)

(2,382

)

Amounts advanced

30,063

-

Amounts repaid

(26,337

)

(1,367

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23

)

(3,749

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,650 (2018 - £80,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P G Griffin.