Grant R Murray Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05437952 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Grant R Murray Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G R Murray

SECRETARY:

Mr W S Murray

REGISTERED OFFICE:

C/O Murrays

5 Market Street

Oakham

Rutland

LE15 6DY

REGISTERED NUMBER:

05437952 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

5

257,688

191,243

Cash at bank

94,486

98,384

352,174

289,627

CREDITORS

Amounts falling due within one year

6

35,485

54,162

NET CURRENT ASSETS

316,689

235,465

TOTAL ASSETS LESS CURRENT LIABILITIES

316,689

235,465

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

316,589

235,365

SHAREHOLDERS' FUNDS

316,689

235,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 10 December 2019 and were signed by:

Mr G R Murray - Director

1.	STATUTORY INFORMATION

Grant R Murray Limited is a private company, limited by shares , registered in England and Wales. 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 represents the company's share of the profits in the partnership, Murrays.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

400,000

AMORTISATION

At 1 May 2018

and 30 April 2019

400,000

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

-

Goodwill arose on the purchase of the company's share in Murrays.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Due from Murrays

125,126

191,243

Directors' current accounts

132,562

-

257,688

191,243

Other than as stated under directors loan account above, none of the above amounts related to amounts due from

the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

34,631

52,952

Directors' current accounts

-

380

Accruals and deferred income

854

830

35,485

54,162

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary Shares

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2018

235,365

Profit for the year

148,283

Dividends

(67,059

)

At 30 April 2019

316,589

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2019 and

30 April 2018:

2019

2018

£

£

Mr G R Murray

Balance outstanding at start of year

(380

)

100,698

Amounts advanced

208,699

85,336

Amounts repaid

(75,757

)

(186,414

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

132,562

(380

)

The loan balance has been charged interest at a rate of 2.5% per annum. The full balance was cleared within

nine months of the year end.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G R Murray.