David Murray Associates Limited - Accounts to registrar (filleted) - small 18.2

David Murray Associates Limited - Accounts to registrar (filleted) - small 18.2

DAVID MURRAY ASSOCIATES LIMITED - Company Information

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IRIS Accounts Production v21.1.6.35 SC108962 director 1.2.20 31.1.21 31.1.21 false true false false true false Ordinary 1.00000 "A" Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1089622020-01-31SC1089622021-01-31SC1089622020-02-012021-01-31SC1089622019-01-31SC1089622019-02-012020-01-31SC1089622020-01-31SC108962ns16:Scotland2020-02-012021-01-31SC108962ns15:PoundSterling2020-02-012021-01-31SC108962ns11:Director12020-02-012021-01-31SC108962ns11:PrivateLimitedCompanyLtd2020-02-012021-01-31SC108962ns11:SmallEntities2020-02-012021-01-31SC108962ns11:AuditExempt-NoAccountantsReport2020-02-012021-01-31SC108962ns11:SmallCompaniesRegimeForDirectorsReport2020-02-012021-01-31SC108962ns11:SmallCompaniesRegimeForAccounts2020-02-012021-01-31SC108962ns11:FullAccounts2020-02-012021-01-31SC108962ns11:OrdinaryShareClass12020-02-012021-01-31SC108962ns11:OrdinaryShareClass22020-02-012021-01-31SC108962ns11:CompanySecretary12020-02-012021-01-31SC108962ns11:RegisteredOffice2020-02-012021-01-31SC108962ns6:CurrentFinancialInstruments2021-01-31SC108962ns6:CurrentFinancialInstruments2020-01-31SC108962ns6:ShareCapital2021-01-31SC108962ns6:ShareCapital2020-01-31SC108962ns6:RetainedEarningsAccumulatedLosses2021-01-31SC108962ns6:RetainedEarningsAccumulatedLosses2020-01-31SC108962ns6:FurnitureFittings2020-02-012021-01-31SC108962ns6:FurnitureFittings2020-01-31SC108962ns6:FurnitureFittings2021-01-31SC108962ns6:FurnitureFittings2020-01-31SC108962ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-01-31SC108962ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-01-31SC108962ns6:Secured2021-01-31SC108962ns6:Secured2020-01-31SC108962ns11:OrdinaryShareClass12021-01-31SC108962ns11:OrdinaryShareClass22021-01-31
REGISTERED NUMBER: SC108962 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

FOR

DAVID MURRAY ASSOCIATES LIMITED
DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVID MURRAY ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







DIRECTOR: D G Murray





SECRETARY: S E Murray





REGISTERED OFFICE: The Radar Station
Donmouth Road
Aberdeen
AB23 8DR





REGISTERED NUMBER: SC108962 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE
Page 1
DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

BALANCE SHEET
31 JANUARY 2021

31.1.21 31.1.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,737 1,912

CURRENT ASSETS
Stocks 25,750 64,905
Debtors 5 415 7,015
Cash in hand 1 1
26,166 71,921
CREDITORS
Amounts falling due within one year 6 59,643 63,829
NET CURRENT (LIABILITIES)/ASSETS (33,477 ) 8,092
TOTAL ASSETS LESS CURRENT
LIABILITIES
(30,740
)
10,004

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings (40,740 ) 4
SHAREHOLDERS' FUNDS (30,740 ) 10,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 and authorised for issue on 6 September 2021 and were signed by:





D G Murray - Director


The notes form part of these financial statements

Page 2
DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1. STATUTORY INFORMATION

David Murray Associates 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

Going concern
The company is technically insolvent. The company continues to trade due to support from the bank, 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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2020 - 5 ) .

Page 3 continued...
DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2020 34,865
Additions 1,744
At 31 January 2021 36,609
DEPRECIATION
At 1 February 2020 32,953
Charge for year 919
At 31 January 2021 33,872
NET BOOK VALUE
At 31 January 2021 2,737
At 31 January 2020 1,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Trade debtors 375 6,975
Prepayments and accrued income 40 40
415 7,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.21 31.1.20
£    £   
Bank loans and overdrafts 10,680 38,214
VAT 23,259 9,911
Directors' current accounts 24,104 14,104
Accruals and deferred income 1,600 1,600
59,643 63,829

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.21 31.1.20
£    £   
Bank overdrafts 10,680 38,214

Bond & Floating charge was created on 2nd February 2004 in favour of Lloyds TSB Scotland PLC (Bank of Scotland) on all sums due or to become due.

Page 4 continued...
DAVID MURRAY ASSOCIATES LIMITED (REGISTERED NUMBER: SC108962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.21 31.1.20
value: £    £   
5,000 Ordinary £1 5,000 5,000
5,000 "A" Ordinary Shares £1 5,000 5,000
10,000 10,000

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