Brian Murray Catering Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC190064 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

Brian Murray Catering Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B Murray

REGISTERED OFFICE:

Take5 Cafeteria

Hareness Road

Altens Industrial Estate

Aberdeen

AB12 3LE

REGISTERED NUMBER:

SC190064 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Intangible assets

4

28

945

Tangible assets

5

346,333

352,039

346,361

352,984

CURRENT ASSETS

Stocks

3,515

3,936

Debtors

6

1,261

13,978

Cash at bank and in hand

31,298

50,635

36,074

68,549

CREDITORS

Amounts falling due within one year

7

53,689

45,571

NET CURRENT (LIABILITIES)/ASSETS

(17,615

)

22,978

TOTAL ASSETS LESS CURRENT LIABILITIES

328,746

375,962

CREDITORS

Amounts falling due after more than one year

8

(27,500

)

(37,500

)

PROVISIONS FOR LIABILITIES

(11,526

)

(12,736

)

NET ASSETS

289,720

325,726

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

9

38,746

38,746

Retained earnings

250,971

286,977

SHAREHOLDERS' FUNDS

289,720

325,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 and authorised for issue on 10 January 2023 and were signed by:

Mr B Murray - Director

1.	STATUTORY INFORMATION

Brian Murray Catering Services 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant & equipment

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 11 (2021 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 October 2021

and 30 September 2022

2,778

AMORTISATION

At 1 October 2021

1,833

Amortisation for year

917

At 30 September 2022

2,750

NET BOOK VALUE

At 30 September 2022

28

At 30 September 2021

945

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant &

property

property

equipment

£

£

£

COST OR VALUATION

At 1 October 2021

336,035

36,493

45,220

Additions

-

545

2,413

At 30 September 2022

336,035

37,038

47,633

DEPRECIATION

At 1 October 2021

36,035

3,649

39,689

Charge for year

-

3,704

1,986

At 30 September 2022

36,035

7,353

41,675

NET BOOK VALUE

At 30 September 2022

300,000

29,685

5,958

At 30 September 2021

300,000

32,844

5,531

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 October 2021

13,650

11,990

12,853

456,241

Additions

-

-

-

2,958

At 30 September 2022

13,650

11,990

12,853

459,199

DEPRECIATION

At 1 October 2021

4,810

7,166

12,853

104,202

Charge for year

1,768

1,206

-

8,664

At 30 September 2022

6,578

8,372

12,853

112,866

NET BOOK VALUE

At 30 September 2022

7,072

3,618

-

346,333

At 30 September 2021

8,840

4,824

-

352,039

The director believes the net book value of the property represents the current market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

1,261

-

Other debtors

-

13,978

1,261

13,978

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

22,911

14,406

Taxation and social security

14,017

7,385

Other creditors

6,761

13,780

53,689

45,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans

27,500

37,500

9.

RESERVES

Fair

value

reserve

£

At 1 October 2021

and 30 September 2022

38,746