Murvagh Ltd - Abbreviated accounts 16.1

Murvagh Ltd - Abbreviated accounts 16.1

MURVAGH LTD - Company Information

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REGISTERED NUMBER: SC418531 (Scotland)
















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Murvagh Ltd

Murvagh Ltd (Registered number: SC418531)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Murvagh Ltd

Company Information
for the Year Ended 31 March 2016







DIRECTOR: C J Watson





REGISTERED OFFICE: 37 Beechgrove Gardens
ABERDEEN
AB15 5HG





REGISTERED NUMBER: SC418531 (Scotland)





ACCOUNTANTS: Campbell Dallas LLP
23 Carden Place
Aberdeen
AB10 1UQ
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Murvagh Ltd (Registered number: SC418531)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 131,278 143,213
Tangible assets 3 24,749 27,052
156,027 170,265

CURRENT ASSETS
Stocks 4,136 4,913
Cash in hand 540 540
4,676 5,453
CREDITORS
Amounts falling due within one year 99,572 119,170
NET CURRENT LIABILITIES (94,896 ) (113,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,131
56,548

PROVISIONS FOR LIABILITIES 57 63
NET ASSETS 61,074 56,485

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 60,974 56,385
SHAREHOLDERS' FUNDS 61,074 56,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

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Murvagh Ltd (Registered number: SC418531)

Abbreviated Balance Sheet - continued
31 March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 November 2016 and were signed by:





C J Watson - Director


The notes form part of these abbreviated accounts

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Murvagh Ltd (Registered number: SC418531)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods and services relating to that of a public house
provided in the year, excluding valued added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of fifteen years.

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

Plant and machinery etc - 10% on reducing balance and 6.67% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Deferred tax is provided at the average rates that are expected to apply when the timing differences
reverse, based on current tax rates and laws.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they
relate.

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Murvagh Ltd (Registered number: SC418531)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 179,016
AMORTISATION
At 1 April 2015 35,803
Amortisation for year 11,935
At 31 March 2016 47,738
NET BOOK VALUE

At 31 March 2016 131,278
At 31 March 2015 143,213

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 34,049
DEPRECIATION
At 1 April 2015 6,997
Charge for year 2,303
At 31 March 2016 9,300
NET BOOK VALUE
At 31 March 2016 24,749
At 31 March 2015 27,052

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

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