Janice M. Murdoch Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC450774 (Scotland)

Unaudited Financial Statements

for the Period 1 June 2016 to 30 May 2017

for

Janice M. Murdoch Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Murdoch

REGISTERED OFFICE:

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

REGISTERED NUMBER:

SC450774 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

522

941

CURRENT ASSETS

Debtors

5

14,207

12,082

Cash at bank

299

302

14,506

12,384

CREDITORS

Amounts falling due within one year

6

10,114

10,353

NET CURRENT ASSETS

4,392

2,031

TOTAL ASSETS LESS CURRENT LIABILITIES

4,914

2,972

PROVISIONS FOR LIABILITIES

99

188

NET ASSETS

4,815

2,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,715

2,684

SHAREHOLDERS' FUNDS

4,815

2,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 31 May 2018 and were signed by:

Mrs J Murdoch - Director

1.	STATUTORY INFORMATION

Janice M. Murdoch 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 30 May 2017

1,633

DEPRECIATION

At 1 June 2016

692

Charge for period

419

At 30 May 2017

1,111

NET BOOK VALUE

At 30 May 2017

522

At 31 May 2016

941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.17

31.5.16

£

£

Trade debtors

8,404

10,931

Other debtors

5,803

1,151

14,207

12,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.17

31.5.16

£

£

Taxation and social security

9,403

8,424

Other creditors

711

1,929

10,114

10,353

7.	RELATED PARTY DISCLOSURES

At 31 May 2017 - Other Debtors included a balance of £4,432 due by Mrs J. Murdoch, director.

(31 May 2016 - £921 due by the director)

8.	ULTIMATE CONTROLLING PARTY

Janice M Murdoch is the ultimate controlling party by virtue of her shareholding.