Lachie Murray Ltd - Accounts to registrar (filleted) - small 18.2
Lachie Murray Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| LACHIE MURRAY LTD |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 28 February 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| LACHIE MURRAY LTD |
| COMPANY INFORMATION |
| for the year ended 28 February 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Redwood |
| 19 Culduthel Road |
| Inverness |
| IV2 4AA |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| BALANCE SHEET |
| 28 February 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| BALANCE SHEET - continued |
| 28 February 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director on |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 28 February 2018 |
| 1. | STATUTORY INFORMATION |
| Lachie Murray Ltd is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| At the balance sheet date the company had net liabilities of £79,397 (2017 - £68,768). The director, Lachlan |
| Murray intends to support the company by means of personal loans to ensure it can meet its external |
| liabilities as they fall due and therefore he considers that it is appropriate to prepare the accounts on the |
| going concern basis. |
| Turnover |
| Turnover represents net rents received during the period. Rental income is recognised in line with the terms |
| of the lease agreement. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Fixed assets are stated at cost, being purchase price, less accumulated depreciation. |
| In accordance with the Financial Reporting Standard 102, leasehold investment properties are not |
| depreciated. |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit or loss. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
| current or past reporting periods. It is measured at the amount expected to be paid or recovered using the |
| tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as |
| stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in |
| periods different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by |
| the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on |
| revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and |
| allowances that apply to the sale of the assets. |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 28 February 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| Investment | machinery |
| Property | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2017 |
| Additions |
| At 28 February 2018 |
| DEPRECIATION |
| At 1 March 2017 |
| Charge for year |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| (a ) Investment properties were valued on an open market value by the directors at 28 February 2018, which |
| equates to cost. |
| (b) Investment properties are accounted for in accordance with the Financial Reporting Standard 102. No |
| depreciation is provided in respect of such properties. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| The bank loans are secured by a charge and standard security over the assets of the company. |
| LACHIE MURRAY LTD (REGISTERED NUMBER: SC469676) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 28 February 2018 |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 28 February 2018 and |
| 28 February 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 8. | RELATED PARTY DISCLOSURES |
| At 28 February 2018, terms of repayment. This loan was repaid in May 2018. |