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REGISTERED NUMBER: 04645345 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Murphy Designs Limited

Murphy Designs Limited (Registered number: 04645345)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Murphy Designs Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: F Miah





SECRETARY: Ms J Khatun





REGISTERED OFFICE: Taxpoint Direct
Mae House, 96 George Lane
Marlborough Business Centre
South Woodford
London
E18 1AD





REGISTERED NUMBER: 04645345 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Murphy Designs Limited (Registered number: 04645345)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,534 225,534

CURRENT ASSETS
Cash at bank and in hand 104,734 104,734

CREDITORS
Amounts falling due within one year 5 10,376 10,256
NET CURRENT ASSETS 94,358 94,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,892

320,012

CREDITORS
Amounts falling due after more than one
year

6

271,730

271,730
NET ASSETS 48,162 48,282

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 97,500 97,500
Retained earnings 7 (49,340 ) (49,220 )
SHAREHOLDERS' FUNDS 48,162 48,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 16 October 2023 and were signed by:



F Miah - Director


Murphy Designs Limited (Registered number: 04645345)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Murphy Designs Limited is a private company, limited by shares , registered in England and Wales. 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Murphy Designs Limited (Registered number: 04645345)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2022
and 31 January 2023 225,000 36,160 9,103 1,915 272,178
DEPRECIATION
At 1 February 2022
and 31 January 2023 - 35,846 8,894 1,904 46,644
NET BOOK VALUE
At 31 January 2023 225,000 314 209 11 225,534
At 31 January 2022 225,000 314 209 11 225,534

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 3,241 2,881
Directors' current accounts 7,015 7,015
Accrued expenses 120 360
10,376 10,256

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans more 5 yr by instal 271,730 271,730

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,730 271,730

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 (49,220 ) 97,500 48,280
Deficit for the year (120 ) (120 )
At 31 January 2023 (49,340 ) 97,500 48,160