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REGISTERED NUMBER: 01405957 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

F. Murdoch Refractory Construction
Limited

F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


F. Murdoch Refractory Construction
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Wayne Murdoch
Mr Kevan Murdoch



SECRETARY: Mrs Anne Murdoch



REGISTERED OFFICE: 37 Saxon Avenue
Dore
Sheffield
South Yorkshire
S17 3SB



REGISTERED NUMBER: 01405957 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Lloyds Bank plc
1 High Street
Sheffield
South Yorkshire
S1 2GA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
F. Murdoch Refractory Construction
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F. Murdoch Refractory Construction Limited for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of F. Murdoch Refractory Construction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F. Murdoch Refractory Construction Limited and state those matters that we have agreed to state to the Board of Directors of F. Murdoch Refractory Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F. Murdoch Refractory Construction Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that F. Murdoch Refractory Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F. Murdoch Refractory Construction Limited. You consider that F. Murdoch Refractory Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F. Murdoch Refractory Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


3 November 2023

F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,668 32,397

CURRENT ASSETS
Stocks 500 500
Debtors 5 68,363 45,536
Cash at bank 4,704 -
73,567 46,036
CREDITORS
Amounts falling due within one year 6 (16,896 ) (13,268 )
NET CURRENT ASSETS 56,671 32,768
TOTAL ASSETS LESS CURRENT LIABILITIES 76,339 65,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,239 65,065
76,339 65,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:




Mr Kevan Murdoch - Director



Mr Wayne Murdoch - Director


F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

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


1. STATUTORY INFORMATION

F. Murdoch Refractory Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Government grants
Grants in respect of the Coronavirus Job Retention Scheme which are received by the company for compensation for expenses or losses are recognised in the same period as the related expenditure.

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 26,248 82,091 11,186 119,525
Additions 190 - 1,492 1,682
Disposals - (31,546 ) (2,001 ) (33,547 )
At 31 March 2023 26,438 50,545 10,677 87,660
DEPRECIATION
At 1 April 2022 18,571 60,986 7,571 87,128
Charge for year 783 3,417 2,270 6,470
Eliminated on disposal - (23,605 ) (2,001 ) (25,606 )
At 31 March 2023 19,354 40,798 7,840 67,992
NET BOOK VALUE
At 31 March 2023 7,084 9,747 2,837 19,668
At 31 March 2022 7,677 21,105 3,615 32,397

5. DEBTORS
31/3/23 31/3/22
£    £   
Amounts falling due within one year:
Trade debtors 64,785 40,767
Other debtors 3,008 4,199
67,793 44,966

Amounts falling due after more than one year:
Other debtors 570 570

Aggregate amounts 68,363 45,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts - 907
Trade creditors 716 506
Taxation and social security 12,220 8,255
Other creditors 3,960 3,600
16,896 13,268

F. Murdoch Refractory Construction
Limited (Registered number: 01405957)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Bank overdraft - 907

The bank overdraft is secured by personal guarantees provided by the directors.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
Mr Kevan Murdoch
Balance outstanding at start of year 806 806
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 806 806

Mr Wayne Murdoch
Balance outstanding at start of year 1,478 1,478
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,478 1,478