2022-04-012023-03-312023-03-31false13128775MURNELLS LONDON 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MURNELLS LONDON LIMITED

Registered Number
13128775
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MURNELLS LONDON LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

Michael Tierney

Registered Address

Unit 3 Ashford Industrial Estate
Shield Road
Ashford
TW15 1AU

Registered Number

13128775 (England and Wales)
MURNELLS LONDON LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets7181,85015,173
181,85015,173
Current assets
Stocks982,338-
Debtors1076,32426,021
Cash at bank and on hand99,4401,885
258,10227,906
Creditors amounts falling due within one year11(291,378)(17,083)
Net current assets (liabilities)(33,276)10,823
Total assets less current liabilities148,57425,996
Provisions for liabilities12(34,552)(2,883)
Net assets114,02223,113
Capital and reserves
Called up share capital100100
Profit and loss account113,92223,013
Shareholders' funds114,02223,113
The financial statements were approved and authorised for issue by the Director on 10 November 2023, and are signed on its behalf by:
Michael Tierney
Director
Registered Company No. 13128775
MURNELLS LONDON LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of high end basement refurbishments and construction.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
6.Employee information

20232022
Average number of employees during the year10
7.Property, plant and equipment

Plant & machinery

Total

££
Cost or valuation
At 01 April 2218,96618,966
Additions212,140212,140
At 31 March 23231,106231,106
Depreciation and impairment
At 01 April 223,7933,793
Charge for year45,46345,463
At 31 March 2349,25649,256
Net book value
At 31 March 23181,850181,850
At 31 March 2215,17315,173
8.Fixed asset investments
9.Stocks

2023

2022

££
Work in progress82,338-
Total82,338-
10.Debtors

2023

2022

££
Trade debtors / trade receivables45,9475,000
Other debtors22,52121,021
Prepayments and accrued income7,856-
Total76,32426,021
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables131,3811,452
Taxation and social security-1,181
Other creditors158,95312,700
Accrued liabilities and deferred income1,0441,750
Total291,37817,083
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)34,5522,883
Total34,5522,883