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Company Registration No. 07961859 (England and Wales)
Tori Murphy Ltd Unaudited accounts for the year ended 28 February 2023
Tori Murphy Ltd Unaudited accounts Contents
Page
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Tori Murphy Ltd Company Information for the year ended 28 February 2023
Director
Victoria Murphy
Company Number
07961859 (England and Wales)
Registered Office
1 The Green Radcliffe-on-Trent Nottingham Nottinghamshire NG12 2LA
Accountants
Dr Amanda V. Larkin CA AVL Business Advisory Limited Long Eaton Derbyshire
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Tori Murphy Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
814 
- 
Current assets
Inventories
85,285 
62,489 
Debtors
14,325 
12,125 
Cash at bank and in hand
12,630 
410 
112,240 
75,024 
Creditors: amounts falling due within one year
(119,236)
(101,761)
Net current liabilities
(6,996)
(26,737)
Net liabilities
(6,182)
(26,737)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,282)
(26,837)
Shareholders' funds
(6,182)
(26,737)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Victoria Murphy Director Company Registration No. 07961859
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Tori Murphy Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Tori Murphy Ltd is a private company, limited by shares, registered in England and Wales, registration number 07961859. The registered office is 1 The Green, Radcliffe-on-Trent, Nottingham, Nottinghamshire, NG12 2LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The financial statements have been prepared on a Going Concern basis as the Director believes that the company will continue in operational existence for the foreseeable future.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tori Murphy Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
560 
260 
2,075 
2,895 
Additions
- 
- 
1,123 
1,123 
At 28 February 2023
560 
260 
3,198 
4,018 
Depreciation
At 1 March 2022
560 
260 
2,075 
2,895 
Charge for the year
- 
- 
309 
309 
At 28 February 2023
560 
260 
2,384 
3,204 
Net book value
At 28 February 2023
- 
- 
814 
814 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,464 
Trade debtors
14,325 
5,484 
Other debtors
- 
177 
14,325 
12,125 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
22,852 
VAT
256 
- 
Trade creditors
26,902 
60,587 
Taxes and social security
7 
7 
Loans from directors
84,998 
15,732 
Accruals
5,490 
1,000 
Deferred income
1,583 
1,583 
119,236 
101,761 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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