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
Tori Murphy Ltd
Company Information
for the year ended 28 February 2023
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
Tori Murphy Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
12,630
410
Creditors: amounts falling due within one year
(119,236)
(101,761)
Net current liabilities
(6,996)
(26,737)
Net liabilities
(6,182)
(26,737)
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
Tori Murphy Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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 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.
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.
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
At 28 February 2023
560
260
3,198
4,018
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
At 28 February 2023
-
-
814
814
Amounts falling due within one year
Trade debtors
14,325
5,484
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
22,852
Trade creditors
26,902
60,587
Taxes and social security
7
7
Loans from directors
84,998
15,732
Deferred income
1,583
1,583
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).