Company Registration No. 5943794 (England and Wales)
Ian Murphy Limited
Unaudited accounts
for the year ended 30 September 2023
Ian Murphy Limited
Unaudited accounts
Contents
Ian Murphy Limited
Company Information
for the year ended 30 September 2023
Directors
Mr I D Murphy
Mrs A Murphy
Mr L Murphy
Company Number
5943794 (England and Wales)
Registered Office
106 Oxford Road
Banbury
Oxfordshire
OX16 9AW
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Ian Murphy Limited
Statement of financial position
as at 30 September 2023
Tangible assets
4,898
6,061
Cash at bank and in hand
108,957
100,858
Creditors: amounts falling due within one year
(17,581)
(21,143)
Net current assets
109,563
91,240
Total assets less current liabilities
114,461
97,301
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
113,529
96,148
Shareholders' funds
113,531
96,150
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by
Mr I D Murphy
Director
Company Registration No. 5943794
Ian Murphy Limited
Notes to the Accounts
for the year ended 30 September 2023
Ian Murphy Limited is a private company, limited by shares, registered in England and Wales, registration number 5943794. The registered office is 106 Oxford Road, Banbury, Oxfordshire, OX16 9AW, United Kingdom.
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 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.
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:
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arose 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 future taxable profits.
Ian Murphy Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
1,606
13,749
10,694
26,049
At 30 September 2023
1,856
13,749
10,694
26,299
At 1 October 2022
1,286
11,302
7,400
19,988
Charge for the year
142
612
659
1,413
At 30 September 2023
1,428
11,914
8,059
21,401
At 30 September 2023
428
1,835
2,635
4,898
At 30 September 2022
320
2,447
3,294
6,061
Amounts falling due within one year
Trade debtors
18,004
11,525
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,617
5,552
Taxes and social security
13,964
15,591
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).