Company Registration No. 12704623 (England and Wales)
Murto Ltd
Unaudited accounts
for the year ended 30 June 2023
Murto Ltd
Unaudited accounts
Contents
Murto Ltd
Company Information
for the year ended 30 June 2023
Company Number
12704623 (England and Wales)
Registered Office
460 Bowes Road
London
N11 1NL
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Murto Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
28,145
31,090
Cash at bank and in hand
40,376
27,087
Creditors: amounts falling due within one year
(75,763)
(82,169)
Net current liabilities
(15,906)
(27,075)
Called up share capital
100
100
Profit and loss account
12,139
3,915
Shareholders' funds
12,239
4,015
For the year ending 30 June 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 his 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 22 February 2024 and were signed on its behalf by
Mr M Gok
Director
Company Registration No. 12704623
Murto Ltd
Notes to the Accounts
for the year ended 30 June 2023
Murto Ltd is a private company, limited by shares, registered in England and Wales, registration number 12704623. The registered office and principal place of business is 460 Bowes Road, London, N11 1NL, England.
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. 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:
Motor vehicles
6% - reducing line method
Fixtures & fittings
18% - reducing line method
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.
Murto Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
25,000
11,876
36,876
At 30 June 2023
25,000
11,876
36,876
At 1 July 2022
2,910
2,876
5,786
Charge for the year
1,325
1,620
2,945
At 30 June 2023
4,235
4,496
8,731
At 30 June 2023
20,765
7,380
28,145
At 30 June 2022
22,090
9,000
31,090
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,929
382
Other creditors
11,000
15,000
Loans from directors
60,883
64,904
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within other creditors is an amount of £60,883 (2022;£64,904) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).