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Company Registration No. 12704623 (England and Wales)
Murto Ltd Unaudited accounts for the year ended 30 June 2023
Murto Ltd Unaudited accounts Contents
Page
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Murto Ltd Company Information for the year ended 30 June 2023
Director
Mr M Gok
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
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Murto Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,145 
31,090 
Current assets
Inventories
14,481 
23,007 
Debtors
5,000 
5,000 
Cash at bank and in hand
40,376 
27,087 
59,857 
55,094 
Creditors: amounts falling due within one year
(75,763)
(82,169)
Net current liabilities
(15,906)
(27,075)
Net assets
12,239 
4,015 
Capital and reserves
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
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Murto Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
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:
Motor vehicles
6% - reducing line method
Fixtures & fittings
18% - reducing line method
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.
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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 
Depreciation
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 
Net book value
At 30 June 2023
20,765 
7,380 
28,145 
At 30 June 2022
22,090 
9,000 
31,090 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
5,000 
5,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,951 
1,883 
Taxes and social security
1,929 
382 
Other creditors
11,000 
15,000 
Loans from directors
60,883 
64,904 
75,763 
82,169 
7
Share capital
2023 
2022 
£ 
£ 
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).
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