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REGISTERED NUMBER: 10055807 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Murphy Midland Group Limited

Murphy Midland Group Limited (Registered number: 10055807)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murphy Midland Group Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T J Murphy
R Murphy





REGISTERED OFFICE: 2 Heap Bridge
Bury
BL9 7HR





REGISTERED NUMBER: 10055807 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Murphy Midland Group Limited (Registered number: 10055807)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 453,285 469,092
Investments 6 120 120
453,405 469,212

CURRENT ASSETS
Debtors 7 343,920 346,393
Cash in hand 1,080 1,080
345,000 347,473
CREDITORS
Amounts falling due within one year 8 (680,032 ) (711,523 )
NET CURRENT LIABILITIES (335,032 ) (364,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,373

105,162

CREDITORS
Amounts falling due after more than one
year

9

(89,249

)

(88,523

)
NET ASSETS 29,124 16,639

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 27,924 15,439
29,124 16,639

Murphy Midland Group Limited (Registered number: 10055807)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





R Murphy - Director


Murphy Midland Group Limited (Registered number: 10055807)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is :
2 Heap Bridge
Bury
Lancashire
BL9 7HR

The principal place of business is :
60 Devon Street
Saltley
Birmingham
B7 4SL

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Murphy Midland Group Limited (Registered number: 10055807)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 211,688 346,529 15,933 81,132 655,282
Additions - 14,859 - - 14,859
At 31 July 2023 211,688 361,388 15,933 81,132 670,141
DEPRECIATION
At 1 August 2022 - 128,203 8,540 49,447 186,190
Charge for year - 22,850 1,479 6,337 30,666
At 31 July 2023 - 151,053 10,019 55,784 216,856
NET BOOK VALUE
At 31 July 2023 211,688 210,335 5,914 25,348 453,285
At 31 July 2022 211,688 218,326 7,393 31,685 469,092

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2022
and 31 July 2023 120
NET BOOK VALUE
At 31 July 2023 120
At 31 July 2022 120

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 317,920 260,181
Other debtors 26,000 86,212
343,920 346,393

Murphy Midland Group Limited (Registered number: 10055807)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 20,359 27,013
Trade creditors 3,502 1,306
Amounts owed to group undertakings 582,712 649,380
Taxation and social security 25,200 26,433
Other creditors 48,259 7,391
680,032 711,523

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 89,249 88,523

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,839 111
Bank loans 15,520 26,902
20,359 27,013

Amounts falling due between one and two years:
Bank loans - 1-2 years 89,249 88,523