Company registration number 09116921 (England and Wales)
MURRAYS HOMELETS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
MURRAYS HOMELETS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
MURRAYS HOMELETS LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr R Murray
Company number
09116921
Registered office
30 - 31 St James Place
Mangotsfield
Bristol
South Glos.
United Kingdom
BS16 9JB
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
MURRAYS HOMELETS LIMITED
BALANCE SHEET
AS AT
30 OCTOBER 2023
30 October 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
4,028
3,396
Current assets
Debtors
6
139,397
175,338
Cash at bank and in hand
166,960
136,170
306,357
311,508
Creditors: amounts falling due within one year
7
(309,272)
(314,011)
Net current liabilities
(2,915)
(2,503)
Total assets less current liabilities
1,113
893
Provisions for liabilities
(638)
(305)
Net assets
475
588
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
375
488
Total equity
475
588

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MURRAYS HOMELETS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 OCTOBER 2023
30 October 2023
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 30 July 2024
Mr R Murray
Director
Company Registration No. 09116921
MURRAYS HOMELETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023
- 4 -
1
Accounting policies
Company information

Murrays Homelets Limited is a private company limited by shares incorporated in England and Wales. The registered office is 30 - 31 St James Place, Mangotsfield, Bristol, South Glos., United Kingdom, BS16 9JB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MURRAYS HOMELETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

MURRAYS HOMELETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
4
4
Intangible fixed assets
Goodwill
£
Cost
At 31 October 2022 and 30 October 2023
22,000
Amortisation and impairment
At 31 October 2022 and 30 October 2023
22,000
Carrying amount
At 30 October 2023
-
0
At 30 October 2022
-
0
MURRAYS HOMELETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 7 -
5
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 31 October 2022
8,093
9,741
17,834
Additions
850
861
1,711
At 30 October 2023
8,943
10,602
19,545
Depreciation and impairment
At 31 October 2022
6,668
7,769
14,437
Depreciation charged in the year
568
512
1,080
At 30 October 2023
7,236
8,281
15,517
Carrying amount
At 30 October 2023
1,707
2,321
4,028
At 30 October 2022
1,424
1,972
3,396
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
252
255
Other debtors
139,145
175,083
139,397
175,338
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
452
523
Taxation and social security
305,145
296,419
Other creditors
3,675
17,069
309,272
314,011
MURRAYS HOMELETS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 8 -
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr R Murray
-
112,082
33,855
(67,809)
78,128
112,082
33,855
(67,809)
78,128
2023-10-302022-10-31false30 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr R Murrayfalsefalse091169212022-10-312023-10-3009116921bus:Director12022-10-312023-10-3009116921bus:RegisteredOffice2022-10-312023-10-30091169212023-10-30091169212022-10-3009116921core:FurnitureFittings2023-10-3009116921core:ComputerEquipment2023-10-3009116921core:FurnitureFittings2022-10-3009116921core:ComputerEquipment2022-10-3009116921core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3009116921core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3009116921core:CurrentFinancialInstruments2023-10-3009116921core:CurrentFinancialInstruments2022-10-3009116921core:ShareCapital2023-10-3009116921core:ShareCapital2022-10-3009116921core:RetainedEarningsAccumulatedLosses2023-10-3009116921core:RetainedEarningsAccumulatedLosses2022-10-3009116921core:Goodwill2022-10-312023-10-3009116921core:FurnitureFittings2022-10-312023-10-3009116921core:ComputerEquipment2022-10-312023-10-30091169212021-10-312022-10-3009116921core:NetGoodwill2022-10-3009116921core:NetGoodwill2023-10-3009116921core:NetGoodwill2022-10-3009116921core:FurnitureFittings2022-10-3009116921core:ComputerEquipment2022-10-30091169212022-10-3009116921core:WithinOneYear2023-10-3009116921core:WithinOneYear2022-10-3009116921bus:PrivateLimitedCompanyLtd2022-10-312023-10-3009116921bus:SmallCompaniesRegimeForAccounts2022-10-312023-10-3009116921bus:FRS1022022-10-312023-10-3009116921bus:AuditExemptWithAccountantsReport2022-10-312023-10-3009116921bus:FullAccounts2022-10-312023-10-30xbrli:purexbrli:sharesiso4217:GBP