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REGISTERED NUMBER: 04443263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Murcraft Services Limited

Murcraft Services Limited (Registered number: 04443263)






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


Murcraft Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs J C Murray
P C Murray





REGISTERED OFFICE: 105a Albemarle Road
Beckenham
Kent
BR3 5HS





REGISTERED NUMBER: 04443263 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Murcraft Services Limited (Registered number: 04443263)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,493 27,324

CURRENT ASSETS
Stocks 29,873 10,620
Cash at bank 42,128 69,754
72,001 80,374
CREDITORS
Amounts falling due within one year 5 47,647 59,822
NET CURRENT ASSETS 24,354 20,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,847

47,876

CREDITORS
Amounts falling due after more than one
year

6

(1,389

)

(4,722

)

PROVISIONS FOR LIABILITIES (2,242 ) (2,242 )
NET ASSETS 41,216 40,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,116 40,812
41,216 40,912

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.

Murcraft Services Limited (Registered number: 04443263)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





P C Murray - Director


Murcraft Services Limited (Registered number: 04443263)

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

1. STATUTORY INFORMATION

Murcraft Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Murcraft Services Limited (Registered number: 04443263)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 47,770
DEPRECIATION
At 1 August 2022 20,446
Charge for year 6,831
At 31 July 2023 27,277
NET BOOK VALUE
At 31 July 2023 20,493
At 31 July 2022 27,324

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 42,988
Transfer to ownership (14,994 )
At 31 July 2023 27,994
DEPRECIATION
At 1 August 2022 15,666
Charge for year 5,249
Transfer to ownership (8,668 )
At 31 July 2023 12,247
NET BOOK VALUE
At 31 July 2023 15,747
At 31 July 2022 27,322

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 3,333 5,276
Trade creditors 15,129 3,910
Taxation and social security 1,037 20,716
Other creditors 28,148 29,920
47,647 59,822

Murcraft Services Limited (Registered number: 04443263)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 1,389 4,722

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 4,722 9,998