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REGISTERED NUMBER: 10663465 (England and Wales)







Financial Statements for the Year Ended 31st March 2024

for

Murcott Energy Limited

Murcott Energy Limited (Registered number: 10663465)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Murcott Energy Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: B R Murcott





REGISTERED OFFICE: Kingsway House
40 Foregate Street
Worcester
Worcestershire
WR1 1EE





REGISTERED NUMBER: 10663465 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Murcott Energy Limited (Registered number: 10663465)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,955 29,945
Tangible assets 5 2,561 4,026
26,516 33,971

CURRENT ASSETS
Debtors 12,000 3,913
Cash at bank 23,775 382
35,775 4,295
CREDITORS
Amounts falling due within one year 36,495 37,102
NET CURRENT LIABILITIES (720 ) (32,807 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,796

1,164

PROVISIONS FOR LIABILITIES 182 359
NET ASSETS 25,614 805

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,514 705
25,614 805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th July 2024 and were signed by:




B R Murcott - Director


Murcott Energy Limited (Registered number: 10663465)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Murcott Energy 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.

DEVELOPMENT COSTS
Development costs will be amortised over the useful economic life once the product development has ceased. This started in 2024 and the development costs will be written off over 5 years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Murcott Energy Limited (Registered number: 10663465)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 29,945
AMORTISATION
Amortisation for year 5,990
At 31st March 2024 5,990
NET BOOK VALUE

At 31st March 2024 23,955
At 31st March 2023 29,945

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 6,023
DEPRECIATION
At 1st April 2023 1,997
Charge for year 1,465
At 31st March 2024 3,462
NET BOOK VALUE
At 31st March 2024 2,561
At 31st March 2023 4,026