5 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09008411 2023-05-01 2024-04-30 09008411 2024-04-30 09008411 2023-04-30 09008411 2022-05-01 2023-04-30 09008411 2023-04-30 09008411 2022-04-30 09008411 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 09008411 bus:RegisteredOffice 2023-05-01 2024-04-30 09008411 bus:Director1 2023-05-01 2024-04-30 09008411 bus:Director2 2023-05-01 2024-04-30 09008411 core:PlantMachinery 2023-04-30 09008411 core:FurnitureFittingsToolsEquipment 2023-04-30 09008411 core:MotorVehicles 2023-04-30 09008411 core:PlantMachinery 2024-04-30 09008411 core:FurnitureFittingsToolsEquipment 2024-04-30 09008411 core:MotorVehicles 2024-04-30 09008411 core:WithinOneYear 2024-04-30 09008411 core:WithinOneYear 2023-04-30 09008411 core:AfterOneYear 2024-04-30 09008411 core:AfterOneYear 2023-04-30 09008411 core:ShareCapital 2024-04-30 09008411 core:ShareCapital 2023-04-30 09008411 core:RetainedEarningsAccumulatedLosses 2024-04-30 09008411 core:RetainedEarningsAccumulatedLosses 2023-04-30 09008411 core:PlantMachinery 2023-05-01 2024-04-30 09008411 core:MotorVehicles 2023-05-01 2024-04-30 09008411 core:PlantMachinery 2023-04-30 09008411 core:FurnitureFittingsToolsEquipment 2023-04-30 09008411 core:MotorVehicles 2023-04-30 09008411 bus:Director1 2023-04-30 09008411 bus:Director1 2024-04-30 09008411 bus:Director1 2022-04-30 09008411 bus:Director1 2023-04-30 09008411 bus:Director1 2022-05-01 2023-04-30 09008411 bus:SmallEntities 2023-05-01 2024-04-30 09008411 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09008411 bus:FullAccounts 2023-05-01 2024-04-30 09008411 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09008411 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Company registration number: 09008411
A Murphy Engineering Limited
Unaudited filleted financial statements
30 April 2024
A Murphy Engineering Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
A Murphy Engineering Limited
Directors and other information
Directors A M Murphy
S Somers
Company number 09008411
Registered office 36 York Avenue
Hanwell
London
W7 3HU
A Murphy Engineering Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 48,744 37,473
_______ _______
48,744 37,473
Current assets
Debtors 5 186,268 134,510
Cash at bank and in hand 17,021 54,911
_______ _______
203,289 189,421
Creditors: amounts falling due
within one year 6 ( 110,592) ( 100,669)
_______ _______
Net current assets 92,697 88,752
_______ _______
Total assets less current liabilities 141,441 126,225
Creditors: amounts falling due
after more than one year 7 ( 43,522) ( 45,212)
_______ _______
Net assets 97,919 81,013
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 97,909 81,003
_______ _______
Shareholders funds 97,919 81,013
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 August 2024 , and are signed on behalf of the board by:
A M Murphy
Director
Company registration number: 09008411
A Murphy Engineering Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 36 York Avenue, Hanwell, London, W7 3HU.
2. Accounting policies
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 fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 3 ).
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 35,820 10,673 43,736 90,229
Additions - 2,829 33,000 35,829
_______ _______ _______ _______
At 30 April 2024 35,820 13,502 76,736 126,058
_______ _______ _______ _______
Depreciation
At 1 May 2023 17,910 9,669 25,177 52,756
Charge for the year 8,955 1,167 14,436 24,558
_______ _______ _______ _______
At 30 April 2024 26,865 10,836 39,613 77,314
_______ _______ _______ _______
Carrying amount
At 30 April 2024 8,955 2,666 37,123 48,744
_______ _______ _______ _______
At 30 April 2023 17,910 1,004 18,559 37,473
_______ _______ _______ _______
5. Debtors
2024 2023
£ £
Trade debtors 159,701 115,233
Other debtors 26,567 19,277
_______ _______
186,268 134,510
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,048 11,493
Trade creditors 54,909 21,692
Corporation tax 11,900 31,034
Social security and other taxes 1,587 -
Other creditors 32,148 36,450
_______ _______
110,592 100,669
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 13,230 23,159
Other creditors 19,506 22,053
_______ _______
32,736 45,212
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
A M Murphy ( 18,652) 17,147 ( 1,505)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
A M Murphy ( 393) ( 18,259) ( 18,652)
_______ _______ _______