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REGISTERED NUMBER: 05619710 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED

J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED (REGISTERED NUMBER: 05619710)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A M Murphy
J Murphy
S D Murphy





SECRETARY: A M Murphy





REGISTERED OFFICE: Cinnamon Street
Off Molyneux Street
Rochdale
Lancashire
OL12 6QA





REGISTERED NUMBER: 05619710 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED (REGISTERED NUMBER: 05619710)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,389 269,784

CURRENT ASSETS
Stocks 250 250
Debtors 85,202 43,649
Cash at bank and in hand 102,580 196,755
188,032 240,654
CREDITORS
Amounts falling due within one year 73,051 79,453
NET CURRENT ASSETS 114,981 161,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,370

430,985

CREDITORS
Amounts falling due after more than one year 5 93,627 183,881
NET ASSETS 288,743 247,104

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 288,653 247,014
SHAREHOLDERS' FUNDS 288,743 247,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED (REGISTERED NUMBER: 05619710)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 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 Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:




J Murphy - Director A M Murphy - Director




S D Murphy - Director


J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED (REGISTERED NUMBER: 05619710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

J And A Murphy (Motor Vehicle Engineers) 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.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1a) has had no material impact on either the financial position or the financial performance as previously reported by the company.

Turnover
Turnover represents the net invoiced sales of goods and services rendered, excluding value added tax.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

J AND A MURPHY (MOTOR VEHICLE ENGINEERS)
LIMITED (REGISTERED NUMBER: 05619710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 341,203
Additions 930
At 30 November 2023 342,133
DEPRECIATION
At 1 December 2022 71,419
Charge for year 3,325
At 30 November 2023 74,744
NET BOOK VALUE
At 30 November 2023 267,389
At 30 November 2022 269,784

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 48,991 54,518

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 82,646 92,722
Directors loans - 84,166
82,646 176,888