Registered number
06926517
Murrow Limited
Filleted Accounts
30 November 2023
Murrow Limited
Registered number: 06926517
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2 2
Tangible assets 4 162,398 170,980
162,400 170,982
Current assets
Stocks 11,753 9,302
Debtors 5 3,836 16,927
Cash at bank and in hand 101,424 95,982
117,013 122,211
Creditors: amounts falling due within one year 6 (185,847) (197,844)
Net current liabilities (68,834) (75,633)
Total assets less current liabilities 93,566 95,349
Creditors: amounts falling due after more than one year 7 (46,500) (84,500)
Net assets 47,066 10,849
Capital and reserves
Called up share capital 2 2
Profit and loss account 47,064 10,847
Shareholders' funds 47,066 10,849
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Rowlands
Director
Approved by the board on 9 August 2024
Murrow Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 47 48
3 Intangible fixed assets £
Goodwill:
Goodwill Patents Total
£ £ £
Cost
At 1 December 2022 386,667 34,931 421,598
At 30 November 2023 386,667 34,931 421,598
Amortisation
At 1 December 2022 386,667 34,929 421,596
At 30 November 2023 386,667 34,929 421,596
Net book value
At 30 November 2023 - 2 2
At 30 November 2022 - 2 2
Goodwill is being written off in equal annual instalments over its estimated economic life of 8 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 140,004 650,577 790,581
Additions - 16,308 16,308
At 30 November 2023 140,004 666,885 806,889
Depreciation
At 1 December 2022 58,183 561,418 619,601
Charge for the year 3,805 21,085 24,890
At 30 November 2023 61,988 582,503 644,491
Net book value
At 30 November 2023 78,016 84,382 162,398
At 30 November 2022 81,821 89,159 170,980
5 Debtors 2023 2022
£ £
Other debtors 3,836 16,927
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,522 59,511
Trade creditors 1,370 9,688
Taxation and social security costs 76,237 50,058
Other creditors 68,718 78,587
185,847 197,844
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 46,500 84,500
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 218,051 218,051
Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.
9 Other information
Murrow Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, 525 Liverpool Road,
Great Sankey
Warrington
Cheshire
WA5 3LX
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