Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07938452 Mr Jonathan Bowen Mr Jonathan Bowen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07938452 2023-03-31 07938452 2024-03-31 07938452 2023-04-01 2024-03-31 07938452 frs-core:CurrentFinancialInstruments 2024-03-31 07938452 frs-core:Non-currentFinancialInstruments 2024-03-31 07938452 frs-core:ComputerEquipment 2024-03-31 07938452 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07938452 frs-core:ComputerEquipment 2023-03-31 07938452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07938452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07938452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 07938452 frs-core:PlantMachinery 2024-03-31 07938452 frs-core:PlantMachinery 2023-04-01 2024-03-31 07938452 frs-core:PlantMachinery 2023-03-31 07938452 frs-core:ShareCapital 2024-03-31 07938452 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07938452 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07938452 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07938452 frs-bus:SmallEntities 2023-04-01 2024-03-31 07938452 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07938452 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07938452 frs-bus:Director1 2023-04-01 2024-03-31 07938452 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07938452 frs-countries:EnglandWales 2023-04-01 2024-03-31 07938452 2022-03-31 07938452 2023-03-31 07938452 2022-04-01 2023-03-31 07938452 frs-core:CurrentFinancialInstruments 2023-03-31 07938452 frs-core:Non-currentFinancialInstruments 2023-03-31 07938452 frs-core:ShareCapital 2023-03-31 07938452 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07938452
MURUS FACADES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07938452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,671 12,196
10,671 12,196
CURRENT ASSETS
Stocks 5 123,905 604,523
Debtors 6 1,597,390 1,269,589
Cash at bank and in hand 1,949,204 1,317,612
3,670,499 3,191,724
Creditors: Amounts Falling Due Within One Year 7 (1,641,873 ) (1,338,527 )
NET CURRENT ASSETS (LIABILITIES) 2,028,626 1,853,197
TOTAL ASSETS LESS CURRENT LIABILITIES 2,039,297 1,865,393
Creditors: Amounts Falling Due After More Than One Year 8 (82,500 ) (55,000 )
NET ASSETS 1,956,797 1,810,393
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 1,956,697 1,810,293
SHAREHOLDERS' FUNDS 1,956,797 1,810,393
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jonathan Bowen
Director
15/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MURUS FACADES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07938452 . The registered office is Unit 3 Zone 4, Burntwood Business Park, Burntwood, Staffordshire, WS7 3XD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financal Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is the total amount receivable by the Company in the ordinary course of business for work executed and services provided, excluding VAT and including the value of the work done during the period but not invoiced.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold 10% Straight Line
Plant & Machinery 20% Straight Line
Computer Equipment 33.3% Straight Line
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2.5. Stocks and Work in Progress
Stocks are valued at the lower cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.7. Government Grant
Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2023: 47)
50 47
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 15,247 8,000 5,607 28,854
As at 31 March 2024 15,247 8,000 5,607 28,854
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 3,051 8,000 5,607 16,658
Provided during the period 1,525 - - 1,525
As at 31 March 2024 4,576 8,000 5,607 18,183
Net Book Value
As at 31 March 2024 10,671 - - 10,671
As at 1 April 2023 12,196 - - 12,196
5. Stocks
2024 2023
£ £
Work in Progress 123,905 604,523
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,434,777 1,121,795
Other debtors 130,641 115,822
1,565,418 1,237,617
Due after more than one year
Other debtors 31,972 31,972
1,597,390 1,269,589
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 563,353 496,833
Other creditors 825,223 670,809
Taxation and social security 253,297 170,885
1,641,873 1,338,527
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 82,500 55,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
The total financial commitments which are not included in the balance sheet amount to £1,622,332.
Page 4
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11. Related Party Transactions
Mr J P Bowen and Mr S R Threlfall are directors and shareholders of this Company and of Jost Management Services Limited. Mr S R Threlfall resigned as a director of the Company on the 3rd June 2024.
Murus Facades Limited owed Jost Management Services Limited £633,324 at 31st March 2024 (2023 : £581,322).
The director, Mr J P Bowen has provided a loan to the Company.  The balance due at 31st March 2024 was £66,085, (2023 : £35,525).  At 31st March 2024, there is also £8,438 owing to Mrs L J Bowen, the wife of Mr J P Bowen.
Page 5