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REGISTERED NUMBER: 06622554 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Peter Murray Financial Management
Limited

Peter Murray Financial Management
Limited (Registered number: 06622554)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Peter Murray Financial Management
Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: S J Murray





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 06622554 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Peter Murray Financial Management
Limited (Registered number: 06622554)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 8,144 4,646

CURRENT ASSETS
Debtors 5 187,067 159,887
Cash at bank and in hand 74,460 80,756
261,527 240,643
CREDITORS
Amounts falling due within one year 6 178,231 136,572
NET CURRENT ASSETS 83,296 104,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,440

108,717

CREDITORS
Amounts falling due after more than one
year

7

(16,753

)

(26,577

)

PROVISIONS FOR LIABILITIES (1,812 ) (698 )
NET ASSETS 72,875 81,442

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 62,875 71,442
SHAREHOLDERS' FUNDS 72,875 81,442

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.

Peter Murray Financial Management
Limited (Registered number: 06622554)

Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 5th September 2024 and were signed by:





S J Murray - Director


Peter Murray Financial Management
Limited (Registered number: 06622554)

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

1. STATUTORY INFORMATION

Peter Murray Financial Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents commissions and fees receivable during the year. Initial commissions are recognised when insurance and pension policies are placed on risk and provision is made for the possible claw back of commission on cancelled policies. Trail and renewal commissions are recognised when the right to consideration arises.

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 etc - 25% on cost and over the term of the lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 8 (2023 - 8 ) .

Peter Murray Financial Management
Limited (Registered number: 06622554)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2023 47,737
Additions 7,938
Disposals (8,557 )
At 31st March 2024 47,118
DEPRECIATION
At 1st April 2023 43,091
Charge for year 4,440
Eliminated on disposal (8,557 )
At 31st March 2024 38,974
NET BOOK VALUE
At 31st March 2024 8,144
At 31st March 2023 4,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 42,029 20,700
Amounts owed by group undertakings 106,026 97,739
Prepayments 39,012 41,448
187,067 159,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 10,648 10,648
Other loans 61,207 34,225
Trade creditors 2,044 1,870
Tax 60,841 44,519
Social security and other taxes 11,429 15,181
Accrued expenses 32,062 30,129
178,231 136,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 16,753 26,577

Peter Murray Financial Management
Limited (Registered number: 06622554)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£ £
Within one year 41,820 17,229
Between one and five years 102,255 9,736
144,075 26,965

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company's bank loan and overdraft facility is secured by personal guarantee by the director, Mr S.J. Murray up to the sum of £75,000.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Peter Murray Financial Planning Limited, a company registered in England and Wales.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Peter Murray Financial Management
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter Murray Financial Management Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Peter Murray Financial Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peter Murray Financial Management Limited and state those matters that we have agreed to state to the director of Peter Murray Financial Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter Murray Financial Management Limited and its director for our work or for this report.

It is your duty to ensure that Peter Murray Financial Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peter Murray Financial Management Limited. You consider that Peter Murray Financial Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peter Murray Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


5th September 2024