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REGISTERED NUMBER: 10734524 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MURFTECH ENGINEERING SOLUTIONS LTD

MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURFTECH ENGINEERING SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mr M Murphy





SECRETARY:





REGISTERED OFFICE: 1 Gilgal Terrace
Pennar
Pembroke Dock
Pembrokeshire
SA72 6RS





REGISTERED NUMBER: 10734524 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 527,584 415,454

CURRENT ASSETS
Stocks - 60,000
Debtors 5 422,782 96,682
Cash at bank and in hand 17,178 14,924
439,960 171,606
CREDITORS
Amounts falling due within one year 6 (374,804 ) (93,099 )
NET CURRENT ASSETS 65,156 78,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,740

493,961

CREDITORS
Amounts falling due after more than one year 7 (223,168 ) (44,672 )
NET ASSETS 369,572 449,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 369,472 449,189
369,572 449,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)

BALANCE SHEET - continued
30 April 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 5 September 2024 and were signed by:





Mr M Murphy - Director


MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Murftech Engineering Solutions Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 124,800 180,330 19,370
Additions 173,305 15,314 3,378
Disposals - (5,214 ) -
At 30 April 2024 298,105 190,430 22,748
DEPRECIATION
At 1 May 2023 - 18,033 1,936
Charge for year - 34,586 4,162
Eliminated on disposal - (524 ) -
At 30 April 2024 - 52,095 6,098
NET BOOK VALUE
At 30 April 2024 298,105 138,335 16,650
At 30 April 2023 124,800 162,297 17,434

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 109,424 26,307 460,231
Additions - 3,832 195,829
Disposals (20,000 ) - (25,214 )
At 30 April 2024 89,424 30,139 630,846
DEPRECIATION
At 1 May 2023 20,863 3,945 44,777
Charge for year 13,712 6,549 59,009
Eliminated on disposal - - (524 )
At 30 April 2024 34,575 10,494 103,262
NET BOOK VALUE
At 30 April 2024 54,849 19,645 527,584
At 30 April 2023 88,561 22,362 415,454

MURFTECH ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: 10734524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 361,376 96,682
Other debtors 61,406 -
422,782 96,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 259,847 79,663
Taxation and social security 86,538 12,053
Other creditors 28,419 1,383
374,804 93,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 223,168 44,672

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr M Murphy
Balance outstanding at start of year (427 ) (24,286 )
Amounts advanced 185,933 110,630
Amounts repaid (145,624 ) (86,771 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,882 (427 )

**UNKNOWN DIRECTOR 2**
Balance outstanding at start of year - (428 )
Amounts advanced - 32,198
Amounts repaid - (31,770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -