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REGISTERED NUMBER: 05696549 (England and Wales)















MURTAGH & MALONEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURTAGH & MALONEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R Murtagh
O Maloney





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 05696549 (England and Wales)






MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 557,229 766,389

CURRENT ASSETS
Debtors 5 125,139 439,810
Cash at bank 1,132,858 997,018
1,257,997 1,436,828
CREDITORS
Amounts falling due within one year 6 670,928 1,034,997
NET CURRENT ASSETS 587,069 401,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,298

1,168,220

CREDITORS
Amounts falling due after more than one
year

7

(85,681

)

(108,431

)

PROVISIONS FOR LIABILITIES (105,873 ) (145,614 )
NET ASSETS 952,744 914,175

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 952,740 914,171
952,744 914,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




O Maloney - Director



R Murtagh - Director


MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Murtagh & Maloney 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,453,038
Additions 196,488
Disposals (560,082 )
At 31 January 2024 1,089,444
DEPRECIATION
At 1 February 2023 686,649
Charge for year 213,848
Eliminated on disposal (368,282 )
At 31 January 2024 532,215
NET BOOK VALUE
At 31 January 2024 557,229
At 31 January 2023 766,389

MURTAGH & MALONEY LIMITED (REGISTERED NUMBER: 05696549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 426,815
Additions 70,289
Transfer to ownership (217,285 )
At 31 January 2024 279,819
DEPRECIATION
At 1 February 2023 168,243
Charge for year 52,988
Transfer to ownership (106,233 )
At 31 January 2024 114,998
NET BOOK VALUE
At 31 January 2024 164,821
At 31 January 2023 258,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,619 360,794
Other debtors 22,520 79,016
125,139 439,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 70,002 70,118
Trade creditors 51,632 154,868
Amounts owed to group undertakings 317,390 150,400
Taxation and social security 208,032 283,108
Other creditors 23,872 376,503
670,928 1,034,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 85,681 108,431