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REGISTERED NUMBER: 02321024 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MURRAY SMITH FINANCIAL SERVICES LIMITED

MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURRAY SMITH FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M G Benson
S A Williams





REGISTERED OFFICE: Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU





REGISTERED NUMBER: 02321024 (England and Wales)






MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,674 27,888
69,674 27,888

CURRENT ASSETS
Debtors 6 399,230 278,830
Cash at bank 198,035 351,222
597,265 630,052
CREDITORS
Amounts falling due within one year 7 95,835 151,056
NET CURRENT ASSETS 501,430 478,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,104

506,884

CREDITORS
Amounts falling due after more than one year 8 (30,595 ) (11,725 )

PROVISIONS FOR LIABILITIES (17,419 ) (6,972 )
NET ASSETS 523,090 488,187

CAPITAL AND RESERVES
Called up share capital 10 400 400
Capital redemption reserve 600 600
Retained earnings 522,090 487,187
SHAREHOLDERS' FUNDS 523,090 488,187

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

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

MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





M G Benson - Director


MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)

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

1. STATUTORY INFORMATION

Murray Smith Financial Services 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 represents amounts receivable for services provided during the year, excluding Value Added Tax. Income is recognised at the point where the right to consideration arises and the excess over invoiced amounts is shown within accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised evenly over its estimated useful life of ten years.

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

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 6 (2023 - 6 ) .

MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 180,000
AMORTISATION
At 1 April 2023
and 31 March 2024 180,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 50,634
Additions 53,190
At 31 March 2024 103,824
DEPRECIATION
At 1 April 2023 22,746
Charge for year 11,404
At 31 March 2024 34,150
NET BOOK VALUE
At 31 March 2024 69,674
At 31 March 2023 27,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,400 2,700
Other debtors 397,830 276,130
399,230 278,830

MURRAY SMITH FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 02321024)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,621 10,824
Taxation and social security 54,733 57,310
Other creditors 19,481 82,922
95,835 151,056

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 30,595 11,725

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 52,216 22,549

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 B Ordinary £1 200 200
200 D Ordinary £1 200 200
400 400