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Company registration number: 09276992
Brand Murray Fuller Services Limited
Unaudited filleted financial statements
31 March 2024
Brand Murray Fuller Services Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Brand Murray Fuller Services Limited
Directors and other information
Directors Mr T L Brand
Mr A Murray
Ms J Fuller
Company number 09276992
Registered office Suite 330
50 Eastcastle Strret
London
W1W 8EA
Business address Suite 330
50 Eastcastle Street
London
W1W 8EA
Accountants James Reeves & Company Ltd
11 Church Crescent
London
N3 1BE
Brand Murray Fuller Services Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Brand Murray Fuller Services Limited
Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
James Reeves & Company Ltd
Chartered Certified Accountants
11 Church Crescent
London
N3 1BE
4 September 2024
Brand Murray Fuller Services Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 9 12,855 14,072
_______ _______
12,855 14,072
Current assets
Debtors 10 487,387 421,135
Cash at bank and in hand 188,715 214,091
_______ _______
676,102 635,226
Creditors: amounts falling due
within one year 11 ( 119,665) ( 128,865)
_______ _______
Net current assets 556,437 506,361
_______ _______
Total assets less current liabilities 569,292 520,433
_______ _______
Net assets 569,292 520,433
_______ _______
Capital and reserves
Called up share capital 12 200 100
Profit and loss account 569,092 520,333
_______ _______
Shareholders funds 569,292 520,433
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 September 2024 , and are signed on behalf of the board by:
Mr A Murray
Director
Company registration number: 09276992
Brand Murray Fuller Services Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Suite 330, 50 Eastcastle Strret, London, W1W 8EA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 670,554 530,658
Social security costs 82,054 64,172
Other pension costs 30,054 25,195
_______ _______
782,662 620,025
_______ _______
5. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).
6. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 3,017 4,385
_______ _______
7. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 12,917 7,073
_______ _______
Tax on profit 12,917 7,073
_______ _______
8. Dividends
Equity dividends
2024 2023
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) - 131,938
_______ _______
9. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 45,888 45,888
Additions 1,800 1,800
Disposals 1,545 1,545
_______ _______
At 31 March 2024 49,233 49,233
_______ _______
Depreciation
At 1 April 2023 31,816 31,816
Charge for the year 3,017 3,017
Disposals 1,545 1,545
_______ _______
At 31 March 2024 36,378 36,378
_______ _______
Carrying amount
At 31 March 2024 12,855 12,855
_______ _______
At 31 March 2023 14,072 14,072
_______ _______
10. Debtors
2024 2023
£ £
Trade debtors 422,387 421,135
Other debtors 65,000 -
_______ _______
487,387 421,135
_______ _______
11. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 20,490 37,401
Corporation tax 12,917 7,073
Social security and other taxes 80,063 71,017
Other creditors 6,195 13,374
_______ _______
119,665 128,865
_______ _______
12. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
Ordinary A shares of £ 0.01 each 10,000 100 - -
_______ _______ _______ _______
10,100 200 100 100
_______ _______ _______ _______
13. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Later than 1 year and not later than 5 years 191,813 265,275
_______ _______