BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company carries on the business of an investment holding company. 27 August 2024 1 1 NI638001 2024-03-31 NI638001 2023-03-31 NI638001 2022-03-31 NI638001 2023-04-01 2024-03-31 NI638001 2022-04-01 2023-03-31 NI638001 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI638001 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI638001 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI638001 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI638001 uk-bus:Director1 2023-04-01 2024-03-31 NI638001 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI638001 uk-bus:Agent1 2023-04-01 2024-03-31 NI638001 uk-core:ShareCapital 2024-03-31 NI638001 uk-core:ShareCapital 2023-03-31 NI638001 uk-core:SharePremium 2024-03-31 NI638001 uk-core:SharePremium 2023-03-31 NI638001 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI638001 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI638001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI638001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI638001 uk-bus:FRS102 2023-04-01 2024-03-31 NI638001 uk-core:CostValuation 2024-03-31 NI638001 uk-core:Subsidiary1 2023-04-01 2024-03-31 NI638001 uk-core:CurrentFinancialInstruments 2024-03-31 NI638001 uk-core:CurrentFinancialInstruments 2023-03-31 NI638001 uk-core:CurrentFinancialInstruments 2024-03-31 NI638001 uk-core:CurrentFinancialInstruments 2023-03-31 NI638001 uk-core:WithinOneYear 2024-03-31 NI638001 uk-core:WithinOneYear 2023-03-31 NI638001 uk-core:AfterOneYear 2024-03-31 NI638001 uk-core:AfterOneYear 2023-03-31 NI638001 2023-04-01 2024-03-31 NI638001 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI638001
 
 
Murray Tyres (Holdings) Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
Murray Tyres (Holdings) Limited
DIRECTOR AND OTHER INFORMATION

 
Director Dominic Murray
 
 
Company Registration Number NI638001
 
 
Registered Office and Business Address 97 - 105 Church Street
Portadown
Co. Armagh
BT62 1DB
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
 
 
Bankers Danske Bank
  45-48 High Street
  Portadown
  Co. Armagh
  BT62 1LB
  United Kingdom
 
   
Solicitors RM Cullen & Son
  16-20 Edward Street
  Portadown
  Co. Armagh
  BT62 3NL
  United Kingdom



Murray Tyres (Holdings) Limited
Company Registration Number: NI638001
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Investments 4 900,000 900,000
───────── ─────────
 
Current Assets
Debtors 5 1,573,708 1,656,505
Cash and cash equivalents 755,085 349,887
───────── ─────────
2,328,793 2,006,392
───────── ─────────
Creditors: amounts falling due within one year 6 (127,413) (128,952)
───────── ─────────
Net Current Assets 2,201,380 1,877,440
───────── ─────────
Total Assets less Current Liabilities 3,101,380 2,777,440
 
Creditors:
amounts falling due after more than one year 7 (34,737) (69,474)
───────── ─────────
Net Assets 3,066,643 2,707,966
═════════ ═════════
 
Capital and Reserves
Called up share capital 1,000 1,000
Share premium account 9 551,730 551,730
Retained earnings 2,513,913 2,155,236
───────── ─────────
Equity attributable to owners of the company 3,066,643 2,707,966
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 27 August 2024
           
           
________________________________          
Dominic Murray          
Director          
           



Murray Tyres (Holdings) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Murray Tyres (Holdings) Limited is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 March 2024 900,000 900,000
  ───────── ─────────
Net book value
At 31 March 2024 900,000 900,000
  ═════════ ═════════
At 31 March 2023 900,000 900,000
  ═════════ ═════════
             
4.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Murray Tyres Limited Northern Ireland Wholesale and retailing of lorry and motor tyres.   Ordinary 100
 
 
In the opinion of the director, the value to the company of the unlisted investments is not less than the book amount shown above.
       
5. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 1,573,708 1,256,505
Amounts owed by related parties - 400,000
  ───────── ─────────
  1,573,708 1,656,505
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation  (Note 8) 5,329 5,329
Director's current account 598 598
Shares classified as financial liabilities 34,737 34,737
Other creditors 83,249 84,988
Accruals 3,500 3,300
  ───────── ─────────
  127,413 128,952
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Shares classified as financial liabilities 34,737 69,474
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Creditors:
Corporation tax 2,218 2,218
Withholding tax 3,111 3,111
  ───────── ─────────
  5,329 5,329
  ═════════ ═════════
   
9. Reserves
 
Share Premium Reserve
 
The amount carried forward is the premium that arose from the issue of shares on 27 April 2016.
 
           
10. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
Mr Dominic Murray, is a Director of Murray Tyres (Holdings) Ltd and its subsidiary Murray Tyres Limited and Murray Tyres Wholesale Ltd. There are no trading transactions between Murray Tyres (Holdings) Ltd and the related parties apart from the payment of dividends to the holding company by the subsidiary.