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REGISTERED NUMBER: 11848454 (England and Wales)















MURPHY AND MURPHY (SOUTH WALES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






MURPHY AND MURPHY (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11848454)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MURPHY AND MURPHY (SOUTH WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: S Murphy





REGISTERED OFFICE: 3 Pleasant View
Cilsanws Lane
Cefn Coed
Merthyr Tydfil
CF48 2NU





REGISTERED NUMBER: 11848454 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

MURPHY AND MURPHY (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11848454)

STATEMENT OF FINANCIAL POSITION
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,200
Tangible assets 5 4,950 6,600
10,950 13,800

CURRENT ASSETS
Stocks 7,000 10,000
Debtors 6 - 5,200
Cash at bank 11,354 2,696
18,354 17,896
CREDITORS
Amounts falling due within one year 7 51,207 48,468
NET CURRENT LIABILITIES (32,853 ) (30,572 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,903 ) (16,772 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (21,904 ) (16,773 )
SHAREHOLDERS' FUNDS (21,903 ) (16,772 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th October 2024 and were signed by:





S Murphy - Director


MURPHY AND MURPHY (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11848454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Murphy and Murphy (South Wales) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MURPHY AND MURPHY (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11848454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 12,000
AMORTISATION
At 1st March 2023 4,800
Amortisation for year 1,200
At 29th February 2024 6,000
NET BOOK VALUE
At 29th February 2024 6,000
At 28th February 2023 7,200

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st March 2023
and 29th February 2024 8,800
DEPRECIATION
At 1st March 2023 2,200
Charge for year 1,650
At 29th February 2024 3,850
NET BOOK VALUE
At 29th February 2024 4,950
At 28th February 2023 6,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 5,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,055 21,881
Other creditors 32,152 26,587
51,207 48,468

MURPHY AND MURPHY (SOUTH WALES) LIMITED (REGISTERED NUMBER: 11848454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

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