Company Registration No. 5943794 (England and Wales)
Ian Murphy Limited
Unaudited accounts
for the year ended 30 September 2024
Ian Murphy Limited
Unaudited accounts
Contents
Ian Murphy Limited
Company Information
for the year ended 30 September 2024
Directors
Mr I D Murphy
Mrs A Murphy
Mr L Murphy
Company Number
5943794 (England and Wales)
Registered Office
106 Oxford Road
Banbury
Oxfordshire
OX16 9AW
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Ian Murphy Limited
Statement of financial position
as at 30 September 2024
Tangible assets
4,544
4,898
Cash at bank and in hand
105,536
108,957
Creditors: amounts falling due within one year
(27,110)
(17,581)
Net current assets
89,880
109,563
Total assets less current liabilities
94,424
114,461
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
93,559
113,529
Shareholders' funds
93,561
113,531
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
Mr I D Murphy
Director
Company Registration No. 5943794
Ian Murphy Limited
Notes to the Accounts
for the year ended 30 September 2024
Ian Murphy Limited is a private company, limited by shares, registered in England and Wales, registration number 5943794. The registered office is 106 Oxford Road, Banbury, Oxfordshire, OX16 9AW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arose 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 future taxable profits.
Ian Murphy Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
1,856
13,749
10,694
26,299
At 30 September 2024
1,856
13,749
11,618
27,223
At 1 October 2023
1,428
11,914
8,059
21,401
Charge for the year
107
459
712
1,278
At 30 September 2024
1,535
12,373
8,771
22,679
At 30 September 2024
321
1,376
2,847
4,544
At 30 September 2023
428
1,835
2,635
4,898
Amounts falling due within one year
Trade debtors
2,126
18,004
Accrued income and prepayments
9,328
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,502
3,617
Taxes and social security
9,608
13,964
Loans from directors
(6,000)
-
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).