Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 true No description of principal activity 1 May 2023 30 April 2024 30 April 2024 07588511 Harnarine Murally Christian Murally Hannah Murally Marina Murally iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07588511 2023-04-30 07588511 2024-04-30 07588511 2023-05-01 2024-04-30 07588511 frs-core:CurrentFinancialInstruments 2024-04-30 07588511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 07588511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07588511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 07588511 frs-core:PlantMachinery 2024-04-30 07588511 frs-core:PlantMachinery 2023-05-01 2024-04-30 07588511 frs-core:PlantMachinery 2023-04-30 07588511 frs-core:ShareCapital 2024-04-30 07588511 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07588511 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07588511 frs-bus:FullAccounts 2023-05-01 2024-04-30 07588511 frs-bus:SmallEntities 2023-05-01 2024-04-30 07588511 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07588511 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07588511 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-05-01 2024-04-30 07588511 frs-bus:Director1 2023-05-01 2024-04-30 07588511 frs-bus:Director2 2023-05-01 2024-04-30 07588511 frs-bus:Director3 2023-05-01 2024-04-30 07588511 frs-bus:Director4 2023-05-01 2024-04-30 07588511 frs-countries:EnglandWales 2023-05-01 2024-04-30 07588511 2022-04-30 07588511 2023-04-30 07588511 2022-05-01 2023-04-30 07588511 frs-core:CurrentFinancialInstruments 2023-04-30 07588511 frs-core:ShareCapital 2023-04-30 07588511 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07588511
h & m Murally Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 April 2024
Duport Accountants Ltd
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Directors Harnarine Murally
Christian Murally
Hannah Murally
Marina Murally
Company Number 07588511
Registered Office 18 Earls Drive
Newcastle
ST5 3QS
Accountants Duport Accountants Ltd
PO Box 335
Bridgend
CF31 9LR
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Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Harnarine Murally
Christian Murally
Hannah Murally
Marina Murally
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Harnarine Murally
Director
13/01/2025
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Page 3
Accountant's Report
Report of the Accountant to the directors of h & m Murally Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 April 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
13/01/2025
Duport Accountants Ltd
PO Box 335
Bridgend
CF31 9LR
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Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 91,492 107,381
Cost of sales (1,394 ) (889 )
GROSS PROFIT 90,098 106,492
Administrative expenses (219,128 ) (58,663 )
OPERATING (LOSS)/PROFIT (129,030 ) 47,829
Other interest receivable and similar income 1,029 130
(LOSS)/PROFIT BEFORE TAXATION (128,001 ) 47,959
Tax on (Loss)/profit 516 (9,849 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR (127,485 ) 38,110
The notes on pages 7 to 8 form part of these financial statements.
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Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,430 156,876
150,430 156,876
CURRENT ASSETS
Debtors 5 2,069 -
Cash at bank and in hand 37,857 180,791
39,926 180,791
Creditors: Amounts Falling Due Within One Year 6 (34 ) (19,344 )
NET CURRENT ASSETS (LIABILITIES) 39,892 161,447
TOTAL ASSETS LESS CURRENT LIABILITIES 190,322 318,323
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,461 ) (1,977 )
NET ASSETS 188,861 316,346
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 188,761 316,246
SHAREHOLDERS' FUNDS 188,861 316,346
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For the year ending 30 April 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Harnarine Murally
Director
13/01/2025
The notes on pages 7 to 8 form part of these financial statements.
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Page 7
Notes to the Financial Statements
1. General Information
h & m Murally Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07588511 . The registered office is 18 Earls Drive, Newcastle, ST5 3QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 50 years
Plant & Machinery over 5 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 161,481 14,328 175,809
As at 30 April 2024 161,481 14,328 175,809
Depreciation
As at 1 May 2023 15,008 3,925 18,933
Provided during the period 3,732 2,714 6,446
As at 30 April 2024 18,740 6,639 25,379
Net Book Value
As at 30 April 2024 142,741 7,689 150,430
As at 1 May 2023 146,473 10,403 156,876
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,069 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 774
Other creditors - 6,047
Taxation and social security 34 12,523
34 19,344
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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