Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07603636 Mrs Maria Murphy Mr Paul Murphy Maria Murphy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07603636 2023-04-30 07603636 2024-04-30 07603636 2023-05-01 2024-04-30 07603636 frs-core:CurrentFinancialInstruments 2024-04-30 07603636 frs-core:ShareCapital 2024-04-30 07603636 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07603636 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07603636 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07603636 frs-bus:SmallEntities 2023-05-01 2024-04-30 07603636 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07603636 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07603636 1 2023-05-01 2024-04-30 07603636 frs-core:DeferredTaxation 2023-04-30 07603636 frs-core:DeferredTaxation 2024-04-30 07603636 frs-bus:Director1 2023-05-01 2024-04-30 07603636 frs-bus:Director2 2023-05-01 2024-04-30 07603636 frs-countries:EnglandWales 2023-05-01 2024-04-30 07603636 2022-04-30 07603636 2023-04-30 07603636 2022-05-01 2023-04-30 07603636 frs-core:CurrentFinancialInstruments 2023-04-30 07603636 frs-core:ShareCapital 2023-04-30 07603636 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07603636
P Murphy Plant Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
BFC Business Services Limited
52 Knollys Road
London
SW16 2JX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07603636
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 37,612 19,843
Cash at bank and in hand 1,063 5,260
38,675 25,103
Creditors: Amounts Falling Due Within One Year 5 (55,312 ) (44,223 )
NET CURRENT ASSETS (LIABILITIES) (16,637 ) (19,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,637 ) (19,120 )
NET LIABILITIES (16,637 ) (19,120 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (16,647 ) (19,130 )
SHAREHOLDERS' FUNDS (16,637) (19,120)
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Maria Murphy
Director
23rd March 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
P Murphy Plant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07603636 . The registered office is 64 Kingsway, Enfield, London, EN3 4HT.
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. Going Concern Disclosure
The company has full support from its Director and therefore is deemed a going concern.
2.3. 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.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to
the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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2.6. 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: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 33,594 15,768
Deferred tax current asset 4,018 4,018
VAT - 57
37,612 19,843
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,800 10,848
Corporation tax 98 98
Other taxes and social security 43,681 33,277
VAT 1,333 -
Accruals and deferred income 400 -
55,312 44,223
6. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 (4,018 ) (4,018)
Balance at 30 April 2024 (4,018 ) (4,018)
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Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Ultimate Controlling Party
The company's ultimate controlling party is Maria Murphy by virtue of his ownership of 100% of the issued share capital in the company.
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