Registered number
10876577
Murphy Connor Ltd
Filleted Accounts
31 July 2024
Murphy Connor Ltd
Company Information
Directors
I Connor
Miss C Murphy
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Miners Arms
Whitecroft
Lydney
Gloucestershire
Registered number
10876577
Murphy Connor Ltd
Registered number: 10876577
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 456,225 476,885
Current assets
Stocks 5,000 3,500
Debtors 4 - 421
Cash at bank and in hand 29,806 18,176
34,806 22,097
Creditors: amounts falling due within one year 5 (30,389) (28,193)
Net current assets/(liabilities) 4,417 (6,096)
Total assets less current liabilities 460,642 470,789
Creditors: amounts falling due after more than one year 6 (488,724) (491,999)
Net liabilities (28,082) (21,210)
Capital and reserves
Called up share capital 1 1
Profit and loss account (28,083) (21,211)
Shareholder's funds (28,082) (21,210)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ian Connor
Director
Approved by the board on 30 April 2025
Murphy Connor Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Equipment over 5 years
Property improvements over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 15
3 Tangible fixed assets
Land and buildings Equipment Property improvements Total
£ £ £ £
Cost
At 1 August 2023 415,315 19,773 86,925 522,013
Additions - 846 - 846
At 31 July 2024 415,315 20,619 86,925 522,859
Depreciation
At 1 August 2023 - 10,752 34,376 45,128
Charge for the year - 4,122 17,384 21,506
At 31 July 2024 - 14,874 51,760 66,634
Net book value
At 31 July 2024 415,315 5,745 35,165 456,225
At 31 July 2023 415,315 9,021 52,549 476,885
4 Debtors 2024 2023
£ £
Trade debtors - 421
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,397 12,911
Taxation and social security costs 18,797 14,087
Other creditors 1,195 1,195
30,389 28,193
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan account 444,477 439,042
Bank loans 44,247 52,957
488,724 491,999
7 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
8 Controlling party
The company is controlled by the directors.
9 Other information
Murphy Connor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Miners Arms
Whitecroft
Lydney
Gloucestershire
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