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Company Registration No. 10848158 (England and Wales)
A J Murch Ltd Unaudited accounts for the year ended 31 July 2024
A J Murch Ltd Unaudited accounts Contents
Page
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A J Murch Ltd Company Information for the year ended 31 July 2024
Director
Ashley James Murch
Company Number
10848158 (England and Wales)
Registered Office
2 Upcott Cottages North Molton South Molton EX36 3JR
Accountants
R O Walters 48 Water Park Road Bideford EX39 3RN
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A J Murch Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,600 
4,800 
Tangible assets
75,815 
94,931 
79,415 
99,731 
Current assets
Inventories
1,887 
- 
Debtors
8,560 
24,854 
Cash at bank and in hand
59,804 
23,230 
70,251 
48,084 
Creditors: amounts falling due within one year
(76,602)
(41,258)
Net current (liabilities)/assets
(6,351)
6,826 
Total assets less current liabilities
73,064 
106,557 
Creditors: amounts falling due after more than one year
(23,453)
(28,306)
Provisions for liabilities
Deferred tax
(14,405)
(18,037)
Net assets
35,206 
60,214 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
34,206 
59,214 
Shareholders' funds
35,206 
60,214 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 22 April 2025 and were signed on its behalf by
Ashley James Murch Director Company Registration No. 10848158
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A J Murch Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
A J Murch Ltd is a private company, limited by shares, registered in England and Wales, registration number 10848158. The registered office is 2 Upcott Cottages, North Molton, South Molton, EX36 3JR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
12.5% Straight line
Intangible fixed assets
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting date. Deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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A J Murch Ltd Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
12,000 
At 31 July 2024
12,000 
Amortisation
At 1 August 2023
7,200 
Charge for the year
1,200 
At 31 July 2024
8,400 
Net book value
At 31 July 2024
3,600 
At 31 July 2023
4,800 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
168,560 
Additions
14,199 
Disposals
(11,952)
At 31 July 2024
170,807 
Depreciation
At 1 August 2023
73,629 
Charge for the year
21,363 
At 31 July 2024
94,992 
Net book value
At 31 July 2024
75,815 
At 31 July 2023
94,931 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
7,375 
9,218 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,776 
480 
Other debtors
1,784 
24,374 
8,560 
24,854 
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A J Murch Ltd Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,852 
4,852 
VAT
78 
3,504 
Obligations under finance leases and hire purchase contracts
- 
3,687 
Trade creditors
102 
621 
Taxes and social security
(1,964)
(17)
Loans from directors
71,709 
26,686 
Accruals
1,825 
1,925 
76,602 
41,258 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,453 
28,306 
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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