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REGISTERED NUMBER: 07649975 (England and Wales)










Murray & Hayward Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Murray & Hayward Limited (Registered number: 07649975)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Murray & Hayward Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C G Hayward
B D Roche
M J Scott





REGISTERED OFFICE: Alderson House
17-19 Old Milton Road
New Milton
Hampshire
BH25 6DQ





REGISTERED NUMBER: 07649975 (England and Wales)

Murray & Hayward Limited (Registered number: 07649975)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 101,815 116,815
Tangible assets 5 59,670 79,038
161,485 195,853

CURRENT ASSETS
Stocks 6 1,500 1,500
Debtors 7 213,860 117,705
Cash at bank and in hand 185,388 356,663
400,748 475,868
CREDITORS
Amounts falling due within one year 8 (175,156 ) (151,881 )
NET CURRENT ASSETS 225,592 323,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,077

519,840

PROVISIONS FOR LIABILITIES - (2,486 )
NET ASSETS 387,077 517,354

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 386,977 517,254
SHAREHOLDERS' FUNDS 387,077 517,354

Murray & Hayward Limited (Registered number: 07649975)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




C G Hayward - Director



B D Roche - Director


Murray & Hayward Limited (Registered number: 07649975)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

GOING CONCERN
The directors believe that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook, and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

GOODWILL
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
Murray & Hayward (on incorporation) 5% straight line
Woodgale Estate agents (on acquisition) 50% straight line

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Equipment 25% reducing balance basis
Motor vehicles 25% reducing balance basis
Office fixtures and fittings 25% reducing balance basis

Murray & Hayward Limited (Registered number: 07649975)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

STOCKS
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Net realisable value is based on selling price less anticipated costs to completion and selling costs.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise 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 other future taxable profits.

Murray & Hayward Limited (Registered number: 07649975)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

TRADE DEBTORS
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

HIRE PURCHASE AND LEASING
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 328,602
AMORTISATION
At 1 October 2023 211,787
Amortisation for year 15,000
At 30 September 2024 226,787
NET BOOK VALUE
At 30 September 2024 101,815
At 30 September 2023 116,815

Murray & Hayward Limited (Registered number: 07649975)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 57,899 103,325 25,686 186,910
Additions - - 521 521
At 30 September 2024 57,899 103,325 26,207 187,431
DEPRECIATION
At 1 October 2023 54,098 32,860 20,914 107,872
Charge for year 950 17,616 1,323 19,889
At 30 September 2024 55,048 50,476 22,237 127,761
NET BOOK VALUE
At 30 September 2024 2,851 52,849 3,970 59,670
At 30 September 2023 3,801 70,465 4,772 79,038

6. STOCKS
2024 2023
£    £   
Stocks 1,500 1,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,290 42,141
Other debtors - S455 18,690 11,940
Other debtors - 5,194
Directors' current accounts 54,971 34,971
Deferred tax asset 7,707 -
Prepayments 25,202 23,459
213,860 117,705

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,058 21,335
Pension contributions unpaid 2,351 2,289
Corporation tax liability 34,376 31,127
PAYE and NIC creditor 15,338 15,719
VAT control account 61,109 61,588
Accruals 36,924 19,823
175,156 151,881

Murray & Hayward Limited (Registered number: 07649975)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 517,254
Profit for the year 31,412
Dividends (161,689 )
At 30 September 2024 386,977

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
C G Hayward
Balance outstanding at start of year 35,378 (28 )
Amounts advanced 138,258 147,132
Amounts repaid (118,258 ) (111,726 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,378 35,378