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REGISTERED NUMBER: 12382398 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MURPHY MCKENNA LTD

MURPHY MCKENNA LTD (REGISTERED NUMBER: 12382398)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MURPHY MCKENNA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: T M P Murphy





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 12382398 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

MURPHY MCKENNA LTD (REGISTERED NUMBER: 12382398)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,283 31,820

CURRENT ASSETS
Stocks 1,829,565 1,696,002
Debtors 5 5,180 918
Cash at bank 2,766 1,003
1,837,511 1,697,923
CREDITORS
Amounts falling due within one year 6 361,458 7,675
NET CURRENT ASSETS 1,476,053 1,690,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,336

1,722,068

CREDITORS
Amounts falling due after more than one
year

7

1,599,132

1,746,235
NET LIABILITIES (90,796 ) (24,167 )

CAPITAL AND RESERVES
Called up share capital 10 200 100
Retained earnings (90,996 ) (24,267 )
SHAREHOLDERS' FUNDS (90,796 ) (24,167 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2025 and were signed by:





T M P Murphy - Director


MURPHY MCKENNA LTD (REGISTERED NUMBER: 12382398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Murphy McKenna Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The balance sheet as at 31 January 2025 shows a net liability position of £90,796 (2024: £24,167).

The Company continues to meet its day to day working capital requirements through operating cashflows, bank finance and support from the Director.

Having considered all of the relevant facts, the Director considers it is appropriate to prepare the financial statements on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and estimated selling price less cost to sell.

Cost includes all inventory of raw materials, goods in process, labour and other direct expenditure of the property development.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

MURPHY MCKENNA LTD (REGISTERED NUMBER: 12382398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2024 41,715 374 42,089
Additions 6,060 184 6,244
At 31 January 2025 47,775 558 48,333
DEPRECIATION
At 1 February 2024 10,160 109 10,269
Charge for year 5,642 139 5,781
At 31 January 2025 15,802 248 16,050
NET BOOK VALUE
At 31 January 2025 31,973 310 32,283
At 31 January 2024 31,555 265 31,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 200 100
VAT 729 620
Prepayments 4,251 198
5,180 918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 8) 359,408 5,435
Trade creditors - 390
Accrued expenses 2,050 1,850
361,458 7,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 8) 3,972 8,911
Other loan 1,595,160 1,737,324
1,599,132 1,746,235

Other loans relate to third party creditors. These loans are interest free and payable on demand.

8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 359,408 5,435

Amounts falling due between one and two years:
Bank loans 3,972 5,432

Amounts falling due between two and five years:
Bank loans - 2-5 years - 3,479

MURPHY MCKENNA LTD (REGISTERED NUMBER: 12382398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank Loans 363,380 -

Within bank loans interest at a fixed rate of 2.5%.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 -
200 100

100 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.