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Registration number: 03033142

John Murphy and Company Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2025

 

John Murphy and Company Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

John Murphy and Company Limited

Company Information

Directors

Mrs A Halstead

Mr P Holdship

Registered office

Dairy House
Moneyrow Green
Holyport
Maidenhead
Berkshire
SL6 2ND

Accountants

Fern & Co Accountants Ltd
Chartered Certified AccountantsDairy House
Moneyrow Green
Holyport
Maidenhead
Berkshire
SL6 2ND

 

John Murphy and Company Limited

(Registration number: 03033142)
Abridged Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

126,260

137,253

Current assets

 

Debtors

199,795

207,798

Cash at bank and in hand

 

393,685

378,698

 

593,480

586,496

Prepayments and accrued income

 

77,120

35,340

Creditors: Amounts falling due within one year

(236,818)

(182,416)

Net current assets

 

433,782

439,420

Total assets less current liabilities

 

560,042

576,673

Provisions for liabilities

(25,810)

-

Accruals and deferred income

 

(5,002)

(204,413)

Net assets

 

529,230

372,260

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

529,130

372,160

Shareholders' funds

 

529,230

372,260

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2025 and signed on its behalf by:
 

 

John Murphy and Company Limited

(Registration number: 03033142)
Abridged Balance Sheet as at 30 April 2025

.........................................
Mrs A Halstead
Director

.........................................
Mr P Holdship
Director

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dairy House
Moneyrow Green
Holyport
Maidenhead
Berkshire
SL6 2ND
England

These financial statements were authorised for issue by the Board on 15 July 2025.

2

Accounting policies

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.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Furniture and fixtures

25% Reducing balance

Motor vehicles

25% Reducing balance

Office equipment

25% Reducing balance

Plant and machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 12).

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2024

7,937

187,744

-

195,681

Additions

876

20,389

15,800

37,065

Disposals

-

(28,980)

-

(28,980)

At 30 April 2025

8,813

179,153

15,800

203,766

Depreciation

At 1 May 2024

4,635

53,793

-

58,428

Charge for the year

862

34,363

3,502

38,727

Eliminated on disposal

-

(19,649)

-

(19,649)

At 30 April 2025

5,497

68,507

3,502

77,506

Carrying amount

At 30 April 2025

3,316

110,646

12,298

126,260

At 30 April 2024

3,302

133,951

-

137,253

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £1 each

51

51

51

51

Ordinary B of £1 each

25

25

25

25

Ordinary C of £1 each

24

24

24

24

100

100

100

100

6

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of 686.27 (2024 - 772.26) per each Ordinary A

35,000

39,406

Interim dividend of 400.00 (2024 - 600.00) per each Ordinary B

10,000

15,000

45,000

54,406

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

7

Related party transactions

 

John Murphy and Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

86,200

83,876

Contributions paid to money purchase schemes

2,586

2,642

88,786

86,518