Alan Murphy Limited 30/04/2025 iXBRL

Company registration number: NI058806

Alan Murphy Limited

Unaudited filleted financial statements

30 April 2025

Alan Murphy Limited

Contents

Directors and other information

Accountants report

Balance sheet

Notes to the financial statements

Alan Murphy Limited

Directors and other information


	Directors	Mr Alan Murphy
		Mrs Caroline Murphy
		Mr George Murphy


	Secretary	Caroline Murphy


	Company number	NI058806


	Registered office	100 Coast Road
		Cushendall
		Ballymena
		Co Antrim
		BT44 0QW


	Business address	100 Coast Road
		Cushendall
		Ballymena
		Co Antrim
		BT44 OQW


	Accountants	Potter Finnegan Limited
		27-28 The Courtyard Business Park
		190 Galgorm Road
		Ballymena
		Co Antrim
		BT42 1HL




	Bankers	Dankse Bank
		1-2 Broadway Avenue
		Ballymena
		Co Antrim
		BT43 7PE

Alan Murphy Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Alan Murphy Limited

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alan Murphy Limited for the year ended 30 April 2025 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of Alan Murphy Limited, as a body, in accordance with the terms of our engagement letter dated 19 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Alan Murphy Limited and state those matters that we have agreed to state to the board of directors of Alan Murphy Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alan Murphy Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Alan Murphy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alan Murphy Limited. You consider that Alan Murphy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alan Murphy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Potter Finnegan Limited

Chartered Accountants

27-28 The Courtyard Business Park

190 Galgorm Road

Ballymena

Co Antrim

BT42 1HL

29 August 2025

Alan Murphy Limited

Balance sheet

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	21,439		28,019
		_______		_______
			21,439		28,019

Current assets
Stocks		25,090		24,277
Debtors	7	468,406		502,261
Cash at bank and in hand		526,974		350,103
		_______		_______
		1,020,470		876,641
Creditors: amounts falling due
within one year	8	( 81,870)		( 40,970)
		_______		_______
Net current assets			938,600		835,671
			_______		_______
Total assets less current liabilities			960,039		863,690


Provisions for liabilities	9		( 5,110)		( 5,324)

			_______		_______
Net assets			954,929		858,366
			_______		_______

Capital and reserves
Called up share capital	11		100		100
Profit and loss account			954,829		858,266
			_______		_______
Shareholders funds			954,929		858,366
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mr Alan Murphy

Director

Company registration number: NI058806

Alan Murphy Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 100 Coast Road, Cushendall, Ballymena, Co Antrim, BT44 0QW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	90,000	90,000
	_______	_______
Amortisation
At 1 May 2024 and 30 April 2025	90,000	90,000
	_______	_______
Carrying amount
At 30 April 2025	-	-
	_______	_______
At 30 April 2024	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024	58,425	140,388	198,813
Additions	267	-	267
	_______	_______	_______
At 30 April 2025	58,692	140,388	199,080
	_______	_______	_______
Depreciation
At 1 May 2024	54,030	116,764	170,794
Charge for the year	940	5,907	6,847
	_______	_______	_______
At 30 April 2025	54,970	122,671	177,641
	_______	_______	_______
Carrying amount
At 30 April 2025	3,722	17,717	21,439
	_______	_______	_______
At 30 April 2024	4,395	23,624	28,019
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	427,521	443,477
Other debtors	40,885	58,784
	_______	_______
	468,406	502,261
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	25,814	4,287
Corporation tax	32,009	15,829
Other creditors	24,047	20,854
	_______	_______
	81,870	40,970
	_______	_______

9. Provisions

	Deferred tax (note 10)	Total
	£	£
At 1 May 2024	5,324	5,324
Charges against provisions	( 214)	( 214)
	_______	_______
At 30 April 2025	5,110	5,110
	_______	_______

10. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	5,110	5,324
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	5,110	5,324
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1 each	100	100	100	100
	_______	_______	_______	_______

12. Controlling party

The company is controlled by the directors.