REGISTERED NUMBER: SC445032 (Scotland)

MURPHY WEALTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2024 TO 4TH APRIL 2025

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A V Murphy

F Frew

N Law

J C Moran

REGISTERED OFFICE:

8th Floor

149 St Vincent Street,

Glasgow

G2 5NW

REGISTERED NUMBER:

SC445032 (Scotland)

ACCOUNTANTS:

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Murphy Wealth Limited for the period ended 4th April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Murphy Wealth Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Murphy Wealth Limited and state those matters that we have agreed to state to the Board of Directors of Murphy Wealth Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Murphy Wealth 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 loss of Murphy Wealth Limited. You consider that Murphy Wealth Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Murphy Wealth 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.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

9th October 2025

FIXED ASSETS

Intangible assets

4

27,360

25,757

Tangible assets

5

105,009

102,154

132,369

127,911

CURRENT ASSETS

Debtors

6

631,700

1,356,361

Cash at bank

929,997

291,822

1,561,697

1,648,183

CREDITORS

Amounts falling due within one year

7

1,057,972

671,157

NET CURRENT ASSETS

503,725

977,026

TOTAL ASSETS LESS CURRENT LIABILITIES

636,094

1,104,937

CREDITORS

Amounts falling due after more than one year

8

(4,167

)

(116,853

)

PROVISIONS FOR LIABILITIES

(32,436

)

(31,978

)

NET ASSETS

599,491

956,106

CAPITAL AND RESERVES

Called up share capital

11

101

101

Retained earnings

599,390

956,005

SHAREHOLDERS' FUNDS

599,491

956,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 4th April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 4th April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2025 and were signed on its behalf by:

J C Moran - Director

1.	STATUTORY INFORMATION

Murphy Wealth Limited is a private company, limited by shares , registered in Scotland. 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

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.

Turnover

Turnover comprises commission income and fees received and receivable for the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website & Branding are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

All fixed assets are initially recorded at cost.

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

Asset type

Depreciation rate

Short leasehold

10% straight line

Improvements to property

25% reducing balance

Motor vehicles

10% - 25% straight line

Fixtures & Fittings

15% reducing balance

Computer Equipment

33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Website &

Computer

Branding

software

Totals

£

£

£

COST

At 1st April 2024

37,205

12,270

49,475

Additions

5,070

-

5,070

At 4th April 2025

42,275

12,270

54,545

AMORTISATION

At 1st April 2024

11,448

12,270

23,718

Amortisation for period

3,467

-

3,467

At 4th April 2025

14,915

12,270

27,185

NET BOOK VALUE

At 4th April 2025

27,360

-

27,360

At 31st March 2024

25,757

-

25,757

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

£

£

COST

At 1st April 2024

28,332

14,367

21,375

Additions

-

-

7,232

At 4th April 2025

28,332

14,367

28,607

DEPRECIATION

At 1st April 2024

16,999

11,810

13,094

Charge for period

2,833

639

1,972

At 4th April 2025

19,832

12,449

15,066

NET BOOK VALUE

At 4th April 2025

8,500

1,918

13,541

At 31st March 2024

11,333

2,557

8,281

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

105,652

63,814

233,540

Additions

-

20,922

28,154

At 4th April 2025

105,652

84,736

261,694

DEPRECIATION

At 1st April 2024

32,355

57,128

131,386

Charge for period

13,851

6,004

25,299

At 4th April 2025

46,206

63,132

156,685

NET BOOK VALUE

At 4th April 2025

59,446

21,604

105,009

At 31st March 2024

73,297

6,686

102,154

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4.4.25

31.3.24

£

£

Trade debtors

43,132

750

Amounts owed by group undertakings

-

983,026

Other debtors

588,568

372,585

631,700

1,356,361

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4.4.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

50,000

50,000

Hire purchase contracts

62,686

12,793

Trade creditors

142,446

55,663

Amounts owed to group undertakings

77,129

330,622

Taxation and social security

706,537

180,456

Other creditors

19,174

41,623

1,057,972

671,157

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

4.4.25

31.3.24

£

£

Bank loans (see note 9)

4,167

54,167

Hire purchase contracts

-

62,686

4,167

116,853

9.

LOANS

An analysis of the maturity of loans is given below:

4.4.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

50,000

50,000

Other loans

-

23,250

50,000

73,250

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,167

54,167

10.	SECURED DEBTS

The following secured debts are included within creditors:

4.4.25

31.3.24

£

£

Bank loans

54,167

104,167

Other loans

-

23,250

Hire purchase contracts

62,686

75,479

116,853

202,896

The bank overdraft and bank loan are secured by a bond and floating charge over the assets of the company.

Included above in other loans was a loan from the Murphy Wealth Limited Pension Scheme which was secured by a first fixed security over 3,500 ordinary shares in Murphy Group Scotland Limited, the ultimate parent company. This loan was repaid in full in the year.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

4.4.25

31.3.24

value:

£

£

49

Ordinary A

£1

49

49

51

Ordinary B

£1

51

51

1

Ordinary C

£1

1

1

101

101

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £303,291 (2024: £373,219).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 4th April 2025 and the year ended 31st March 2024:

4.4.25

31.3.24

£

£

A V Murphy

Balance outstanding at start of period

162,608

138,420

Amounts advanced

194,272

219,083

Amounts repaid

(185,319

)

(194,895

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

171,561

162,608

Directors loans are interest fee and have no fixed repayment terms. The loan was repaid in full post year end.

14.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Murphy Wealth Group Limited. Murphy Wealth Group Limited is itself a wholly owned subsidiary of Murphy Group Scotland Limited. The director, Adrian Murphy, is the

majority shareholder of Murphy Group Scotland Limited and he is therefore considered to be the ultimate

controlling party.

Murphy Group Scotland Limited is a company registered in Scotland and its company number is SC578017. Its registered office is 8th Floor, Sutherland House, 149 St Vincent Street, Glasgow, G2 5NW