REGISTERED NUMBER: 02321024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MURRAY SMITH FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Benson

S A Williams

REGISTERED OFFICE:

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

REGISTERED NUMBER:

02321024 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

52,255

69,674

52,255

69,674

CURRENT ASSETS

Debtors

6

368,003

399,230

Cash at bank

250,276

198,035

618,279

597,265

CREDITORS

Amounts falling due within one year

7

99,086

95,835

NET CURRENT ASSETS

519,193

501,430

TOTAL ASSETS LESS CURRENT LIABILITIES

571,448

571,104

CREDITORS

Amounts falling due after more than one year

8

(18,896

)

(30,595

)

PROVISIONS FOR LIABILITIES

(13,064

)

(17,419

)

NET ASSETS

539,488

523,090

CAPITAL AND RESERVES

Called up share capital

10

400

400

Capital redemption reserve

600

600

Retained earnings

538,488

522,090

SHAREHOLDERS' FUNDS

539,488

523,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2025 and were signed on its behalf by:

M G Benson - Director

1.	STATUTORY INFORMATION

Murray Smith Financial Services Limited 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.

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 represents amounts receivable for services provided during the year, excluding Value Added Tax. Income is recognised at the point where the right to consideration arises and the excess over invoiced amounts is shown within accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

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.

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 year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

180,000

AMORTISATION

At 1 April 2024

and 31 March 2025

180,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

103,824

DEPRECIATION

At 1 April 2024

34,150

Charge for year

17,419

At 31 March 2025

51,569

NET BOOK VALUE

At 31 March 2025

52,255

At 31 March 2024

69,674

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,550

1,400

Other debtors

363,453

397,830

368,003

399,230

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

11,699

21,621

Taxation and social security

63,610

54,733

Other creditors

23,777

19,481

99,086

95,835

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

18,896

30,595

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

30,595

52,216

Hire purchase contracts are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

B Ordinary

£1

200

200

200

D Ordinary

£1

200

200

400

400