Murray & Willis Limited - Filleted accounts

Registered number

02334545

Murray & Willis Limited

Filleted Accounts

31 December 2025

Murray & Willis Limited
Registered number:		02334545
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		255,846			174,712

Current assets
Stocks		105,593			110,277
Debtors	4	3,594,134			3,394,467
Cash at bank and in hand		1,592,841			981,082
		5,292,568			4,485,826

Creditors: amounts falling due within one year	5	(4,764,296)			(4,032,202)

Net current assets			528,272			453,624

Total assets less current liabilities			784,118			628,336

Creditors: amounts falling due after more than one year	6		(22,615)			(84,824)

Provisions for liabilities			(63,100)			(42,680)


Net assets			698,403			500,832

Capital and reserves
Called up share capital			95			95
Capital redemption reserve			55			55
Profit and loss account			698,253			500,682

Shareholders' funds			698,403			500,832

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



N Clempson
Director
Approved by the board on 27 May 2026 and signed on its behalf

Murray & Willis Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Long term contracts
	Profit on long term contracts is taken as the work is carried out if the outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of work carried out, by recording turnover and related costs of labour and materials as contract activity progresses. Full provision is made for losses on all contracts in the year in which they are first forseen.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Improvements to leasehold property			10% straight line
	Plant and machinery			20 -25%
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					33		31


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	80,375		261,918		313,392		655,685
	Additions	-		21,344		129,914		151,258
	Disposals	-		-		(52,118)		(52,118)
	At 31 December 2025	80,375		283,262		391,188		754,825

	Depreciation
	At 1 January 2025	76,350		249,807		154,816		480,973
	Charge for the year	575		10,164		48,884		59,623
	On disposals	-		-		(41,617)		(41,617)
	At 31 December 2025	76,925		259,971		162,083		498,979

	Net book value
	At 31 December 2025	3,450		23,291		229,105		255,846
	At 31 December 2024	4,025		12,111		158,576		174,712


4	Debtors					2025		2024
£							£

	Trade debtors					2,562,756		2,727,301
	Other debtors					1,031,378		667,166
						3,594,134		3,394,467

	Amounts due after more than one year included above					8,725		8,725


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					53,386		119,001
	Obligations under finance lease and hire purchase contracts					8,823		11,937
	Trade creditors					3,256,748		2,355,916
	Taxation and social security costs					1,154,123		899,659
	Other creditors					291,216		645,689
						4,764,296		4,032,202

	Of the creditors falling due within and after more than one year, the net obligations under finance leases and hire purchase contracts totalling £31,438 (2024 - £43,375) are secured on the assets concerned.

6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		53,386
	Obligations under finance lease and hire purchase contracts					22,615		31,438
						22,615		84,824


7	Pension commitments

	The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently managed fund. At the balance sheet date contributions of £1,857 (2024 - £2,985) were due to the fund.


8	Related party transactions

	Dividends paid to key management personnel and their family during the year were £97,500 (2024 - £175,756). At the year end, Mr N Clempson was owed £15,028 (2024 - £11,126) by the company.


9	Controlling party

	On 25 November 2025, Murray & Willis Holdings Limited acquired the entire share capital of Murray & Willis Limited. This company is incorporated in England and Wales and its registered office is at 68 Nottingham Road, Eastwood, Nottingham NG16 3NQ.


10	Other information

	Murray & Willis Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Plot 5a, Units 4 - 5
	Cannock Wood Industrial Estate
	Rawnsley, Cannock
	Staffordshire
	WS12 0PL