Bhatt Murphy Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09033637 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BHATT MURPHY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Scott

C E Gallwey

S Dutta

M J Phillips

M A Oswald

J E Ryan

REGISTERED OFFICE:

10 Tyssen Street

London

E8 2FE

REGISTERED NUMBER:

09033637 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

2,075,000

Tangible assets

5

87,961

112,680

2,162,961

2,187,680

CURRENT ASSETS

Stocks

6

1,600,902

1,393,967

Debtors

7

445,755

323,079

Cash at bank and in hand

1,120,204

1,062,183

3,166,861

2,779,229

CREDITORS

Amounts falling due within one year

8

802,381

715,752

NET CURRENT ASSETS

2,364,480

2,063,477

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,527,441

4,251,157

CREDITORS

Amounts falling due after more than one
year

9

151,667

323,822

NET ASSETS

4,375,774

3,927,335

CAPITAL AND RESERVES

Called up share capital

11

900,000

Retained earnings

12

3,475,774

3,027,335

SHAREHOLDERS' FUNDS

4,375,774

3,927,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 5 June 2026 and were signed on its behalf by:

M P Scott - Director

1.	STATUTORY INFORMATION

Bhatt Murphy 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.

Management have complied with the applicable accounting standards above other than departing from a particular requirement of the standards to the extent necessary to give a true and fair view. Management has concluded that with this departure, the financial statements give a true and fair view of the entity's financial position and financial performance.

Specifically, in the current period, management have not amortised the Goodwill recognised on incorporation of the business. Instead they have conducted an impairment review. This has resulted in no amortisation or impairments in respect of Goodwill in the current period.

The above accounting standards dictate that Goodwill must be amortised over a maximum useful life of 10 years. However, the currently stated remaining value of the original Goodwill is deemed to still exist and management believe that further amortisation would misrepresent the value of the business.

In place of amortisation, an annual impairment review will be undertaken.

Turnover

Turnover is recognised on the basis of time spent by employees on client projects. The company's revenue is generated from the provision of legal services, which are billed at hourly rates. Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill is subject to an annual impairment review.

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.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

Work in progress

Work in progress represents the value of legal services rendered but not yet billed. The work in progress is measured at the lower of cost and net realisable value.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

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.

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 year was 54 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

4,000,000

AMORTISATION

At 1 October 2024

and 30 September 2025

1,925,000

NET BOOK VALUE

At 30 September 2025

2,075,000

At 30 September 2024

2,075,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

212,770

274,048

486,818

Additions

-

18,786

At 30 September 2025

212,770

292,834

505,604

DEPRECIATION

At 1 October 2024

170,216

203,922

374,138

Charge for year

21,277

22,228

43,505

At 30 September 2025

191,493

226,150

417,643

NET BOOK VALUE

At 30 September 2025

21,277

66,684

87,961

At 30 September 2024

42,554

70,126

112,680

6.

STOCKS

30.9.25

30.9.24

£

Work-in-progress

1,600,902

1,393,967

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

387,146

277,446

Other debtors

58,609

45,633

445,755

323,079

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Bank loans and overdrafts

340,215

225,351

Trade creditors

31,390

27,084

Taxation and social security

415,122

433,154

Other creditors & accruals

15,654

30,163

802,381

715,752

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Other creditors

151,667

323,822

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank loans

116,667

216,667

The bank loans were secured by fixed and floating charges with negative pledge over all the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

900,000

Ordinary

£1

900,000

12.

RESERVES

Retained

earnings

£

At 1 October 2024

3,027,335

Profit for the year

567,373

Dividends

(118,934

)

At 30 September 2025

3,475,774

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans from directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

M P Scott

Balance outstanding at start of year

(342

)

(342

)

Amounts advanced

26,389

21,700

Amounts repaid

(26,047

)

(21,700

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(342

)

P A Murphy

Balance outstanding at start of year

-

(490

)

Amounts repaid

-

490

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

J E Ryan

Balance outstanding at start of year

-

Amounts advanced

12,051

6,856

Amounts repaid

(12,051

)

(6,856

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

C E Gallwey

Balance outstanding at start of year

-

Amounts advanced

2,834

29,836

Amounts repaid

(2,834

)

(29,836

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

S Dutta

Balance outstanding at start of year

-

Amounts advanced

32,268

34,303

Amounts repaid

(32,268

)

(34,303

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M J Phillips

Balance outstanding at start of year

-

Amounts advanced

17,059

25,622

Amounts repaid

(17,059

)

(25,622

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M A Oswald

Balance outstanding at start of year

-

Amounts advanced

26,175

17,785

Amounts repaid

(26,175

)

(17,785

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-