ACCOUNTS - Final Accounts preparation

Registered number: NI063305

Murphy Surveyors Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2026

Murphy Surveyors Ltd

Registered number: NI063305

Balance sheet

As at 31 March 2026

		As restated
	2026	2025
Note	£	£

Fixed assets
Tangible assets	4		343		450
			343		450
Current assets
Debtors: amounts falling due within one year	5	3,826		3,138
Cash at bank and in hand	6	28,687		44,475
		32,513		47,613
Creditors: amounts falling due within one year	7	(8,728)		(17,276)
Net current assets			23,785		30,337
Total assets less current liabilities			24,128		30,787

Net assets			24,128		30,787

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		24,028	30,687
		24,128	30,787

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Murphy Surveyors Ltd

Registered number: NI063305

Balance sheet (continued)

As at 31 March 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2026.

Eamonn Murphy

Director

The notes on pages 3 to 6 form part of these financial statements.

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Murphy Surveyors Ltd

Notes to the financial statements

For the year ended 31 March 2026

1.	General information

Murphy Surveyors Limited is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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Murphy Surveyors Ltd

Notes to the financial statements

For the year ended 31 March 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

Straight-Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	1	1

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Murphy Surveyors Ltd

Notes to the financial statements

For the year ended 31 March 2026

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 April 2025	4,462
	At 31 March 2026	4,462
	Depreciation
	At 1 April 2025	4,013
	Charge for the year on owned assets	106
	At 31 March 2026	4,119
	Net book value
	At 31 March 2026	343
	At 31 March 2025	450

5.	Debtors: amounts falling due within one year

					2026	2025
					£	£


Trade debtors	2,001	2,001
Prepayments and accrued income	1,825	1,137
	3,826	3,138

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	28,687	44,475
	28,687	44,475

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Murphy Surveyors Ltd

Notes to the financial statements

For the year ended 31 March 2026

7.	Creditors: amounts falling due within one year
		2026	Restated 2025
		£	£

Trade creditors	-	115
Corporation tax	291	1,222
Other taxation and social security	628	869
Other creditors	5,624	13,125
Accruals and deferred income	2,185	1,945
	8,728	17,276

8.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

9.	Prior year adjustment

During the year, the company made an adjustment to the prior year relating to creditors. The effect of this has been to reduce retained earnings at 1 April 2025 by £13,222. Comparative figures have been restated accordingly. The correction has no impact on profit for the current year.

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