Company registration number 09985793 (England and Wales)
MURCOTTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
MURCOTTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
MURCOTTS LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,735
36,543
Investments
4
130,834
35,768
153,569
72,311
Current assets
Stocks
216,945
221,101
Debtors
6
5,934
80,444
Cash at bank and in hand
1,080,972
1,087,113
1,303,851
1,388,658
Creditors: amounts falling due within one year
7
(18,574)
(17,996)
Net current assets
1,285,277
1,370,662
Net assets
1,438,846
1,442,973
Capital and reserves
Called up share capital
8
7
7
Profit and loss reserves
1,438,839
1,442,966
Total equity
1,438,846
1,442,973

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 29 July 2026 and are signed on its behalf by:
R Murcott
Director
Company registration number 09985793 (England and Wales)
MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Murcotts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 11 St Margarets, Sutton Coldfield, Birmingham, West Midlands, B74 4HU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention modified to include the revaluation certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -

Other fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in the profit or loss. If fair value cannot be reliably ascertained investments are stated at cost less impairment.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials, Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditor with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
55,874
Depreciation and impairment
At 1 April 2025
19,331
Depreciation charged in the year
13,808
At 31 March 2026
33,139
Carrying amount
At 31 March 2026
22,735
At 31 March 2025
36,543
MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
95,134
68
Other investments other than loans
35,700
35,700
130,834
35,768
Fixed asset investments revalued

Included within Investments other than loans is an investment which has been revalued by the director at market value of £15,700. If included at cost, this investment would be £13,700.

Fixed asset investments not carried at market value

Included within Investments other than loans are investments of £20,000 which are not publicly traded and are therefore stated at cost less impairment as fair value cannot be ascertained reliably.

Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2025
68
35,700
35,768
Additions
95,066
-
95,066
At 31 March 2026
95,134
35,700
130,834
Carrying amount
At 31 March 2026
95,134
35,700
130,834
At 31 March 2025
68
35,700
35,768
5
Financial instruments
2026
2025
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
15,700
15,700
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
5,400
-
0
Corporation tax recoverable
83
83
Amounts owed by undertakings in which the company has a participating interest
-
0
80,361
Prepayments and accrued income
451
-
0
5,934
80,444
MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
654
252
Taxation and social security
1,726
16
Other creditors
13,545
13,545
Accruals and deferred income
2,649
4,183
18,574
17,996
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of 1p each
100
100
1.00
1.00
B Ordinary shares of 1p each
100
100
1.00
1.00
D Ordinary shares of 1p each
250
250
2.50
2.50
C1 Ordinary shares of 1p each
125
125
1.25
1.25
C2 Ordinary shares of 1p each
65
65
0.65
0.65
C3 Ordinary shares of 1p each
60
60
0.60
0.60
700
700
7.00
7.00
MURCOTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Loans written off
2026
2025
£
£
Entities over which the entity has control, joint control or significant influence
-
46,548

During the year, interest of £14,705 was charged on a loan to an entity over which the company had control, joint control or significant influence. The balance of the loan totalling £95,066 was subsequently settled by the issue of ordinary shares in the company under a debt-for-equity conversion arrangement.

2026
2025
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
2,335
2,335
Key management personnel
11,210
11,210

The balances noted above are interest free and repayable on demand.

The following amounts were outstanding at the reporting end date:

2026
2025
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
0
80,360

The balances noted above are interest free and repayable on demand.

2026-03-31 2025-04-01 false false false 29 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R Murcott S Murcott true 09985793 2025-04-01 2026-03-31 09985793 2026-03-31 09985793 2025-03-31 09985793 core:OtherPropertyPlantEquipment 2026-03-31 09985793 core:OtherPropertyPlantEquipment 2025-03-31 09985793 core:WithinOneYear 2026-03-31 09985793 core:WithinOneYear 2025-03-31 09985793 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 09985793 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09985793 core:ShareCapital 2026-03-31 09985793 core:ShareCapital 2025-03-31 09985793 core:RetainedEarningsAccumulatedLosses 2026-03-31 09985793 core:RetainedEarningsAccumulatedLosses 2025-03-31 09985793 core:ShareCapitalOrdinaryShares 2026-03-31 09985793 core:ShareCapitalOrdinaryShares 2025-03-31 09985793 bus:Director1 2025-04-01 2026-03-31 09985793 core:ComputerEquipment 2025-04-01 2026-03-31 09985793 core:MotorVehicles 2025-04-01 2026-03-31 09985793 2024-04-01 2025-03-31 09985793 core:OtherPropertyPlantEquipment 2025-03-31 09985793 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 09985793 core:Non-currentFinancialInstruments 2026-03-31 09985793 core:Non-currentFinancialInstruments 2025-03-31 09985793 core:CurrentFinancialInstruments 2026-03-31 09985793 core:CurrentFinancialInstruments 2025-03-31 09985793 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 09985793 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 09985793 bus:OrdinaryShareClass4 2025-04-01 2026-03-31 09985793 bus:OrdinaryShareClass5 2025-04-01 2026-03-31 09985793 bus:OtherShareClass1 2025-04-01 2026-03-31 09985793 bus:OtherShareClass2 2025-04-01 2026-03-31 09985793 bus:OrdinaryShareClass1 2026-03-31 09985793 bus:OrdinaryShareClass2 2026-03-31 09985793 bus:OrdinaryShareClass4 2026-03-31 09985793 bus:OrdinaryShareClass5 2026-03-31 09985793 bus:OtherShareClass1 2026-03-31 09985793 bus:OtherShareClass1 2025-03-31 09985793 bus:OtherShareClass2 2026-03-31 09985793 bus:OtherShareClass2 2025-03-31 09985793 bus:AllOrdinaryShares 2026-03-31 09985793 bus:AllOrdinaryShares 2025-03-31 09985793 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09985793 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 09985793 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 09985793 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 09985793 bus:OtherShareClass1 2024-04-01 2025-03-31 09985793 bus:OtherShareClass2 2024-04-01 2025-03-31 09985793 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-04-01 2026-03-31 09985793 core:KeyManagementPersonnel 2025-04-01 2026-03-31 09985793 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2026-03-31 09985793 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-03-31 09985793 core:KeyManagementPersonnel 2026-03-31 09985793 core:KeyManagementPersonnel 2025-03-31 09985793 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09985793 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09985793 bus:FRS102 2025-04-01 2026-03-31 09985793 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 09985793 bus:Director2 2025-04-01 2026-03-31 09985793 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP