A & Y Murphy Limited |
|
Report to the directors on the preparation of the unaudited abbreviated accounts of A & Y Murphy Limited for the year ended 30 April 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A & Y Murphy Limited for the year ended 30 April 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
Garry White and Company |
Chartered Certified Accountants |
24 James Street |
Ebbw Vale |
Gwent |
NP23 6JG |
|
17 July 2015 |
|
A & Y Murphy Limited
|
Registered number: |
06265054
|
Abbreviated Balance Sheet |
as at 30 April 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
57,688 |
|
|
58,713 |
|
Current assets |
Debtors |
|
|
200 |
|
|
281 |
Cash at bank and in hand |
|
|
74,054 |
|
|
83,986 |
|
|
|
74,254 |
|
|
84,267 |
|
Creditors: amounts falling due within one year |
|
|
(955) |
|
|
(1,170) |
|
Net current assets |
|
|
|
73,299 |
|
|
83,097 |
|
Total assets less current liabilities |
|
|
|
130,987 |
|
|
141,810 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(166,036) |
|
|
(179,109) |
|
|
|
Net liabilities |
|
|
|
(35,049) |
|
|
(37,299) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(35,149) |
|
|
(37,399) |
|
Shareholders' funds |
|
|
|
(35,049) |
|
|
(37,299) |
|
|
|
|
|
|
|
|
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr A Murphy |
Director |
Approved by the board on 15 July 2015
|
|
A & Y Murphy Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents rents received during the year as well as income from machinery operative excluding value added tax
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
15% straight line
|
|
Motor vehicles |
15% straight line
|
|
|
Work in progress |
|
Work in progress is valued on the basis of direct costs plus attributable overheads based on |
|
normal level of activity. Provision is made for any foreseeable losses where appropriate. No |
|
element of profit is included in the valuation of work in progress |
|
|
Going Concern |
|
At the year end the company had overdrawn profit and loss reserves of £35149 (2014 £37399) |
|
The directors have loan accounts which are in credit and these will not be repaid until there is |
|
sufficient cash flow within the business to do so |
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
62,327 |
|
At 30 April 2015 |
62,327 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
3,614 |
|
Charge for the year |
1,025 |
|
At 30 April 2015 |
4,639 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
57,688 |
|
At 30 April 2014 |
58,713 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|