Murder Weekends Limited - Period Ending 2020-07-31

Murder Weekends Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

Murder Weekends Limited

Company Information

Director

Miss J A Swift MBE

Registered office

21 College Road North Blundellsands Liverpool Merseyside L23 8UR

Accountants

Abrams Ashton Ltd Chartered Accountants 7 Waterside Court St. Helens Merseyside WA9 1UA

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Murder Weekends Limited
for the Year Ended 31 July 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Murder Weekends Limited for the year ended 31 July 2020 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Murder Weekends Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Murder Weekends Limited and state those matters that we have agreed to state to the Board of Directors of Murder Weekends Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Murder Weekends Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Murder Weekends Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Murder Weekends Limited. You consider that Murder Weekends Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Murder Weekends Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

20 July 2021

Murder Weekends Limited

(Registration number: 01746638)
Balance Sheet as at 31 July 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	5	1,103	1,427
Current assets
Stocks	6	285	540
Debtors	7	61,782	42,294
Cash at bank and in hand		3,409	3,163
		65,476	45,997
Creditors: Amounts falling due within one year	8	(20,629)	(32,543)
Net current assets		44,847	13,454
Total assets less current liabilities		45,950	14,881
Creditors: Amounts falling due after more than one year	8	(49,747)	(7,382)
Provisions for liabilities		(209)	(271)
Net (liabilities)/assets		(4,006)	7,228
Capital and reserves
Called up share capital		100	100
Profit and loss account		(4,106)	7,128
Shareholders' (deficit)/funds		(4,006)	7,228

For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Murder Weekends Limited

(Registration number: 01746638)
Balance Sheet as at 31 July 2020

Approved and authorised by the director on 19 July 2021
 

.........................................

Miss J A Swift MBE
Director

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The principal place of business is:
21 College Road North
Liverpool
Merseyside
L23 8UR
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

The directors consider it appropriate to prepare the financial statements on a going concern basis, in spite of the ongoing impact of the Covid-19 virus on the business. In common with many companies, the Covid-19 virus and economic lockdown has had a detrimental effect on the company's business operations. The director is aware of the issues that the business faces at this time and has taken advantage of some of the national and local government backed support for which the company is eligible.

Whilst there is uncertainty around the length of time the Covid-19 pandemic will last and the full economic impact on the economy, the director believes it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer.

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

Government grants

Government grants are accounted for using the accruals model under FRS102. Government grants, in respect of the Coronavirus Job Retention Scheme, are included in the period to which the grant relates.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

Depreciation is charged so as to write off the cost an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Computer equipment	33% straight line

Trademark

Trademarks are valued at cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademark	20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2019 - 2).

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

4	Intangible assets

	Trademark £	Total £
Cost or valuation
At 1 August 2019	2,070	2,070
At 31 July 2020	2,070	2,070
Amortisation
At 1 August 2019	2,070	2,070
At 31 July 2020	2,070	2,070
Carrying amount
At 31 July 2020	-	-

5	Tangible assets

	Fixtures and fittings £	Computer equipment £	Total £
Cost or valuation
At 1 August 2019	23,347	11,546	34,893
At 31 July 2020	23,347	11,546	34,893
Depreciation
At 1 August 2019	22,229	11,237	33,466
Charge for the year	168	156	324
At 31 July 2020	22,397	11,393	33,790
Carrying amount
At 31 July 2020	950	153	1,103
At 31 July 2019	1,118	309	1,427

6

Stocks

	2020 £	2019 £
Finished goods and goods for resale	285	540

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

7

Debtors

	Note	2020 £	2019 £
Amounts owed by related parties	9	800	-
Other debtors		60,982	42,294
		61,782	42,294

8

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Bank loans and overdrafts		7,535	5,653
Trade creditors		1,651	1,415
Other creditors		8,453	20,820
Corporation tax		2,990	4,655
		20,629	32,543

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings		49,747	7,382

Total creditors include bank loans and overdrafts which are secured of £57,282 (2019 - £13,035).

9	Related party transactions

Transactions with directors

2020	At 1 August 2019 £	Advances to directors £	Repayments by director £	At 31 July 2020 £
Miss J A Swift MBE
Loan	31,670	35,634	(16,950)	50,354

2019	At 1 August 2018 £	Advances to directors £	Repayments by director £	At 31 July 2019 £
Miss J A Swift MBE
Loan	42,483	29,460	(40,273)	31,670

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

The above loans are unsecured, interest free and repayable on demand.

Loans to related parties

2020	Other related parties £	Total £
Advanced	800	800
At end of period	800	800

Terms of loans to related parties

The above loans are unsecured, interest free and repayable on demand.
 

10	Going concern

Although the financial statements show net liabilities of £4,006 (2019 £nil), the director is of the opinion that the financial statements can be prepared on a going concern basis on the grounds that she will provide support to the company, and the company will trade profitably in the future.