Murder Weekends Limited - Period Ending 2022-07-31

Murder Weekends Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 8

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 2022

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 2022 as set out on pages 3 to 8 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 profit 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

12 May 2023

Murder Weekends Limited

(Registration number: 01746638)
Balance Sheet as at 31 July 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	5	1,143	1,101
Current assets
Stocks		340	260
Debtors	6	31,192	40,191
Cash at bank and in hand		575	70
		32,107	40,521
Creditors: Amounts falling due within one year	7	(25,340)	(30,284)
Net current assets		6,767	10,237
Total assets less current liabilities		7,910	11,338
Creditors: Amounts falling due after more than one year	7	(35,998)	(42,750)
Provisions for liabilities		(217)	(209)
Net liabilities		(28,305)	(31,621)
Capital and reserves
Called up share capital		100	100
Retained earnings		(28,405)	(31,721)
Shareholders' deficit		(28,305)	(31,621)

For the financial year ending 31 July 2022 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.

Approved and authorised by the director on 12 May 2023
 

......................................... Miss J A Swift MBE Director

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 2022

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 (2021 - 2).

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

4	Intangible assets

	Trademark £	Total £
Cost or valuation
At 1 August 2021	2,070	2,070
At 31 July 2022	2,070	2,070
Amortisation
At 1 August 2021	2,070	2,070
At 31 July 2022	2,070	2,070
Carrying amount
At 31 July 2022	-	-

5	Tangible assets

	Fixtures and fittings £	Computer equipment £	Total £
Cost or valuation
At 1 August 2021	23,693	11,546	35,239
Additions	-	312	312
At 31 July 2022	23,693	11,858	35,551
Depreciation
At 1 August 2021	22,592	11,546	34,138
Charge for the year	166	104	270
At 31 July 2022	22,758	11,650	34,408
Carrying amount
At 31 July 2022	935	208	1,143
At 31 July 2021	1,101	-	1,101

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

6

Debtors

	Note	2022 £	2021 £
Trade debtors		6,726	9,876
Amounts owed by related parties	8	1,883	1,793
Other debtors		22,583	28,522
		31,192	40,191

7

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Bank loans and overdrafts		9,000	20,171
Trade creditors		2,020	1,849
Other creditors		13,220	8,264
Corporation tax		1,100	-
		25,340	30,284

Creditors: amounts falling due after more than one year

	Note	2022 £	2021 £
Due after one year
Loans and borrowings		35,998	42,750

Total creditors include bank loans and overdrafts which are secured of £44,998 (2021: £62,921).

8	Related party transactions

Transactions with the director

2022	At 1 August 2021 £	Advances to director £	Repayments by director £	At 31 July 2022 £
Miss J A Swift MBE
Loan	12,733	18,432	(11,772)	19,393

Murder Weekends Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

2021	At 1 August 2020 £	Advances to director £	Repayments by director £	At 31 July 2021 £
Miss J A Swift MBE
Loan	50,354	24,361	(61,982)	12,733

Loans to related parties

2022	Other related parties £	Total £
At start of period	1,793	1,793
Advanced	90	90
At end of period	1,883	1,883

2021	Other related parties £	Total £
At start of period	800	800
Advanced	4,739	4,739
Repaid	(3,746)	(3,746)
At end of period	1,793	1,793

Terms of loans to related parties

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

9	Going concern

Although the financial statements show net liabilities of £28,305 (2021 £31,621), 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.