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REGISTERED NUMBER: 07212001 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MRD Services 2010 Limited

MRD Services 2010 Limited (Registered number: 07212001)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MRD Services 2010 Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: M Rushton





REGISTERED OFFICE: 6 Campian Way
Stoke-on-Trent
Staffordshire
ST6 8FA





REGISTERED NUMBER: 07212001 (England and Wales)

MRD Services 2010 Limited (Registered number: 07212001)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,995 3,268
Investments 6 47,486 48,936
49,481 52,204

CURRENT ASSETS
Debtors 7 6,108 8,096
Cash at bank 41,916 37,785
48,024 45,881
CREDITORS
Amounts falling due within one year 8 18,474 14,540
NET CURRENT ASSETS 29,550 31,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,031

83,545

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 12,486 13,936
Retained earnings 66,445 69,509
SHAREHOLDERS' FUNDS 79,031 83,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MRD Services 2010 Limited (Registered number: 07212001)

Statement of Financial Position - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





M Rushton - Director


MRD Services 2010 Limited (Registered number: 07212001)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

MRD Services 2010 Limited ('The Company') is primarily engaged in the provision of services in the design services industry.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and registered office is 6 Campian Way, Stoke-on-Trent, Staffordshire, ST6 8FA, The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue (described as turnover) is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

MRD Services 2010 Limited (Registered number: 07212001)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Computer equipment- 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MRD Services 2010 Limited (Registered number: 07212001)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 744 466 11,792 13,002
Additions - - 749 749
At 31 March 2023 744 466 12,541 13,751
DEPRECIATION
At 1 April 2022 549 365 8,820 9,734
Charge for year 30 15 1,977 2,022
At 31 March 2023 579 380 10,797 11,756
NET BOOK VALUE
At 31 March 2023 165 86 1,744 1,995
At 31 March 2022 195 101 2,972 3,268

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 48,936
Revaluations (1,450 )
At 31 March 2023 47,486
NET BOOK VALUE
At 31 March 2023 47,486
At 31 March 2022 48,936

MRD Services 2010 Limited (Registered number: 07212001)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2019 740
Valuation in 2020 (1,444 )
Valuation in 2021 9,351
Valuation in 2022 5,289
Valuation in 2023 (1,450 )
Cost 35,000
47,486

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,108 8,096

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 150 143
Taxation and social security 15,701 13,005
Other creditors 2,623 1,392
18,474 14,540

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 13,936
Unrealised surplus on
investments (1,450 )

At 31 March 2023 12,486