Registration number:
MRMS Solutions Ltd
for the Period from 1 January 2023 to 31 July 2023
MRMS Solutions Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
MRMS Solutions Ltd
Company Information
Directors |
Mr M L Popham Mr M J Popham Mr T Persson |
Registered office |
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Accountants |
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MRMS Solutions Ltd
Directors' Report for the Period from 1 January 2023 to 31 July 2023
The directors present their report and the financial statements for the period from 1 January 2023 to 31 July 2023.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is the provision of software and operational services in the utilties, infrastructure and construction markets.
Small companies provision statement
This report has 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
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MRMS Solutions Ltd
for the Period Ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MRMS Solutions Ltd for the period ended 31 July 2023 as set out on pages 4 to 11 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 MRMS Solutions Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of MRMS Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of MRMS Solutions Ltd, 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 MRMS Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MRMS Solutions Ltd 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 MRMS Solutions Ltd. You consider that MRMS Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of MRMS Solutions Ltd. 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.
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Chartered Accountants
Colne
Lancashire
BB8 9DG
MRMS Solutions Ltd
Profit and Loss Account for the Period from 1 January 2023 to 31 July 2023
Note |
2023 |
2022 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
1,320,814 |
26,930 |
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Other interest receivable and similar income |
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- |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial period |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
MRMS Solutions Ltd
Statement of Comprehensive Income for the Period from 1 January 2023 to 31 July 2023
2023 |
2022 |
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Profit for the period |
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Total comprehensive income for the period |
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MRMS Solutions Ltd
(Registration number: 12373623)
Balance Sheet as at 31 July 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
375 |
300 |
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Retained earnings |
916,925 |
34,079 |
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Shareholders' funds |
917,300 |
34,379 |
For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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
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MRMS Solutions Ltd
Statement of Changes in Equity for the Period from 1 January 2023 to 31 July 2023
Share capital |
Retained earnings |
Total |
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At 1 January 2023 |
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Profit for the period |
- |
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Dividends |
- |
( |
( |
New share capital subscribed |
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- |
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At 31 July 2023 |
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Share capital |
Retained earnings |
Total |
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At 1 January 2022 |
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Profit for the period |
- |
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Dividends |
- |
( |
( |
At 31 December 2022 |
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MRMS Solutions Ltd
Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor Vehicles |
25% Reducing balance |
Plant and machinery |
15% Reducing balance |
Office equipment |
20% Straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
MRMS Solutions Ltd
Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the period was
MRMS Solutions Ltd
Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023
Profit before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
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Depreciation expense |
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- |
Taxation |
Tax charged/(credited) in the income statement
2023 |
2022 |
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Current taxation |
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UK corporation tax |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
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- |
Tax expense in the income statement |
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Deferred tax
Deferred tax assets and liabilities
2023 |
Liability |
Accelerated tax depreciation |
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MRMS Solutions Ltd
Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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Additions |
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Disposals |
- |
( |
( |
At 31 July 2023 |
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Depreciation |
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Charge for the period |
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At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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Debtors |
2023 |
2022 |
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Trade debtors |
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Prepayments |
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Accrued income |
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- |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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