Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-05-27truefalseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14136613 2022-05-26 14136613 2022-05-27 2023-05-31 14136613 2021-06-01 2022-05-26 14136613 2023-05-31 14136613 c:Director1 2022-05-27 2023-05-31 14136613 c:Director2 2022-05-27 2023-05-31 14136613 d:PlantMachinery 2022-05-27 2023-05-31 14136613 d:PlantMachinery 2023-05-31 14136613 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-27 2023-05-31 14136613 d:MotorVehicles 2022-05-27 2023-05-31 14136613 d:MotorVehicles 2023-05-31 14136613 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-27 2023-05-31 14136613 d:OfficeEquipment 2022-05-27 2023-05-31 14136613 d:OfficeEquipment 2023-05-31 14136613 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-27 2023-05-31 14136613 d:OwnedOrFreeholdAssets 2022-05-27 2023-05-31 14136613 d:CurrentFinancialInstruments 2023-05-31 14136613 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14136613 d:ShareCapital 2023-05-31 14136613 d:RetainedEarningsAccumulatedLosses 2023-05-31 14136613 c:OrdinaryShareClass1 2022-05-27 2023-05-31 14136613 c:OrdinaryShareClass1 2023-05-31 14136613 c:FRS102 2022-05-27 2023-05-31 14136613 c:AuditExempt-NoAccountantsReport 2022-05-27 2023-05-31 14136613 c:FullAccounts 2022-05-27 2023-05-31 14136613 c:PrivateLimitedCompanyLtd 2022-05-27 2023-05-31 14136613 2 2022-05-27 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14136613









MRV ENGINEERING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2023

 
MRV ENGINEERING LIMITED
REGISTERED NUMBER:14136613

BALANCE SHEET
AS AT 31 MAY 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
5,420

  
5,420

Current assets
  

Debtors: amounts falling due within one year
  
8,409

Cash at bank and in hand
  
167

  
8,576

Creditors: amounts falling due within one year
  
(10,555)

Net current (liabilities)/assets
  
 
 
(1,979)

Total assets less current liabilities
  
3,441

Provisions for liabilities
  

Deferred tax
  
(1,355)

  
 
 
(1,355)

Net assets
  
2,086


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
2,084

  
2,086


Page 1

 
MRV ENGINEERING LIMITED
REGISTERED NUMBER:14136613
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L C Boughey
M R Vaughan
Director
Director
Date: 1 October 2023
Date:1 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MRV ENGINEERING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.


General information

MRV Engineering Limited, 14136613, is a private limited company, limited by shares, incorporated
iin England and Wales, with its registered office and principle of business at 6 Wrenbury Frith, Wrenbury, Nantwich, Cheshire, United Kingdom, CW5 8HN

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MRV ENGINEERING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MRV ENGINEERING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 5

 
MRV ENGINEERING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
727
5,600
900
7,227



At 31 May 2023

727
5,600
900
7,227



Depreciation


Charge for the period on owned assets
182
1,400
225
1,807



At 31 May 2023

182
1,400
225
1,807



Net book value



At 31 May 2023
545
4,200
675
5,420


5.


Debtors

2023
£


Trade debtors
2,601

Other debtors
5,527

Prepayments and accrued income
281

8,409



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
167

167


Page 6

 
MRV ENGINEERING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
4,741

Other taxation and social security
4,179

Accruals and deferred income
1,635

10,555



8.


Share capital

2023
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On 27 May 2022, 2 ordinary £1 shares were issued.


9.


Transactions with directors

Included within other debtors due within on year, is a loan of £5,527, due from the directors. Interest has been charged on this loan at the official rate during the year.

 
Page 7