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Company Registration No. 12154547 (England and Wales)
M&R DELIGHTS LIMITED Unaudited accounts for the year ended 31 July 2023
M&R DELIGHTS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,703 
45,979 
Current assets
Inventories
8,590 
6,475 
Debtors
2,267 
1,249 
Cash at bank and in hand
62,818 
40,864 
73,675 
48,588 
Creditors: amounts falling due within one year
(51,576)
(39,050)
Net current assets
22,099 
9,538 
Total assets less current liabilities
59,802 
55,517 
Creditors: amounts falling due after more than one year
(17,382)
(27,887)
Provisions for liabilities
Deferred tax
(1,302)
(1,587)
Net assets
41,118 
26,043 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,018 
25,943 
Shareholders' funds
41,118 
26,043 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Sami Ijaz Rao Director Company Registration No. 12154547
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M&R DELIGHTS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
M&R DELIGHTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12154547. The registered office is 46 SHUTTLEWORTH LANE, BARDFORD, BD8 0JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
Motor vehicles
18% Reducing Balance
Fixtures & fittings
18% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants and fundings are credited to the profit and loss account in the period the related expenditure is recognised.
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M&R DELIGHTS LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
83,391 
At 31 July 2023
83,391 
Depreciation
At 1 August 2022
37,412 
Charge for the year
8,276 
At 31 July 2023
45,688 
Net book value
At 31 July 2023
37,703 
At 31 July 2022
45,979 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,302 
1,587 
2023 
2022 
£ 
£ 
Provision at start of year
1,587 
1,935 
Credited to the profit and loss account
(285)
(348)
Provision at end of year
1,302 
1,587 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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