MRMS Solutions Ltd 12373623 false 2023-01-01 2023-07-31 2023-07-31 The principal activity of the company is the provision of software and operational services in the utilties, infrastructure and construction markets. Digita Accounts Production Advanced 6.30.9574.0 true 12373623 2023-01-01 2023-07-31 12373623 2023-07-31 12373623 bus:Director4 2023-07-31 12373623 core:AcceleratedTaxDepreciationDeferredTax 2023-07-31 12373623 core:RetainedEarningsAccumulatedLosses 2023-07-31 12373623 core:ShareCapital 2023-07-31 12373623 core:CurrentFinancialInstruments 2023-07-31 12373623 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12373623 core:FurnitureFittingsToolsEquipment 2023-07-31 12373623 core:MotorVehicles 2023-07-31 12373623 bus:SmallEntities 2023-01-01 2023-07-31 12373623 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-07-31 12373623 bus:FullAccounts 2023-01-01 2023-07-31 12373623 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-07-31 12373623 bus:RegisteredOffice 2023-01-01 2023-07-31 12373623 bus:Director1 2023-01-01 2023-07-31 12373623 bus:Director2 2023-01-01 2023-07-31 12373623 bus:Director4 2023-01-01 2023-07-31 12373623 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-07-31 12373623 bus:Agent1 2023-01-01 2023-07-31 12373623 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-07-31 12373623 core:ShareCapital 2023-01-01 2023-07-31 12373623 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-07-31 12373623 core:MotorVehicles 2023-01-01 2023-07-31 12373623 core:OfficeEquipment 2023-01-01 2023-07-31 12373623 core:PlantMachinery 2023-01-01 2023-07-31 12373623 core:UKTax 2023-01-01 2023-07-31 12373623 countries:EnglandWales 2023-01-01 2023-07-31 12373623 2022-12-31 12373623 core:RetainedEarningsAccumulatedLosses 2022-12-31 12373623 core:ShareCapital 2022-12-31 12373623 2022-01-01 2022-12-31 12373623 2022-12-31 12373623 core:RetainedEarningsAccumulatedLosses 2022-12-31 12373623 core:ShareCapital 2022-12-31 12373623 core:CurrentFinancialInstruments 2022-12-31 12373623 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12373623 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12373623 core:ShareCapital 2022-01-01 2022-12-31 12373623 core:UKTax 2022-01-01 2022-12-31 12373623 2021-12-31 12373623 core:RetainedEarningsAccumulatedLosses 2021-12-31 12373623 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 12373623

MRMS Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2023 to 31 July 2023

 

MRMS Solutions Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

 

MRMS Solutions Ltd

Company Information

Directors

Mr M L Popham

Mr M J Popham

Mr T Persson

Registered office

1 Bond Street
Colne
Lancashire
BB8 9DG

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

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:

Mr M L Popham

Mr M J Popham

Mr T Persson (appointed 3 July 2023)

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 Board on 4 April 2024 and signed on its behalf by:
 

.........................................
Mr M L Popham
Director

.........................................
Mr M J Popham
Director

 

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.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

4 April 2024

 

MRMS Solutions Ltd

Profit and Loss Account for the Period from 1 January 2023 to 31 July 2023

Note

2023
£

2022
£

Turnover

 

3,195,673

243,379

Cost of sales

 

(1,794,759)

(167,592)

Gross profit

 

1,400,914

75,787

Administrative expenses

 

(80,100)

(48,857)

Operating profit

 

1,320,814

26,930

Other interest receivable and similar income

 

75

-

Profit before tax

4

1,320,889

26,930

Tax on profit

 

(301,043)

(5,259)

Profit for the financial period

 

1,019,846

21,671

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
£

Profit for the period

1,019,846

21,671

Total comprehensive income for the period

1,019,846

21,671

 

MRMS Solutions Ltd

(Registration number: 12373623)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

6

171,090

-

Current assets

 

Debtors

7

2,472,651

97,235

Cash at bank and in hand

 

583,747

69,081

 

3,056,398

166,316

Creditors: Amounts falling due within one year

8

(2,267,415)

(131,937)

Net current assets

 

788,983

34,379

Total assets less current liabilities

 

960,073

34,379

Provisions for liabilities

(42,773)

-

Net assets

 

917,300

34,379

Capital and reserves

 

Called up share capital

375

300

Retained earnings

916,925

34,079

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 4 April 2024 and signed on its behalf by:
 

.........................................
Mr M L Popham
Director

.........................................
Mr M J Popham
Director

 

MRMS Solutions Ltd

Statement of Changes in Equity for the Period from 1 January 2023 to 31 July 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

300

34,079

34,379

Profit for the period

-

1,019,846

1,019,846

Dividends

-

(137,000)

(137,000)

New share capital subscribed

75

-

75

At 31 July 2023

375

916,925

917,300

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

300

27,408

27,708

Profit for the period

-

21,671

21,671

Dividends

-

(15,000)

(15,000)

At 31 December 2022

300

34,079

34,379

 

MRMS Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

These financial statements were authorised for issue by the Board on 4 April 2024.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2022 - 2).

 

MRMS Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

900

-

5

Taxation

Tax charged/(credited) in the income statement

2023
£

2022
£

Current taxation

UK corporation tax

258,270

5,259

Deferred taxation

Arising from origination and reversal of timing differences

42,773

-

Tax expense in the income statement

301,043

5,259

Deferred tax

Deferred tax assets and liabilities

2023

Liability
£

Accelerated tax depreciation

42,773

   
 

MRMS Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 July 2023

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

21,218

181,438

202,656

Disposals

-

(30,666)

(30,666)

At 31 July 2023

21,218

150,772

171,990

Depreciation

Charge for the period

280

620

900

At 31 July 2023

280

620

900

Carrying amount

At 31 July 2023

20,938

150,152

171,090

7

Debtors

2023
£

2022
£

Trade debtors

1,456,912

94,496

Prepayments

8,089

2,739

Accrued income

1,007,650

-

2,472,651

97,235

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,735,212

75,126

Taxation and social security

333,073

36,614

Accruals and deferred income

3,635

685

Other creditors

195,495

19,512

2,267,415

131,937