IRIS Accounts Production v24.1.4.33 07261268 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072612682022-10-31072612682023-10-31072612682022-11-012023-10-31072612682021-10-31072612682021-11-012022-10-31072612682022-10-3107261268ns15:EnglandWales2022-11-012023-10-3107261268ns14:PoundSterling2022-11-012023-10-3107261268ns10:Director12022-11-012023-10-3107261268ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107261268ns10:SmallEntities2022-11-012023-10-3107261268ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3107261268ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107261268ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107261268ns10:FullAccounts2022-11-012023-10-3107261268ns10:OrdinaryShareClass12022-11-012023-10-3107261268ns10:Director22022-11-012023-10-3107261268ns10:RegisteredOffice2022-11-012023-10-3107261268ns5:CurrentFinancialInstruments2023-10-3107261268ns5:CurrentFinancialInstruments2022-10-3107261268ns5:Non-currentFinancialInstruments2023-10-3107261268ns5:Non-currentFinancialInstruments2022-10-3107261268ns5:ShareCapital2023-10-3107261268ns5:ShareCapital2022-10-3107261268ns5:RevaluationReserve2023-10-3107261268ns5:RevaluationReserve2022-10-3107261268ns5:RetainedEarningsAccumulatedLosses2023-10-3107261268ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-3107261268ns5:LeaseholdImprovements2022-11-012023-10-3107261268ns5:PlantMachinery2022-11-012023-10-3107261268ns5:FurnitureFittings2022-11-012023-10-3107261268ns5:ComputerEquipment2022-11-012023-10-3107261268ns5:LandBuildings2022-10-3107261268ns5:PlantMachinery2022-10-3107261268ns5:LandBuildings2022-11-012023-10-3107261268ns5:LandBuildings2023-10-3107261268ns5:PlantMachinery2023-10-3107261268ns5:LandBuildings2022-10-3107261268ns5:PlantMachinery2022-10-3107261268ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107261268ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3107261268ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-10-3107261268ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-10-3107261268ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3107261268ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-3107261268ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3107261268ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-3107261268ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 07261268 (England and Wales)















MRM ENGINEERING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MRM ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: M R Melling
Mrs P A Melling





REGISTERED OFFICE: Unit 1, Calibre Industrial park
Laches Close
Four Ashes
Wolverhampton
West Midlands
WV10 7DZ





REGISTERED NUMBER: 07261268 (England and Wales)

MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 526,920 539,186

CURRENT ASSETS
Stocks 34,994 34,623
Debtors 5 43,548 46,006
Cash at bank 10,122 16,548
88,664 97,177
CREDITORS
Amounts falling due within one year 6 (79,997 ) (84,587 )
NET CURRENT ASSETS 8,667 12,590
TOTAL ASSETS LESS CURRENT LIABILITIES 535,587 551,776

CREDITORS
Amounts falling due after more than one
year

7

1,239,308

1,222,782

PROVISIONS FOR LIABILITIES 8,338 8,338

CAPITAL AND RESERVES
Called up share capital 9 20 20
Revaluation reserve 188,732 188,732
Retained earnings (900,811 ) (868,096 )
SHAREHOLDERS' FUNDS (712,059 ) (679,344 )
535,587 551,776

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

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

The directors acknowledge their 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.

MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





M R Melling - Director


MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

MRM Engineering Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from vehicle maintenance is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% on cost

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

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 511,250 221,692 732,942
Additions - 9,473 9,473
Disposals - (3,845 ) (3,845 )
At 31 October 2023 511,250 227,320 738,570
DEPRECIATION
At 1 November 2022 16,250 177,506 193,756
Charge for year - 21,672 21,672
Eliminated on disposal - (3,778 ) (3,778 )
At 31 October 2023 16,250 195,400 211,650
NET BOOK VALUE
At 31 October 2023 495,000 31,920 526,920
At 31 October 2022 495,000 44,186 539,186

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 136,250 60,820 197,070
Cost 375,000 166,500 541,500
511,250 227,320 738,570

MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
as restated
£    £   
Cost 375,000 375,000
Aggregate depreciation 16,250 16,250

Value of land in freehold land and buildings 358,750 358,750

Freehold land and buildings were valued on an open market basis on 5 August 2020 by Bullys Chartered Surveyors .

The plant and machinery revaluation was undertaken by the director during 2019.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 33,497 30,764
Other debtors - 5,947
Prepayments and accrued income 10,051 9,295
43,548 46,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 6,026 5,877
Trade creditors 12,481 20,371
Social security and other taxes 2,524 2,484
Pension 225 251
VAT 6,302 3,266
Directors' current accounts 50,000 50,000
Accruals and deferred income 2,439 2,338
79,997 84,587

MRM ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 07261268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans - 1-2 years 6,178 6,026
Bank loans - 2-5 years 19,488 19,007
Bank loans more than 5 years
by instalments 10,025 16,684
Director's loan account > 1 yr 1,203,617 1,181,065
1,239,308 1,222,782

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 10,025 16,684
10,025 16,684

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Director's loan account 1,263,617 1,231,065

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
20 Ordinary £1 20 20

10. GOING CONCERN

At the balance sheet date, the company is insolvent and is reliant on the continual support of the director, Mr M R Melling. The director has indicated that he will not withdraw this support.