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REGISTERED NUMBER: 12955845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

MLR Fabrications Ltd

MLR Fabrications Ltd (Registered number: 12955845)






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


MLR Fabrications Ltd

Company Information
for the Year Ended 31 October 2023







Director: Mr P C Kellington





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 12955845 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

MLR Fabrications Ltd (Registered number: 12955845)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 11,244 8,523
18,244 16,523

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 27,123 13,014
Cash at bank 20,464 15,175
52,587 33,189
CREDITORS
Amounts falling due within one year 7 30,880 35,722
NET CURRENT ASSETS/(LIABILITIES) 21,707 (2,533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,951

13,990

PROVISIONS FOR LIABILITIES 8 1,344 1,619
NET ASSETS 38,607 12,371

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 38,505 12,269
SHAREHOLDERS' FUNDS 38,607 12,371

MLR Fabrications Ltd (Registered number: 12955845)

Balance Sheet - continued
31 October 2023


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 director acknowledges his 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2024 and were signed by:





Mr P C Kellington - Director


MLR Fabrications Ltd (Registered number: 12955845)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

MLR Fabrications Ltd 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MLR Fabrications Ltd (Registered number: 12955845)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022 2,000
Amortisation for year 1,000
At 31 October 2023 3,000
NET BOOK VALUE
At 31 October 2023 7,000
At 31 October 2022 8,000

MLR Fabrications Ltd (Registered number: 12955845)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 1,325 - 13,495 263 15,083
Additions - 598 4,167 312 5,077
At 31 October 2023 1,325 598 17,662 575 20,160
DEPRECIATION
At 1 November 2022 578 - 5,867 115 6,560
Charge for year 185 149 1,907 115 2,356
At 31 October 2023 763 149 7,774 230 8,916
NET BOOK VALUE
At 31 October 2023 562 449 9,888 345 11,244
At 31 October 2022 747 - 7,628 148 8,523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,524 8,810
Other debtors 932 4,204
VAT 667 -
27,123 13,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,919 5,745
Corporation tax 17,593 7,095
Social security and other taxes - 43
VAT - 2,537
Directors' current accounts 68 19,102
Accruals and deferred income 1,300 1,200
30,880 35,722

MLR Fabrications Ltd (Registered number: 12955845)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,344 1,619

Deferred
tax
£   
Balance at 1 November 2022 1,619
Provided during year (275 )
Balance at 31 October 2023 1,344

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
102 102

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P C Kellington.