Company Registration No. 10697877 (England and Wales)
MMR Fixings Limited
Unaudited accounts
for the year ended 31 December 2023
MMR Fixings Limited
Unaudited accounts
Contents
MMR Fixings Limited
Company Information
for the year ended 31 December 2023
Directors
Mrs L. King
Mr W. King
Mrs A.C. Rafferty
Mr F. Rafferty
Company Number
10697877 (England and Wales)
Registered Office
Ivy House
Liverpool Street
Salford
M5 4LY
England
Accountants
Accology Limited
Bolton Arena
Arena Approach
Horwich
Lancashire
BL6 6LB
MMR Fixings Limited
Statement of financial position
as at 31 December 2023
Tangible assets
183,106
166,758
Inventories
172,651
176,816
Cash at bank and in hand
195,436
95,513
Creditors: amounts falling due within one year
(490,423)
(506,596)
Net current assets
226,869
200,254
Total assets less current liabilities
409,975
367,012
Creditors: amounts falling due after more than one year
(80,966)
(88,603)
Net assets
329,009
278,409
Called up share capital
20
20
Profit and loss account
328,989
278,389
Shareholders' funds
329,009
278,409
For the year ending 31 December 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.
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 18 January 2024 and were signed on its behalf by
Mr W. King
Director
Company Registration No. 10697877
MMR Fixings Limited
Notes to the Accounts
for the year ended 31 December 2023
MMR Fixings Limited is a private company, limited by shares, registered in England and Wales, registration number 10697877. The registered office is Ivy House, Liverpool Street, Salford, M5 4LY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
15% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
21,205
164,908
11,458
197,571
Additions
52,637
117,493
13,537
183,667
Disposals
-
(141,913)
-
(141,913)
At 31 December 2023
73,842
140,488
24,995
239,325
At 1 January 2023
5,257
22,028
3,528
30,813
Charge for the year
10,288
36,832
7,156
54,276
On disposals
-
(28,870)
-
(28,870)
At 31 December 2023
15,545
29,990
10,684
56,219
At 31 December 2023
58,297
110,498
14,311
183,106
At 31 December 2022
15,948
142,880
7,930
166,758
MMR Fixings Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
332,503
427,224
Accrued income and prepayments
6,000
6,000
Other debtors
10,702
1,297
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
48,905
11,919
Trade creditors
150,074
213,610
Taxes and social security
86,737
62,681
Loans from directors
110,259
105,366
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
66,697
65,178
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).