Company Registration No. 06621732 (England and Wales)
IRC (MM) Ltd
Unaudited accounts
for the year ended 31 March 2024
IRC (MM) Ltd
Unaudited accounts
Contents
IRC (MM) Ltd
Company Information
for the year ended 31 March 2024
Company Number
06621732 (England and Wales)
Registered Office
93 Hayes Lane
Bromley
Kent
BR2 9EG
IRC (MM) Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,180
2,456
Cash at bank and in hand
5,980
3,824
Creditors: amounts falling due within one year
(76,957)
(46,177)
Net current assets
32,352
36,709
Total assets less current liabilities
33,532
39,165
Creditors: amounts falling due after more than one year
(25,000)
(34,510)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
8,306
3,662
Shareholders' funds
8,307
3,663
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 7 August 2024 and were signed on its behalf by
Imellda Courtney
Director
Company Registration No. 06621732
IRC (MM) Ltd
Notes to the Accounts
for the year ended 31 March 2024
IRC (MM) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06621732. The registered office is 93 Hayes Lane, Bromley, Kent, BR2 9EG.
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
25% On cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
This is fully amortised now
4
Intangible fixed assets
Goodwill
IRC (MM) Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
4,000
4,176
2,669
10,845
At 31 March 2024
4,000
4,176
2,669
10,845
At 1 April 2023
3,164
2,749
2,476
8,389
Charge for the year
836
247
193
1,276
At 31 March 2024
4,000
2,996
2,669
9,665
At 31 March 2024
-
1,180
-
1,180
At 31 March 2023
836
1,427
193
2,456
Amounts falling due within one year
Accrued income and prepayments
8,679
9,692
Other debtors
94,650
69,370
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,595
8,989
Trade creditors
4,964
2,594
Taxes and social security
4,094
11,259
Other creditors
9,919
5,318
8
Creditors: amounts falling due after more than one year
2024
2023
IRC (MM) Ltd
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year, Imellda Courtney, a director of the company increased the directors loan by £18901 to £71256.
The loan is interest free and has no fixed date for repayment.
10
Average number of employees
During the year the average number of employees was 17 (2023: 20).