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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
Page
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IRC (MM) Ltd Company Information for the year ended 31 March 2024
Director
Imellda Courtney
Company Number
06621732 (England and Wales)
Registered Office
93 Hayes Lane Bromley Kent BR2 9EG
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IRC (MM) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,180 
2,456 
Current assets
Debtors
103,329 
79,062 
Cash at bank and in hand
5,980 
3,824 
109,309 
82,886 
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
Deferred tax
(188)
(992)
Other provisions
(37)
- 
(225)
(992)
Net assets
8,307 
3,663 
Capital and reserves
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
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IRC (MM) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 1 April 2023
120,000 
At 31 March 2024
120,000 
Amortisation
At 1 April 2023
120,000 
At 31 March 2024
120,000 
Net book value
At 31 March 2024
- 
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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 
Depreciation
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 
Net book value
At 31 March 2024
- 
1,180 
- 
1,180 
At 31 March 2023
836 
1,427 
193 
2,456 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,679 
9,692 
Other debtors
94,650 
69,370 
103,329 
79,062 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,595 
8,989 
VAT
21,492 
15,313 
Trade creditors
4,964 
2,594 
Taxes and social security
4,094 
11,259 
Other creditors
9,919 
5,318 
Accruals
900 
900 
Deferred income
993 
1,804 
76,957 
46,177 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,000 
34,510 
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IRC (MM) Ltd Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Imellda Courtney
52,355 
18,901 
- 
71,256 
52,355 
18,901 
- 
71,256 
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).
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