M & R IMPORT & EXPORTERS LTD

Company Registration Number:
12218738 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2021

Period of accounts

Start date: 1 October 2020

End date: 30 September 2021

M & R IMPORT & EXPORTERS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2021

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

M & R IMPORT & EXPORTERS LTD

Profit And Loss Account

for the Period Ended 30 September 2021

2021 2020


£

£
Turnover: 10,005,247 4,568,596
Cost of sales: ( 6,231,522 ) ( 2,545,158 )
Gross profit(or loss): 3,773,725 2,023,438
Distribution costs: ( 522,132 ) ( 327,854 )
Administrative expenses: ( 952,171 ) ( 598,554 )
Operating profit(or loss): 2,299,422 1,097,030
Profit(or loss) before tax: 2,299,422 1,097,030
Tax: ( 436,890 ) ( 208,435 )
Profit(or loss) for the financial year: 1,862,532 888,595

M & R IMPORT & EXPORTERS LTD

Balance sheet

As at 30 September 2021

Notes 2021 2020


£

£
Fixed assets
Tangible assets: 3 421,527 136,526
Total fixed assets: 421,527 136,526
Current assets
Stocks: 4 1,721,157 745,222
Debtors: 5 1,104,172 315,457
Cash at bank and in hand: 289,529 78,951
Total current assets: 3,114,858 1,139,630
Creditors: amounts falling due within one year: 6 ( 785,256 ) ( 387,559 )
Net current assets (liabilities): 2,329,602 752,071
Total assets less current liabilities: 2,751,129 888,597
Total net assets (liabilities): 2,751,129 888,597
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,751,127 888,595
Total Shareholders' funds: 2,751,129 888,597

The notes form part of these financial statements

M & R IMPORT & EXPORTERS LTD

Balance sheet statements

For the year ending 30 September 2021 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Glenda Weaver
Status: Director

The notes form part of these financial statements

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 11 5

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2020 0 25,642 31,145 37,985 72,646 167,418
Additions 143,821 32,100 21,355 52,541 112,332 362,149
Disposals
Revaluations
Transfers
At 30 September 2021 143,821 57,742 52,500 90,526 184,978 529,567
Depreciation
At 1 October 2020 3,128 4,229 5,597 17,938 30,892
Charge for year 11,548 10,500 18,105 36,995 77,148
On disposals
Other adjustments
At 30 September 2021 14,676 14,729 23,702 54,933 108,040
Net book value
At 30 September 2021 143,821 43,066 37,771 66,824 130,045 421,527
At 30 September 2020 0 22,514 26,916 32,388 54,708 136,526

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Stocks

2021 2020
£ £
Stocks 1,721,157 745,222
Total 1,721,157 745,222

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

5. Debtors

2021 2020
£ £
Trade debtors 1,104,172 315,457
Total 1,104,172 315,457

M & R IMPORT & EXPORTERS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

6. Creditors: amounts falling due within one year note

2021 2020
£ £
Trade creditors 263,218 122,341
Taxation and social security 522,038 265,218
Total 785,256 387,559