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REGISTERED NUMBER: 09730354 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M&R Insights Ltd

M&R Insights Ltd (Registered number: 09730354)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M&R Insights Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R A Princely
M Hughes





REGISTERED OFFICE: 4a Parkway
Porters Wood
St. Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 09730354 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

M&R Insights Ltd (Registered number: 09730354)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 224,894 87,685

CURRENT ASSETS
Debtors 6 281,558 284,829
Cash at bank 558,152 386,030
839,710 670,859
CREDITORS
Amounts falling due within one year 7 752,304 273,133
NET CURRENT ASSETS 87,406 397,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,300

485,411

CREDITORS
Amounts falling due after more than one year 8 (189,500 ) (64,793 )

PROVISIONS FOR LIABILITIES (51,439 ) (16,660 )
NET ASSETS 71,361 403,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,261 403,858
71,361 403,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M&R Insights Ltd (Registered number: 09730354)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





R A Princely - Director


M&R Insights Ltd (Registered number: 09730354)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M&R Insights 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced value of sales and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

M&R Insights Ltd (Registered number: 09730354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 965 84,000 3,380 88,345
Additions - 153,103 7,320 160,423
At 31 March 2024 965 237,103 10,700 248,768
DEPRECIATION
At 1 April 2023 97 - 563 660
Charge for year 193 21,000 2,021 23,214
At 31 March 2024 290 21,000 2,584 23,874
NET BOOK VALUE
At 31 March 2024 675 216,103 8,116 224,894
At 31 March 2023 868 84,000 2,817 87,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 270,788 284,829
VAT 1,216 -
Prepayments 9,554 -
281,558 284,829

M&R Insights Ltd (Registered number: 09730354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 25,715 9,207
Tax 83,643 239,466
Social security and other taxes 2,573 18,413
VAT - 757
Other creditors 2,888 1,317
Directors' current accounts 6,702 173
Accruals and deferred income 626,713 -
Accrued expenses 4,070 3,800
752,304 273,133

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 165,651 64,793
Accruals and deferred income 23,849 -
189,500 64,793