Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31falsefalse0trueNo description of principal activity2023-07-183The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15010089 2023-07-17 15010089 2023-07-18 2024-07-31 15010089 2022-07-18 2023-07-17 15010089 2024-07-31 15010089 c:Director2 2023-07-18 2024-07-31 15010089 d:MotorVehicles 2023-07-18 2024-07-31 15010089 d:MotorVehicles 2024-07-31 15010089 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15010089 d:ComputerEquipment 2023-07-18 2024-07-31 15010089 d:ComputerEquipment 2024-07-31 15010089 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15010089 d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15010089 d:CurrentFinancialInstruments 2024-07-31 15010089 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15010089 d:ShareCapital 2024-07-31 15010089 d:RetainedEarningsAccumulatedLosses 2024-07-31 15010089 c:OrdinaryShareClass1 2023-07-18 2024-07-31 15010089 c:OrdinaryShareClass1 2024-07-31 15010089 c:FRS102 2023-07-18 2024-07-31 15010089 c:AuditExempt-NoAccountantsReport 2023-07-18 2024-07-31 15010089 c:FullAccounts 2023-07-18 2024-07-31 15010089 c:PrivateLimitedCompanyLtd 2023-07-18 2024-07-31 15010089 e:PoundSterling 2023-07-18 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15010089






MNR ELECTRICAL LIMITED
MNR ELECTRICAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
 












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MNR ELECTRICAL LIMITED
  
MNR ELECTRICAL LIMITED
REGISTERED NUMBER:15010089

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
7,297

  
7,297

Current assets
  

Debtors: amounts falling due within one year
 5 
35,111

Cash at bank and in hand
  
7,271

  
42,382

Creditors: amounts falling due within one year
 6 
(49,288)

Net current (liabilities)/assets
  
 
 
(6,906)

Total assets less current liabilities
  
391

  

Net assets
  
391


Capital and reserves
  

Called up share capital 
 7 
120

Profit and loss account
  
271

  
391


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.



Page 1

 
MNR ELECTRICAL LIMITED
  
MNR ELECTRICAL LIMITED
REGISTERED NUMBER:15010089
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024


M Saunders
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MNR ELECTRICAL LIMITED
 
MNR ELECTRICAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

MNR Electrical Limited is a private company, limited by shares, domiciled in England and Wales. The registered office is Courtenay House, Pynes Hill, Exeter, United Kingdom, EX2 5AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MNR ELECTRICAL LIMITED
 
MNR ELECTRICAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and a reducing balance basis..

Depreciation is provided on the following basis:

Motor vehicles
-
25% Reducing balance basis
Computer equipment
-
3 Years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MNR ELECTRICAL LIMITED
 
MNR ELECTRICAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
MNR ELECTRICAL LIMITED
 
MNR ELECTRICAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees

2024
£

Wages and salaries
32,473

32,473


The average monthly number of employees, including directors, during the Period was 3.


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


Additions
8,579
300
8,879



At 31 July 2024

8,579
300
8,879



Depreciation


Charge for the Period on owned assets
1,482
100
1,582



At 31 July 2024

1,482
100
1,582



Net book value



At 31 July 2024
7,097
200
7,297


5.


Debtors

2024
£


Trade debtors
638

Other debtors
4,730

Tax recoverable
29,743

35,111


Page 6

 
MNR ELECTRICAL LIMITED
 
MNR ELECTRICAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
311

Corporation tax
25,707

Other creditors
21,870

Accruals and deferred income
1,400

49,288



7.


Share capital

2024
£
Allotted, called up and fully paid


120 Ordinary shares of £1.00 each
120


On the date of incorporation, 18 July 2023, 120 Ordinary Shares were issued with a value of £1.00 each.

 
Page 7