Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11715662 Mr Louis Richmond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11715662 2022-12-31 11715662 2023-12-31 11715662 2023-01-01 2023-12-31 11715662 frs-core:CurrentFinancialInstruments 2023-12-31 11715662 frs-core:Non-currentFinancialInstruments 2023-12-31 11715662 frs-core:BetweenOneFiveYears 2023-12-31 11715662 frs-core:MotorVehicles 2023-12-31 11715662 frs-core:MotorVehicles 2023-01-01 2023-12-31 11715662 frs-core:MotorVehicles 2022-12-31 11715662 frs-core:ShareCapital 2023-12-31 11715662 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11715662 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11715662 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11715662 frs-bus:SmallEntities 2023-01-01 2023-12-31 11715662 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11715662 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11715662 frs-bus:Director1 2023-01-01 2023-12-31 11715662 frs-countries:EnglandWales 2023-01-01 2023-12-31 11715662 2021-12-31 11715662 2022-12-31 11715662 2022-01-01 2022-12-31 11715662 frs-core:CurrentFinancialInstruments 2022-12-31 11715662 frs-core:Non-currentFinancialInstruments 2022-12-31 11715662 frs-core:BetweenOneFiveYears 2022-12-31 11715662 frs-core:ShareCapital 2022-12-31 11715662 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11715662
MLR TRADING LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Bowes Brooks Accountants
16C Millwey Avenue
Axminster
Devon
EX13 5HU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11715662
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,900 -
9,900 -
CURRENT ASSETS
Stocks 5 3,500 3,500
Cash at bank and in hand 3,515 4,237
7,015 7,737
Creditors: Amounts Falling Due Within One Year 6 (9,938 ) (28,243 )
NET CURRENT ASSETS (LIABILITIES) (2,923 ) (20,506 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,977 (20,506 )
Creditors: Amounts Falling Due After More Than One Year 7 (31,944 ) (15,343 )
NET LIABILITIES (24,967 ) (35,849 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (24,968 ) (35,850 )
SHAREHOLDERS' FUNDS (24,967) (35,849)
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Louis Richmond
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MLR TRADING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11715662 . The registered office is 16c Weycroft Avenue Millwey Rise Industrial Estate, Axmisnter, England, EX13 5HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2023 -
Additions 13,200
As at 31 December 2023 13,200
Depreciation
As at 1 January 2023 -
Provided during the period 3,300
As at 31 December 2023 3,300
Net Book Value
As at 31 December 2023 9,900
As at 1 January 2023 -
5. Stocks
2023 2022
£ £
Work in progress 3,500 3,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 -
Amounts owed to participating interests 1,500 -
Other creditors 4,549 23,370
Taxation and social security 3,888 4,873
9,938 28,243
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,996 -
Bank loans 13,948 15,343
Other creditors 8,000 -
31,944 15,343
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 9,996 -
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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