MRL Strategic Consultancy Limited 14584463 false 2023-01-11 2024-03-31 2024-03-31 The principal activity of the company is that of the provision of management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 14584463 2023-01-11 2024-03-31 14584463 2024-03-31 14584463 core:CurrentFinancialInstruments 2024-03-31 14584463 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14584463 core:FurnitureFittingsToolsEquipment 2024-03-31 14584463 bus:SmallEntities 2023-01-11 2024-03-31 14584463 bus:AuditExemptWithAccountantsReport 2023-01-11 2024-03-31 14584463 bus:FilletedAccounts 2023-01-11 2024-03-31 14584463 bus:SmallCompaniesRegimeForAccounts 2023-01-11 2024-03-31 14584463 bus:RegisteredOffice 2023-01-11 2024-03-31 14584463 bus:Director1 2023-01-11 2024-03-31 14584463 bus:Director2 2023-01-11 2024-03-31 14584463 bus:PrivateLimitedCompanyLtd 2023-01-11 2024-03-31 14584463 core:FurnitureFittingsToolsEquipment 2023-01-11 2024-03-31 14584463 core:OfficeEquipment 2023-01-11 2024-03-31 14584463 countries:AllCountries 2023-01-11 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14584463

MRL Strategic Consultancy Limited

Unaudited Financial Statements

for the Period from 11 January 2023 to 31 March 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

MRL Strategic Consultancy Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,202

Current assets

 

Debtors

5

26,804

Cash at bank and in hand

 

652,784

 

679,588

Creditors: Amounts falling due within one year

6

(229,745)

Net current assets

 

449,843

Net assets

 

451,045

Capital and reserves

 

Called up share capital

2

Retained earnings

451,043

Shareholders' funds

 

451,045

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

MRL Strategic Consultancy Limited

Statement of Financial Position as at 31 March 2024

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 

.........................................

M R Layton

Director

.........................................

E-M Layton

Director

Company registration number: 14584463

 

MRL Strategic Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 11 January 2023 to 31 March 2024

1

General information

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the provision of management consultancy.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the period ended 31 March 2024 and had net assets of £451,045 at that date. The company continues to trade profitably and the directors do not believe the company will be affected by current economic conditions.

On the basis of the above and having made enquires the directors have reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from consultancy services evenly over the period in which the services were provided.

 

MRL Strategic Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 11 January 2023 to 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

 

MRL Strategic Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 11 January 2023 to 31 March 2024

4

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

Additions

1,848

1,848

At 31 March 2024

1,848

1,848

Depreciation

Charge for the period

646

646

At 31 March 2024

646

646

Carrying amount

At 31 March 2024

1,202

1,202

5

Debtors

2024
£

Trade debtors

25,424

Other debtors

1,380

26,804

6

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

227,737

Accruals and deferred income

1,850

Other creditors

158

229,745

7

Transactions with directors

At 31 March 2024 an amount of £Nil was due from the directors. During the year advances and repayments of £1,107 were made. No interest was charged and there are no terms in place.