2023-06-012024-05-312024-05-31false09595970MRD INSTALLATIONS 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MRD INSTALLATIONS LTD

Registered Number
09595970
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

MRD INSTALLATIONS LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Mr Matthew Richard Dugmore

Registered Address

2 Ashlar South Meadow Road
Northampton
NN5 4AP

Registered Number

09595970 (England and Wales)
MRD INSTALLATIONS LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets321,37828,429
21,37828,429
Current assets
Debtors15,82111,073
Cash at bank and on hand59,30747,673
75,12858,746
Creditors amounts falling due within one year4(15,027)(12,492)
Net current assets (liabilities)60,10146,254
Total assets less current liabilities81,47974,683
Provisions for liabilities5(4,062)(5,401)
Net assets77,41769,282
Capital and reserves
Called up share capital1010
Profit and loss account77,40769,272
Shareholders' funds77,41769,282
The financial statements were approved and authorised for issue by the Director on 18 July 2024, and are signed on its behalf by:
Mr Matthew Richard Dugmore
Director
Registered Company No. 09595970
MRD INSTALLATIONS LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated in the balance sheet at cost. less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs in their acquisition and installation.

Reducing balance (%)Straight line (years)
Plant and machinery-3
Vehicles25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 23-39,9501,84341,793
Additions203--203
At 31 May 2420339,9501,84341,996
Depreciation and impairment
At 01 June 23-11,8601,50413,364
Charge for year347,0223597,415
Other adjustments--(161)(161)
At 31 May 243418,8821,70220,618
Net book value
At 31 May 2416921,06814121,378
At 31 May 23-28,09033928,429
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables132120
Taxation and social security12,9479,963
Other creditors1,9482,409
Total15,02712,492
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,0625,401
Total4,0625,401