1 April 2023 false No description of principal activity Taxfiler 2024.5 10706747business:PrivateLimitedCompanyLtd2023-04-012024-03-31 107067472023-03-31 107067472023-04-012024-03-31 10706747business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10706747business:FilletedAccounts2023-04-012024-03-31 107067472024-03-31 10706747business:Director12023-04-012024-03-31 10706747business:Director22023-04-012024-03-31 10706747business:Director32023-04-012024-03-31 10706747business:RegisteredOffice2023-04-012024-03-31 107067472023-03-31 10706747core:WithinOneYear2024-03-31 10706747core:WithinOneYear2023-03-31 10706747core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10706747core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10706747core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10706747core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10706747core:PreviouslyStatedAmount2024-03-31 10706747core:PreviouslyStatedAmount2023-03-31 10706747business:SmallEntities2023-04-012024-03-31 10706747countries:EnglandWales2023-04-012024-03-31 10706747core:FurnitureFittings2023-04-012024-03-31 10706747core:FurnitureFittings2023-03-31 10706747core:FurnitureFittings2024-03-31 107067472022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10706747 (England and Wales)
MRM Design Studio Ltd Unaudited accounts for the year ended 31 March 2024
MRM Design Studio Ltd Unaudited accounts Contents
Page
- 2 -
MRM Design Studio Ltd Company Information for the year ended 31 March 2024
Directors
Mr S Glanville Mr D Millar Mr M Mitchell
Company Number
10706747 (England and Wales)
Registered Office
The Generator Quay House Kings Wharf Exeter EX2 4AN
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
- 3 -
MRM Design Studio Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,217 
5,625 
Current assets
Debtors
47,786 
28,367 
Cash at bank and in hand
21,132 
36,291 
68,918 
64,658 
Creditors: amounts falling due within one year
(38,288)
(42,370)
Net current assets
30,630 
22,288 
Total assets less current liabilities
34,847 
27,913 
Provisions for liabilities
Deferred tax
(801)
(1,069)
Net assets
34,046 
26,844 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
33,746 
26,544 
Shareholders' funds
34,046 
26,844 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by
Mr D Millar Director Company Registration No. 10706747
- 4 -
MRM Design Studio Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MRM Design Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 10706747. The registered office is The Generator Quay House, Kings Wharf, Exeter, EX2 4AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
30% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
15,578 
Additions
398 
At 31 March 2024
15,976 
Depreciation
At 1 April 2023
9,953 
Charge for the year
1,806 
At 31 March 2024
11,759 
Net book value
At 31 March 2024
4,217 
At 31 March 2023
5,625 
- 5 -
MRM Design Studio Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,035 
26,922 
Accrued income and prepayments
5,750 
1,445 
Other debtors
5,001 
- 
47,786 
28,367 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,774 
9,611 
Trade creditors
48 
37 
Taxes and social security
23,209 
16,303 
Loans from directors
6,257 
12,166 
Accruals
- 
4,253 
38,288 
42,370 
7
Transactions with related parties
Included within creditors is an amount of £6,257 (2023 £12,166) which is owed by the Company to the Directors. Interest is payable on this amount at 7.50% per annum (2023: 7.50% per annum) and there is no fixed date for repayment.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -