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REGISTERED NUMBER: 04698248 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MR (Bristol) Limited

MR (Bristol) Limited (Registered number: 04698248)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MR (Bristol) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C Newport
Mrs M Newport





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 04698248 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

MR (Bristol) Limited (Registered number: 04698248)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 300
Tangible assets 5 270,506 213,441
270,506 213,741

CURRENT ASSETS
Debtors 6 318,435 380,002
Cash at bank and in hand 2 552
318,437 380,554
CREDITORS
Amounts falling due within one year 7 274,057 256,381
NET CURRENT ASSETS 44,380 124,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,886

337,914

CREDITORS
Amounts falling due after more than one
year

8

124,150

106,853
NET ASSETS 190,736 231,061

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 190,516 230,841
SHAREHOLDERS' FUNDS 190,736 231,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MR (Bristol) Limited (Registered number: 04698248)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




Mrs M Newport - Director



Mr C Newport - Director


MR (Bristol) Limited (Registered number: 04698248)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MR (Bristol) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

MR (Bristol) Limited (Registered number: 04698248)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 58,000
AMORTISATION
At 1 April 2023 57,700
Amortisation for year 300
At 31 March 2024 58,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 300

MR (Bristol) Limited (Registered number: 04698248)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 371,910 5,265 294,448 25,146 696,769
Additions 17,511 - 126,100 8,816 152,427
At 31 March 2024 389,421 5,265 420,548 33,962 849,196
DEPRECIATION
At 1 April 2023 304,055 3,743 160,523 15,007 483,328
Charge for year 21,342 380 65,006 8,634 95,362
At 31 March 2024 325,397 4,123 225,529 23,641 578,690
NET BOOK VALUE
At 31 March 2024 64,024 1,142 195,019 10,321 270,506
At 31 March 2023 67,855 1,522 133,925 10,139 213,441

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 25,485 211,753 237,238
Additions - 126,100 126,100
Transfer to ownership - (38,090 ) (38,090 )
At 31 March 2024 25,485 299,763 325,248
DEPRECIATION
At 1 April 2023 11,150 91,977 103,127
Charge for year 3,584 58,456 62,040
Transfer to ownership - (26,038 ) (26,038 )
At 31 March 2024 14,734 124,395 139,129
NET BOOK VALUE
At 31 March 2024 10,751 175,368 186,119
At 31 March 2023 14,335 119,776 134,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,437 242,327
Other debtors 125,998 137,675
318,435 380,002

MR (Bristol) Limited (Registered number: 04698248)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,026 31,376
Hire purchase contracts 85,947 54,453
Trade creditors 38,415 72,291
Taxation and social security 135,429 94,425
Other creditors 4,240 3,836
274,057 256,381

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 22,994
Hire purchase contracts 111,650 83,859
124,150 106,853

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director's throughout the period, as stated in the director's report.

Interest was charged on the overdrawn directors' loan account balances at the official rate of 2.25%.