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REGISTERED NUMBER: 09339652 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MNR PROJECT CONSULTING LTD

MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)






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


MNR PROJECT CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms N Redding
M Redding





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Willow Cottage
Littleworth Road
Barcombe
BN8 4TD





REGISTERED NUMBER: 09339652 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244 326

CURRENT ASSETS
Debtors 5 27,505 44,891

CREDITORS
Amounts falling due within one year 6 25,138 28,536
NET CURRENT ASSETS 2,367 16,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,611

16,681

CREDITORS
Amounts falling due after more than one
year

7

(625

)

(1,163

)

PROVISIONS FOR LIABILITIES (46 ) (62 )

ACCRUALS AND DEFERRED INCOME (1,872 ) (1,872 )
NET ASSETS 68 13,584

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 58 13,574
SHAREHOLDERS' FUNDS 68 13,584

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.

MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




M Redding - Director



Ms N Redding - Director


MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mnr Project Consulting Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the in voiced value of services provided during the period, stated net of VAT.
Revenue from consulting is recognised when the service has been provided and all obligations to the customers have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
There are material uncertainties related to events or conditions that may cast significant doubt about the company’s ability to continue as a going concern but the going concern basis remains appropriate; due to the IR35 status among the pharmaceutical industry the requirement for PAYE working is being used across the board and the requirement for intermediary company working is becoming limited.

MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 772
DEPRECIATION
At 1 April 2023 446
Charge for year 82
At 31 March 2024 528
NET BOOK VALUE
At 31 March 2024 244
At 31 March 2023 326

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 500
Other debtors 9,836 14,490
Directors' loan accounts 17,669 29,901
27,505 44,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,959 7,941
Trade creditors 186 190
Corporation Tax 16,019 19,031
VAT 974 1,374
25,138 28,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 625 1,163

MNR PROJECT CONSULTING LTD (REGISTERED NUMBER: 09339652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' TRANSACTIONS

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Redding
Balance outstanding at start of year 29,901 38,532
Amounts advanced 25,142 15,991
Amounts repaid (37,374 ) (24,622 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,669 29,901

Interest is being charged on the above loans at the HMRC approved rate and there are no set repayment terms.