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REGISTERED NUMBER: 07563534 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MRV Support Services Limited

MRV Support Services Limited (Registered number: 07563534)






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


MRV Support Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Vincent





REGISTERED OFFICE: 54 St. Mary's Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 07563534 (England and Wales)

MRV Support Services Limited (Registered number: 07563534)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,906 101,782
Tangible assets 5 48,579 65,545
136,485 167,327

CURRENT ASSETS
Debtors 6 194,699 161,931
Cash at bank and in hand 75,051 3,574
269,750 165,505
CREDITORS
Amounts falling due within one year 7 223,343 137,891
NET CURRENT ASSETS 46,407 27,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,892

194,941

CREDITORS
Amounts falling due after more than one
year

8

(48,789

)

(71,312

)

PROVISIONS FOR LIABILITIES (12,145 ) (12,454 )
NET ASSETS 121,958 111,175

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 121,956 111,173
SHAREHOLDERS' FUNDS 121,958 111,175

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 director acknowledges his 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.

MRV Support Services Limited (Registered number: 07563534)

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 director and authorised for issue on 3 July 2024 and were signed by:





M Vincent - Director


MRV Support Services Limited (Registered number: 07563534)

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

1. STATUTORY INFORMATION

MRV Support Services 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.

The financial statements have been prepared on a going concern basis as the director believes that no material uncertainties exist. The director consider the budgeted income, expenditure and cash flows to be sufficient with the level of reserves for the company to be able to continue as a going concern.

The director has assessed to the best of their abilities the current and potential future impact of the COVID-19 pandemic, to ensure that the company can maintain it's day to day activities. The director will take whatever measures they consider to be required during this time to enable the company to continue its operations.

TURNOVER
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added tax. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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 cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

MRV Support Services Limited (Registered number: 07563534)

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

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

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.

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.

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 98 (2023 - 92 ) .

MRV Support Services Limited (Registered number: 07563534)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 193,755
AMORTISATION
At 1 April 2023 91,973
Charge for year 13,876
At 31 March 2024 105,849
NET BOOK VALUE
At 31 March 2024 87,906
At 31 March 2023 101,782

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 98,768
Additions 2,018
Disposals (224 )
At 31 March 2024 100,562
DEPRECIATION
At 1 April 2023 33,223
Charge for year 18,965
Eliminated on disposal (205 )
At 31 March 2024 51,983
NET BOOK VALUE
At 31 March 2024 48,579
At 31 March 2023 65,545

MRV Support Services Limited (Registered number: 07563534)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 80,128
DEPRECIATION
At 1 April 2023 17,558
Charge for year 17,282
At 31 March 2024 34,840
NET BOOK VALUE
At 31 March 2024 45,288
At 31 March 2023 62,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 193,831 160,821
Other debtors 868 1,110
194,699 161,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,784 15,515
Hire purchase contracts 8,740 8,740
Trade creditors 16,362 15,855
Taxation and social security 118,310 72,965
Other creditors 66,147 24,816
223,343 137,891

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 22,570 36,353
Hire purchase contracts 26,219 34,959
48,789 71,312

MRV Support Services Limited (Registered number: 07563534)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 34,959 43,699
Bank loan 8,019 13,133
42,978 56,832

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2