Registered number: 01393536 | ||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||
Prepared By: | ||||||||
Martin Waterworth Limited | ||||||||
Chartered Accountants | ||||||||
Bronwylfa | ||||||||
Llangunnor Road | ||||||||
Carmarthen | ||||||||
Dyfed | ||||||||
SA31 2PB |
M.R.S. Communications Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01393536 | ||||||||
ACCOUNTANTS | ||||||||
Martin Waterworth Limited | ||||||||
Chartered Accountants | ||||||||
Bronwylfa | ||||||||
Llangunnor Road | ||||||||
Carmarthen | ||||||||
Dyfed | ||||||||
SA31 2PB |
M.R.S. Communications Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
743,421 | 797,093 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 197,385 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 1,187,565 | 1,266,376 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
M.R.S. Communications Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/10/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant And Machinery | straight linemainly 15% | |||||||
Motor Cars | reducing balance25% |
1c. Intangible Assets | ||||||||
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. |
1e. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1f. Turnover | ||||||||
Turnover is measured at the fair value of the consideration received or receivable, net of value added tax and trade discounts. For hire income it takes into account the period of hire, being adjusted where it straddles the accounting period and is effectively invoiced in advance. |
M.R.S. Communications Limited | ||||||||
1g. Leasing Commitments | ||||||||
1h. Fixed Assets Held For Use In Operating Leases | ||||||||
Assets held for use in operating leases (hire of radio systems) are capitalised and written off over their expected useful lives of seven years straight line. Consumables included within the lease (hire) are written off on issue. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
3. INTANGIBLE FIXED ASSETS | |||||||||
Development | |||||||||
Costs | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
Additions | 35,000 | 35,000 | |||||||
At 31/10/2024 | 35,000 | 35,000 | |||||||
Depreciation | |||||||||
For the year | 5,000 | 5,000 | |||||||
At 31/10/2024 | 5,000 | 5,000 | |||||||
Net Book Amounts | |||||||||
At 31/10/2024 | |||||||||
The development costs relate to the cost of software implementation and the right to use it by the company. | |||||||||
M.R.S. Communications Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/11/2023 | 388,407 | 3,676,794 | 4,065,201 | |||
Additions | - | 180,417 | 180,417 | |||
Disposals | - | (40,000) | (40,000) | |||
At 31/10/2024 | 388,407 | 3,817,211 | 4,205,618 | |||
Depreciation | ||||||
At 01/11/2023 | 124,771 | 2,699,725 | 2,824,496 | |||
Disposals | - | (40,000) | (40,000) | |||
For the year | - | 252,499 | 252,499 | |||
At 31/10/2024 | 124,771 | 2,912,224 | 3,036,995 | |||
Net Book Amounts | ||||||
At 31/10/2024 | 263,636 | 904,987 | 1,168,623 | |||
At 31/10/2023 | 263,636 | 977,069 | 1,240,705 | |||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 227,029 | 300,075 | ||||||
Other debtors | 42,281 | 63,855 | ||||||
269,310 | 363,930 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Trade creditors | 169,962 | 131,092 | ||||||
Taxation and social security | 59,225 | 78,967 | ||||||
Other creditors | 361,111 | 389,649 | ||||||
590,298 | 599,708 | |||||||
M.R.S. Communications Limited | ||||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 164,081 | 171,614 | ||||||
164,081 | 171,614 | |||||||