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REGISTERED NUMBER: 09566703 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

M R INDUSTRIAL SERVICES LTD

M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M R INDUSTRIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: A Nelson
M A Ross
C Noble





SECRETARY: M A Ross





REGISTERED OFFICE: 16 Brunel Road
Corby
Northamptonshire
NN17 4JW





REGISTERED NUMBER: 09566703 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 281,164 459,837

CURRENT ASSETS
Stocks 44,315 123,932
Debtors 5 2,638,974 3,661,392
Cash at bank and in hand 180,806 413,799
2,864,095 4,199,123
CREDITORS
Amounts falling due within one year 6 1,347,839 2,659,710
NET CURRENT ASSETS 1,516,256 1,539,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,797,420

1,999,250

CREDITORS
Amounts falling due after more than one
year

7

(376,241

)

(621,011

)

PROVISIONS FOR LIABILITIES (53,421 ) (74,867 )
NET ASSETS 1,367,758 1,303,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,367,658 1,303,272
SHAREHOLDERS' FUNDS 1,367,758 1,303,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

BALANCE SHEET - continued
30TH APRIL 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 17th December 2024 and were signed on its behalf by:





M A Ross - Director


M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

M R Industrial Services 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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.


M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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
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 59 (2023 - 58 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2023 370,193 561,272 931,465
Additions 666 - 666
Disposals (159,630 ) (50,325 ) (209,955 )
At 30th April 2024 211,229 510,947 722,176
DEPRECIATION
At 1st May 2023 270,710 200,918 471,628
Charge for year 24,355 87,840 112,195
Eliminated on disposal (118,014 ) (24,797 ) (142,811 )
At 30th April 2024 177,051 263,961 441,012
NET BOOK VALUE
At 30th April 2024 34,178 246,986 281,164
At 30th April 2023 99,483 360,354 459,837

M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,211,076 2,702,814
Amounts owed by group undertakings 618,591 546,229
Other debtors 809,307 412,349
2,638,974 3,661,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 120,000 120,000
Hire purchase contracts (see note 8) 113,580 128,729
Trade creditors 442,168 1,171,185
Taxation and social security 215,850 424,814
Other creditors 456,241 814,982
1,347,839 2,659,710

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 180,000 300,000
Hire purchase contracts (see note 8) 196,241 321,011
376,241 621,011

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 113,580 128,729
Between one and five years 196,241 321,011
309,821 449,740

M R INDUSTRIAL SERVICES LTD (REGISTERED NUMBER: 09566703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,799 66,828
Between one and five years 3,599 63,463
14,398 130,291

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 300,000 420,000
Other loans - Funding Circle - 24,564
300,000 444,564

Bank loans are secured under the UK government Coronavirus Business Interruption loan schemes providing a full guarantee on the outstanding amount.

Other loans are secured against the assets of the company.

10. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.