IRIS Accounts Production v24.3.0.553 04393881 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043938812023-04-30043938812024-04-30043938812023-05-012024-04-30043938812022-04-30043938812022-05-012023-04-30043938812023-04-3004393881ns15:EnglandWales2023-05-012024-04-3004393881ns14:PoundSterling2023-05-012024-04-3004393881ns10:Director12023-05-012024-04-3004393881ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004393881ns10:SmallEntities2023-05-012024-04-3004393881ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004393881ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004393881ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004393881ns10:AbridgedAccounts2023-05-012024-04-300439388112023-05-012024-04-3004393881ns10:Director22023-05-012024-04-3004393881ns10:RegisteredOffice2023-05-012024-04-3004393881ns5:CurrentFinancialInstruments2024-04-3004393881ns5:CurrentFinancialInstruments2023-04-3004393881ns5:Non-currentFinancialInstruments2024-04-3004393881ns5:Non-currentFinancialInstruments2023-04-3004393881ns5:ShareCapital2024-04-3004393881ns5:ShareCapital2023-04-3004393881ns5:RetainedEarningsAccumulatedLosses2024-04-3004393881ns5:RetainedEarningsAccumulatedLosses2023-04-3004393881ns5:PlantMachinery2023-05-012024-04-3004393881ns5:FurnitureFittings2023-05-012024-04-3004393881ns5:MotorVehicles2023-05-012024-04-3004393881ns5:ComputerEquipment2023-05-012024-04-3004393881ns5:Secured2024-04-3004393881ns5:Secured2023-04-30
REGISTERED NUMBER: 04393881 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

M R CURRELL LIMITED

M R CURRELL LIMITED (REGISTERED NUMBER: 04393881)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M R CURRELL LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr L Currell
Mr J Currell





REGISTERED OFFICE: Unit 4 Easter Park
Axial Way
Colchester
Essex
CO4 5WY





REGISTERED NUMBER: 04393881 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

M R CURRELL LIMITED (REGISTERED NUMBER: 04393881)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,123 34,832
26,123 34,832

CURRENT ASSETS
Stocks 43,109 40,225
Debtors 3,521,446 3,273,633
Cash at bank 965,948 665,538
4,530,503 3,979,396
CREDITORS
Amounts falling due within one year 2,170,562 2,065,358
NET CURRENT ASSETS 2,359,941 1,914,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,386,064

1,948,870

CREDITORS
Amounts falling due after more than one
year

212,500

362,500
NET ASSETS 2,173,564 1,586,370

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,172,564 1,585,370
SHAREHOLDERS' FUNDS 2,173,564 1,586,370

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 CURRELL LIMITED (REGISTERED NUMBER: 04393881)

ABRIDGED BALANCE SHEET - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 January 2025 and were signed on its behalf by:





Mr L Currell - Director


M R CURRELL LIMITED (REGISTERED NUMBER: 04393881)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

M R Currell 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

M R CURRELL LIMITED (REGISTERED NUMBER: 04393881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Employee benefit trust
The company established an Employee Benefit Trust (EBT) during the year for the benefit of certain employees. In accordance with UITF 32, until such time as the assets of the EBT vest unconditionally with the employees, the assets and liabilities of the EBT are included within the relevant assets and liabilities of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 1,089,275
AMORTISATION
At 1 May 2023
and 30 April 2024 1,089,275
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 160,409
DEPRECIATION
At 1 May 2023 125,577
Charge for year 8,709
At 30 April 2024 134,286
NET BOOK VALUE
At 30 April 2024 26,123
At 30 April 2023 34,832

M R CURRELL LIMITED (REGISTERED NUMBER: 04393881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 362,500 567,500

The loan with NatWest Bank Plc is secured by way of a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery by the company.

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £756,377 (2023: 756,377) to L&J Currell Limited and it was owed £993,909 (2023: £993,309) by Image Key Limited and £500 (2023: £500) by M R Currell Holdings Limited, companies with common directors, Mr M R Currell, Mr J Currell and Mr L Currell.

At the balance sheet date, the company owed £110,738 (2023: £123,954) to the directors.