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REGISTERED NUMBER: 07848747 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MR Refrigeration (S.W.) Ltd

MR Refrigeration (S.W.) Ltd (Registered number: 07848747)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MR Refrigeration (S.W.) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Robinson





REGISTERED OFFICE: 1 Grange Road
Saltford
Bristol
Avon
BS31 3AR





REGISTERED NUMBER: 07848747 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

MR Refrigeration (S.W.) Ltd (Registered number: 07848747)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 63,000 72,000
Tangible assets 5 1,105 4,081
64,105 76,081

CURRENT ASSETS
Stocks 1,685 2,672
Debtors 6 85,069 80,286
Cash at bank 707,675 658,275
794,429 741,233
CREDITORS
Amounts falling due within one year 7 (90,758 ) (76,176 )
NET CURRENT ASSETS 703,671 665,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

767,776

741,138

CREDITORS
Amounts falling due after more than one
year

8

-

(40,673

)

PROVISIONS FOR LIABILITIES - (776 )
NET ASSETS 767,776 699,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 767,676 699,589
SHAREHOLDERS' FUNDS 767,776 699,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MR Refrigeration (S.W.) Ltd (Registered number: 07848747)

Balance Sheet - continued
31 December 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 28 February 2025 and were signed by:





M Robinson - Director


MR Refrigeration (S.W.) Ltd (Registered number: 07848747)

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

1. STATUTORY INFORMATION

MR Refrigeration (S.W.) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 25% on reducing balance and 20% 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.

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.

MR Refrigeration (S.W.) Ltd (Registered number: 07848747)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 180,000
AMORTISATION
At 1 January 2024 108,000
Charge for year 9,000
At 31 December 2024 117,000
NET BOOK VALUE
At 31 December 2024 63,000
At 31 December 2023 72,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,620 51,830 989 56,439
Additions - - 624 624
Disposals - (51,830 ) - (51,830 )
At 31 December 2024 3,620 - 1,613 5,233
DEPRECIATION
At 1 January 2024 3,462 48,599 297 52,358
Charge for year 40 - 329 369
Eliminated on disposal - (48,599 ) - (48,599 )
At 31 December 2024 3,502 - 626 4,128
NET BOOK VALUE
At 31 December 2024 118 - 987 1,105
At 31 December 2023 158 3,231 692 4,081

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 85,069 80,286

MR Refrigeration (S.W.) Ltd (Registered number: 07848747)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 651 17,695
Tax 41,910 32,572
Social security and other taxes 593 497
VAT 36,587 23,518
Pension control 267 199
Directors' current accounts 7,719 -
Accruals and deferred income 3,031 1,695
90,758 76,176

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Directors' loan accounts - 40,673

9. RELATED PARTY DISCLOSURES

The company owed the director £7,719 at the year end (2023 - £40,672). This loan is interest free and is repayable upon demand of the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Robinson.