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REGISTERED NUMBER: 09535458 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MRM Commercial Ltd

MRM Commercial Ltd (Registered number: 09535458)






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


MRM Commercial Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Martin





REGISTERED OFFICE: 269 Finchampstead Road
Wokingham
Berkshire
RG40 3JT





REGISTERED NUMBER: 09535458 (England and Wales)





ACCOUNTANT: Ian S Anderson, Chartered Accountant
Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW

MRM Commercial Ltd (Registered number: 09535458)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,653 22,163

CURRENT ASSETS
Stocks 2,593 2,038
Debtors 5 78,586 72,953
Cash at bank 5,247 6,003
86,426 80,994
CREDITORS
Amounts falling due within one year 6 193,103 168,530
NET CURRENT LIABILITIES (106,677 ) (87,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,024

)

(65,373

)

CREDITORS
Amounts falling due after more than one
year

7

15,026

29,531
NET LIABILITIES (105,050 ) (94,904 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (105,051 ) (94,905 )
SHAREHOLDERS' FUNDS (105,050 ) (94,904 )

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.

MRM Commercial Ltd (Registered number: 09535458)

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 27 March 2025 and were signed by:





M Martin - Director


MRM Commercial Ltd (Registered number: 09535458)

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

1. STATUTORY INFORMATION

MRM Commercial 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.

In the opinion of the director the company will have sufficient funds to trade satisfactorily for the foreseeable future based on arrangements to settle outstanding tax liabilities by instalment and consequently these financial statements have been prepared on a going concern basis. Covid-19 and Brexit should not impact adversely on that basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

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
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.

MRM Commercial Ltd (Registered number: 09535458)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 97,361
Additions 15,048
Disposals (6,440 )
At 31 March 2024 105,969
DEPRECIATION
At 1 April 2023 75,198
Charge for year 18,948
Eliminated on disposal (4,830 )
At 31 March 2024 89,316
NET BOOK VALUE
At 31 March 2024 16,653
At 31 March 2023 22,163

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

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 79,230
DEPRECIATION
At 1 April 2023 63,302
Charge for year 12,933
At 31 March 2024 76,235
NET BOOK VALUE
At 31 March 2024 2,995
At 31 March 2023 15,928

MRM Commercial Ltd (Registered number: 09535458)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,643 18,188
Other debtors 57,943 54,765
78,586 72,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 3,905 6,976
Trade creditors 17,813 31,160
Taxation and social security 152,655 102,662
Other creditors 8,730 17,732
193,103 168,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts and finance leases 3,359 7,864
15,026 29,531

8. RELATED PARTY DISCLOSURES

There was an interest free balance owing from the controlling director of £38,901 (2023 £36,522) at the balance sheet date. As detailed in the tax note the company has paid HMRC a charge at 32.5% on this loan. The total of £12,643 under Section 455 Corporation Tax Act 2010 in respect of this loan is refundable as the loan decreases.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Martin.