MRE Services Ltd


FINANCIAL STATEMENTS


for the year ended 31st August 2024



MRE Services Ltd

CONTENTS

for the year ended 31st August 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

MRE Services Ltd

Company No. 13588784

STATEMENT OF FINANCIAL POSITION

as at 31st August 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment412592938389
12592938389
CURRENT ASSETS
Stocks52904-
Debtors66575120293
Cash at bank and in hand116467137926
185122158219
CURRENT LIABILITIES
Creditors: amounts falling due
within one year712171394398
NET CURRENT ASSETS6340963821
TOTAL ASSETS LESS CURRENT LIABILITIES189338102210
 
Creditors: amounts falling due
after more than one year83538730000
 
NET ASSETS15395172210
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings15385172110
SHAREHOLDERS FUNDS15395172210

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st August 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 29 May 2025


M Rawsthorne

Director

Company Number 13588784 (England)

MRE Services Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st August 2024


1   Statutory information

MRE Services Ltd is a private company limited by shares and registered under company number 13588784 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 1 (2023 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st September 2023 -44852166646518
Additions739002229524427120622
At 31st August 2024739006714726093167140
 
Depreciation
At 1st September 2023 -76654648129
Charge for year1923812437140733082
At 31st August 20241923820102187141211
 
Net Book Value
At 31st August 2024546624704524222125929
At 31st August 2023-37187120238389
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 31st August 202454163--54163
At 31st August 2023----

5   Stocks20242023
££
 
Work in progress2904-
2904-

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors494869284
Other debtors1626511009
6575120293

7   Creditors: amounts falling due within one year20242023
££
 
Obligations under finance lease and hire purchase contracts10913-
Trade Creditors4264631822
Corporation tax708410098
Other creditors5217023578
Accruals and deferred income890028900
12171394398

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts-30000
Obligations under finance lease and hire purchase contracts35387-
3538730000

9   Loans20242023
££
Analysis of maturity of debt:
 
Between one and five years-30000
-30000

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
M Rawsthorne345366118
345366118

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