1 January 2024 false No description of principal activity Taxfiler 2024.6 13073082business:PrivateLimitedCompanyLtd2024-01-012024-12-31 130730822023-12-31 130730822024-01-012024-12-31 13073082business:AuditExemptWithAccountantsReport2024-01-012024-12-31 13073082business:FilletedAccounts2024-01-012024-12-31 130730822024-12-31 13073082business:Director12024-01-012024-12-31 13073082business:Director22024-01-012024-12-31 13073082business:Director32024-01-012024-12-31 13073082business:RegisteredOffice2024-01-012024-12-31 130730822023-12-31 13073082core:WithinOneYear2024-12-31 13073082core:WithinOneYear2023-12-31 13073082core:AfterOneYear2024-12-31 13073082core:AfterOneYear2023-12-31 13073082core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13073082core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13073082core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 13073082core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 13073082core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13073082core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13073082core:PreviouslyStatedAmount2024-12-31 13073082core:PreviouslyStatedAmount2023-12-31 13073082business:SmallEntities2024-01-012024-12-31 13073082countries:EnglandWales2024-01-012024-12-31 13073082core:LandBuildings2024-01-012024-12-31 13073082core:FurnitureFittings2024-01-012024-12-31 13073082core:LandBuildings2023-12-31 13073082core:FurnitureFittings2023-12-31 13073082core:ComputerEquipment2023-12-31 13073082core:ComputerEquipment2024-01-012024-12-31 13073082core:LandBuildings2024-12-31 13073082core:FurnitureFittings2024-12-31 13073082core:ComputerEquipment2024-12-31 13073082business:OrdinaryShareClass12024-01-012024-12-31 13073082business:OrdinaryShareClass12023-01-012023-12-31 130730822023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13073082 (England and Wales)
MRMU CO OP LIMITED Unaudited accounts for the year ended 31 December 2024
MRMU CO OP LIMITED Unaudited accounts Contents
Page
- 2 -
MRMU CO OP LIMITED Company Information for the year ended 31 December 2024
Directors
Ian Christopher Humby Mark Richard Upton Justyn Miles Wilson Waterworth
Company Number
13073082 (England and Wales)
Registered Office
3RD FLOOR 18 SAVILE ROW LONDON W1S 3PW
Accountants
Tailored Accounting Ltd Tailored Offices Tortoiseshell Walk Little Paxton St Neots Cambridgeshire PE19 6TS
- 3 -
MRMU CO OP LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,717,401 
1,503,157 
Current assets
Inventories
555,496 
330,599 
Debtors
468,399 
389,459 
Cash at bank and in hand
596,271 
337,034 
1,620,166 
1,057,092 
Creditors: amounts falling due within one year
(1,541,003)
(905,778)
Net current assets
79,163 
151,314 
Total assets less current liabilities
2,796,564 
1,654,471 
Creditors: amounts falling due after more than one year
(725,320)
(324,558)
Net assets
2,071,244 
1,329,913 
Capital and reserves
Called up share capital
1,844,971 
1,497,757 
Share premium
363,717 
199,941 
Profit and loss account
(137,444)
(367,785)
Shareholders' funds
2,071,244 
1,329,913 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by
Justyn Miles Wilson Waterworth Director Company Registration No. 13073082
- 4 -
MRMU CO OP LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MRMU CO OP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13073082. The registered office is 3RD FLOOR 18 SAVILE ROW, LONDON, W1S 3PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 Years
Fixtures & fittings
10 Years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
MRMU CO OP LIMITED Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
68,870 
1,812,724 
915 
1,882,509 
Additions
33,105 
1,460,308 
- 
1,493,413 
At 31 December 2024
101,975 
3,273,032 
915 
3,375,922 
Depreciation
At 1 January 2024
6,521 
372,730 
101 
379,352 
Charge for the year
6,247 
272,922 
- 
279,169 
At 31 December 2024
12,768 
645,652 
101 
658,521 
Net book value
At 31 December 2024
89,207 
2,627,380 
814 
2,717,401 
At 31 December 2023
62,349 
1,439,994 
814 
1,503,157 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
42,640 
21,917 
Trade debtors
63,490 
90,463 
Deferred tax asset
32,608 
118,440 
Accrued income and prepayments
143,143 
50,537 
Other debtors
186,518 
108,102 
468,399 
389,459 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
213,446 
68,448 
Trade creditors
1,072,644 
568,234 
Taxes and social security
2,006 
11,676 
Other creditors
105,362 
147,390 
Accruals
147,545 
110,030 
1,541,003 
905,778 
- 6 -
MRMU CO OP LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
725,320 
324,558 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,844,971 Ordinary shares of £1 each
1,844,971 
1,497,757 
Shares issued during the period:
347,214 Ordinary shares of £1 each
347,214 
9
Average number of employees
During the year the average number of employees was 97 (2023: 55).
- 7 -