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
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
MRMU CO OP LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
2,717,401
1,503,157
Inventories
555,496
330,599
Cash at bank and in hand
596,271
337,034
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
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
MRMU CO OP LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
10 Years
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 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.
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 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.
MRMU CO OP LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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
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
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
Amounts falling due within one year
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
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
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
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).