MR & GD Limited 09255868 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is acting as an agent for goods and commodity sales. Digita Accounts Production Advanced 6.30.9574.0 true true 09255868 2023-11-01 2024-10-31 09255868 2024-10-31 09255868 bus:Director1 1 2024-10-31 09255868 bus:Director2 1 2024-10-31 09255868 core:RetainedEarningsAccumulatedLosses 2024-10-31 09255868 core:ShareCapital 2024-10-31 09255868 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09255868 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 09255868 core:FurnitureFittingsToolsEquipment 2024-10-31 09255868 core:LandBuildings 2024-10-31 09255868 bus:SmallEntities 2023-11-01 2024-10-31 09255868 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09255868 bus:FilletedAccounts 2023-11-01 2024-10-31 09255868 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09255868 bus:RegisteredOffice 2023-11-01 2024-10-31 09255868 bus:Director1 2023-11-01 2024-10-31 09255868 bus:Director1 1 2023-11-01 2024-10-31 09255868 bus:Director2 2023-11-01 2024-10-31 09255868 bus:Director2 1 2023-11-01 2024-10-31 09255868 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09255868 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 09255868 core:LandBuildings 2023-11-01 2024-10-31 09255868 core:PlantMachinery 2023-11-01 2024-10-31 09255868 countries:AllCountries 2023-11-01 2024-10-31 09255868 2023-10-31 09255868 bus:Director1 1 2023-10-31 09255868 bus:Director2 1 2023-10-31 09255868 core:FurnitureFittingsToolsEquipment 2023-10-31 09255868 core:LandBuildings 2023-10-31 09255868 2022-11-01 2023-10-31 09255868 2023-10-31 09255868 bus:Director1 1 2023-10-31 09255868 bus:Director2 1 2023-10-31 09255868 core:RetainedEarningsAccumulatedLosses 2023-10-31 09255868 core:ShareCapital 2023-10-31 09255868 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09255868 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 09255868 core:FurnitureFittingsToolsEquipment 2023-10-31 09255868 core:LandBuildings 2023-10-31 09255868 bus:Director1 1 2022-11-01 2023-10-31 09255868 bus:Director2 1 2022-11-01 2023-10-31 09255868 bus:Director1 1 2022-10-31 09255868 bus:Director2 1 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 09255868

MR & GD Limited
Filleted Unaudited Financial Statements
for the Year Ended 31 October 2024

MR & GD Limited

(Registration number: 09255868)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 29,820 | 4,030
Current assets |  |  |
Debtors | 5 | 1,443,085 | 1,501,583
Cash at bank and in hand |  | 73,626 | 135,599
|  | 1,516,711 | 1,637,182
Creditors: Amounts falling due within one year | 6 | (262,438) | (369,118)
Net current assets |  | 1,254,273 | 1,268,064
Total assets less current liabilities |  | 1,284,093 | 1,272,094
Creditors: Amounts falling due after more than one year | 6 | (16,759) | (26,646)
Net assets |  | 1,267,334 | 1,245,448
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 1,267,332 | 1,245,446
Total equity |  | 1,267,334 | 1,245,448

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:

MR & GD Limited

(Registration number: 09255868)
Balance Sheet as at 31 October 2024

......................................... R Springer Director

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2ND Floor
Parkgates Bury New Road
Prestwich
Manchester
Uk
M25 0TL
England

These financial statements were authorised for issue by the Board on 23 January 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2023 | - | 14,272 | 14,272
Additions | 31,367 | 4,362 | 35,729
At 31 October 2024 | 31,367 | 18,634 | 50,001
Depreciation
At 1 November 2023 | - | 10,242 | 10,242
Charge for the year | 7,842 | 2,097 | 9,939
At 31 October 2024 | 7,842 | 12,339 | 20,181
Carrying amount
At 31 October 2024 | 23,525 | 6,295 | 29,820
At 31 October 2023 | - | 4,030 | 4,030

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 496,044 | 790,336
Prepayments | 89 | 89
Other debtors | 946,952 | 711,158
| 1,443,085 | 1,501,583

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 294 | 2,844
Taxation and social security | 239,191 | -
Accruals and deferred income | 3,400 | 1,700
Other creditors | 19,553 | 364,574
| 262,438 | 369,118

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 16,759 | 26,646

7 | Related party transactions

MR & GD Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Transactions with directors

2024 | At 1 November 2023 £ | Advances to director £ | At 31 October 2024 £
R Springer
Short term non interest bearing loan | 8,543 | 56,247 | 64,790
G D Springer
Sort term non interest bearing loan | 8,543 | 56,247 | 64,790

2023 | At 1 November 2022 £ | Advances to director £ | Repayments by director £ | At 31 October 2023 £
R Springer
Short term non interest bearing loan | 8,176 | 366 | - | 8,543
G D Springer
Sort term non interest bearing loan | 8,626 | - | (84) | 8,543