REGISTERED NUMBER: 02311887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

MLR NETWORKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Wilkie

I Morris

REGISTERED OFFICE:

Unit 9, Beeston Court

Stuart Road

Manor Park

Runcorn

Cheshire

WA7 1SS

REGISTERED NUMBER:

02311887 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

475,126

484,498

CURRENT ASSETS

Stocks

55,240

125,484

Debtors

5

1,760,895

1,372,334

Cash at bank and in hand

921,686

1,669,266

2,737,821

3,167,084

CREDITORS

Amounts falling due within one year

6

1,587,814

2,288,170

NET CURRENT ASSETS

1,150,007

878,914

TOTAL ASSETS LESS CURRENT LIABILITIES

1,625,133

1,363,412

CREDITORS

Amounts falling due after more than one year

7

(29,990

)

(43,128

)

PROVISIONS FOR LIABILITIES

(57,754

)

(58,771

)

NET ASSETS

1,537,389

1,261,513

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium account

611,835

611,835

Retained earnings

924,554

648,678

1,537,389

1,261,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 17th July 2026 and were signed on its behalf by:

I Morris - Director

J D Wilkie - Director

1.	STATUTORY INFORMATION

MLR Networks 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 55 (2025 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st February 2025

376,809

68,548

53,432

Additions

-

10,490

2,642

At 31st January 2026

376,809

79,038

56,074

DEPRECIATION

At 1st February 2025

20,048

56,251

13,324

Charge for year

7,536

4,643

7,137

At 31st January 2026

27,584

60,894

20,461

NET BOOK VALUE

At 31st January 2026

349,225

18,144

35,613

At 31st January 2025

356,761

12,297

40,108

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st February 2025

126,555

55,272

680,616

Additions

-

31,649

44,781

At 31st January 2026

126,555

86,921

725,397

DEPRECIATION

At 1st February 2025

76,178

30,317

196,118

Charge for year

18,917

15,920

54,153

At 31st January 2026

95,095

46,237

250,271

NET BOOK VALUE

At 31st January 2026

31,460

40,684

475,126

At 31st January 2025

50,377

24,955

484,498

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

Motor

vehicles

£

COST

At 1st February 2025

123,555

Transfer to ownership

(47,890

)

At 31st January 2026

75,665

DEPRECIATION

At 1st February 2025

73,178

Charge for year

18,917

Transfer to ownership

(47,890

)

At 31st January 2026

44,205

NET BOOK VALUE

At 31st January 2026

31,460

At 31st January 2025

50,377

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

907,809

764,439

Amounts owed by group undertakings

357,041

407,336

Other debtors

496,045

200,559

1,760,895

1,372,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts (see note 8)

11,286

12,175

Trade creditors

191,903

472,004

Taxation and social security

345,360

351,919

Other creditors

1,039,265

1,452,072

1,587,814

2,288,170

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts (see note 8)

29,990

43,128

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.26

31.1.25

£

£

Net obligations repayable:

Within one year

11,286

12,175

Between one and five years

29,990

43,128

41,276

55,303

Non-cancellable

operating leases

31.1.26

31.1.25

£

£

Within one year

14,194

16,252

Between one and five years

508,016

514,150

522,210

530,402

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Hire purchase contracts

41,276

55,303

Hire purchase contracts are secured on the assets to which they relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2026 and 31st January 2025:

31.1.26

31.1.25

£

£

I Morris

Balance outstanding at start of year

(12,955

)

(924

)

Amounts advanced

111,001

112,969

Amounts repaid

-

(125,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

98,046

(12,955

)

J D Wilkie

Balance outstanding at start of year

89,694

101,030

Amounts advanced

107,369

130,664

Amounts repaid

(9,100

)

(142,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

187,963

89,694

Directors' loan are unsecured, interest free and repayable on demand.