Company Registration No. 07746709 (England and Wales)
M.R. DRAINS LTD
Unaudited accounts
for the year ended 31 August 2022
M.R. DRAINS LTD
Statement of financial position
as at 31 August 2022
Tangible assets
71,738
60,698
Cash at bank and in hand
185,897
207,079
Creditors: amounts falling due within one year
(81,424)
(80,027)
Net current assets
360,554
248,503
Total assets less current liabilities
432,292
309,201
Creditors: amounts falling due after more than one year
(89,405)
(92,356)
Provisions for liabilities
Net assets
340,790
216,845
Called up share capital
15
15
Profit and loss account
340,775
216,830
Shareholders' funds
340,790
216,845
For the year ending 31 August 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 25 May 2023 and were signed on its behalf by
Matthew Roberts
Director
Company Registration No. 07746709
M.R. DRAINS LTD
Notes to the Accounts
for the year ended 31 August 2022
M.R. DRAINS LTD is a private company, limited by shares, registered in England and Wales, registration number 07746709. The registered office is Highclere House, Church Road, Windlesham, Surrey, GU20 6BS.
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.
These financial statements for the year ended 31 August 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Total
At 1 September 2021
125,081
At 1 September 2021
64,383
Charge for the year
15,789
5
Average number of employees
During the year the average number of employees was 2 (2021: 2).