MRC SERVICES UK LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04442201 (England and Wales)

Financial Statements for the Year Ended 31 May 2020

for

MRC SERVICES UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Bauer

REGISTERED OFFICE:

14 Egmont Avenue

Surbiton

Surrey

KT6 7AU

REGISTERED NUMBER:

04442201 (England and Wales)

ACCOUNTANTS:

McDONNELL&CO

Chartered Certified Accountants

5 Bede House

Saxon Close

Surbiton

Surrey

KT6 6BP

BANKERS:

Abbey National Plc

Business Banking Centre

Abbey National House

301 St Vincent Street

Glasgow

G2 5NB

FIXED ASSETS

Tangible assets

4

4,937

4,325

CURRENT ASSETS

Stocks

1,395

1,238

Debtors

5

12,225

4,369

Cash at bank

2,573

10

16,193

5,617

CREDITORS

Amounts falling due within one year

6

19,580

25,527

NET CURRENT LIABILITIES

(3,387

)

(19,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,550

(15,585

)

CREDITORS

Amounts falling due after more than one year

7

5,000

-

NET LIABILITIES

(3,450

)

(15,585

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(3,452

)

(15,587

)

SHAREHOLDERS' FUNDS

(3,450

)

(15,585

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 February 2021 and were signed by:

Mr R Bauer - Director

1.	STATUTORY INFORMATION

MRC SERVICES UK LIMITED 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 the cost less estimated residual value of each asset over its estimated useful life.

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 June 2019

14,273

Additions

1,847

At 31 May 2020

16,120

DEPRECIATION

At 1 June 2019

9,948

Charge for year

1,235

At 31 May 2020

11,183

NET BOOK VALUE

At 31 May 2020

4,937

At 31 May 2019

4,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade debtors

12,225

4,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans and overdrafts

-

999

Trade creditors

1,395

482

Taxation and social security

5,401

4,209

Other creditors

12,784

19,837

19,580

25,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans

5,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,000

-