MRL CONSULTING GROUP LIMITED

MRL CONSULTING GROUP LIMITED

MRL CONSULTING GROUP LIMITED - Company Information

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MRL CONSULTING GROUP LIMITED

Company Registration Number:
03359812 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2017

Period of accounts

Start date: 31 December 2016

End date: 30 December 2017

MRL CONSULTING GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2017

Balance sheet
Notes

MRL CONSULTING GROUP LIMITED

Balance sheet

As at 30 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 40,809 12,446
Investments: 4 44,472 240,644
Total fixed assets: 85,281 253,090
Current assets
Debtors: 5 1,074,323 731,609
Cash at bank and in hand: 80,937 69,688
Total current assets: 1,155,260 801,297
Creditors: amounts falling due within one year: 6 (1,428,156) (1,105,299)
Net current assets (liabilities): (272,896) (304,002)
Total assets less current liabilities: (187,615) (50,912)
Total net assets (liabilities): (187,615) (50,912)
Capital and reserves
Called up share capital: 100 300
Share premium account: 197,487 198,109
Other reserves: 10 10
Profit and loss account: (385,212) (249,331)
Shareholders funds: (187,615) (50,912)

The notes form part of these financial statements

MRL CONSULTING GROUP LIMITED

Balance sheet statements

For the year ending 30 December 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2018
and signed on behalf of the board by:

Name: David Stone
Status: Director

The notes form part of these financial statements

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

2. Employees

2017 2016
Average number of employees during the period 28 27

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

3. Tangible Assets

Total
Cost £
At 31 December 2016 137,712
Additions 39,817
Disposals (87,572)
At 30 December 2017 89,957
Depreciation
At 31 December 2016 125,266
Charge for year 9,929
On disposals (86,047)
At 30 December 2017 49,148
Net book value
At 30 December 2017 40,809
At 30 December 2016 12,446

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

4. Fixed investments

The following are wholly-owned subsidiaries :-MRL Consulting GmbH (Germany) £ 22,183MRL Consulting SARL (France) £ 22,183MRL Consulting Group Pte Ltd SG$ 1Microscape Employee Trustee Co Ltd £ 100MRL Contracting and Interim Solutions Ltd £ 1MRL V Ltd £ 1There is also a 20% share in Energy Search Collective Ltd £4Microscape Property Limited left the group as part of a demerger in April 2017

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

5. Debtors

Trade debtors £ 734,986, Group undertakings £ 197,646, Associated undertakings £ 31,676, Prepayments £ 73,694, Other debtors £ 36,321

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

6. Creditors: amounts falling due within one year note

Trade creditors £ 79,410 , Group undertakings £ 668,783 , Associated undertakings £ 10,113 , Taxation £ 187,374, Invoice Financing £ 232,583, Accruals £ 225,992Other creditors £ 23,901

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

7. Financial commitments

At 31 December 2017, the company had annual commitments under non-cancellable operating leases as follows :-Between 2 and 5 years £ 67,125 Land and buildingsBetween 2 and 5 years £ 3,645 other

MRL CONSULTING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2017

8. Related party transactions

There was trading between this company and wholly owned subsidiaries as follows :-MRL Consulting GmbH £ 200,515 sales, £ 1,610,440 purchasesMRL Consulting SARL £ -64,518 sales, £ 984,134 purchasesMicroscape Property Ltd £ 1,200 sales, £ 7,800 purchases