MMER Ltd

MMER Ltd

MMER LIMITED - Company Information

Print Friendly Version

1 November 2019 false No description of principal activity Taxfiler 2021.8 SC349602business:PrivateLimitedCompanyLtd2019-11-012020-10-31 SC3496022019-10-31 SC3496022019-11-012020-10-31 SC349602business:AuditExemptWithAccountantsReport2019-11-012020-10-31 SC349602business:FullAccounts2019-11-012020-10-31 SC3496022020-10-31 SC349602business:Director12019-11-012020-10-31 SC349602business:Director22019-11-012020-10-31 SC349602business:RegisteredOffice2019-11-012020-10-31 SC3496022019-10-31 SC349602core:WithinOneYear2020-10-31 SC349602core:WithinOneYear2019-10-31 SC349602core:ShareCapital2020-10-31 SC349602core:ShareCapital2019-10-31 SC349602core:RetainedEarningsAccumulatedLosses2020-10-31 SC349602core:RetainedEarningsAccumulatedLosses2019-10-31 SC349602business:SmallEntities2019-11-012020-10-31 SC349602countries:Scotland2019-11-012020-10-31 SC349602core:PlantMachinery2019-11-012020-10-31 SC349602core:FurnitureFittings2019-10-31 SC349602core:FurnitureFittings2020-10-31 SC349602core:FurnitureFittings2019-11-012020-10-31 SC3496022018-11-012019-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC349602 (Scotland)
MMER Ltd Unaudited accounts for the year ended 31 October 2020
MMER Ltd Unaudited accounts Contents
Page
- 2 -
MMER Ltd Company Information for the year ended 31 October 2020
Directors
Ewan Ramsay Elizabeth Ramsay
Company Number
SC349602 (Scotland)
Registered Office
7 Dryburn Brae West Linton Peeblesshire EH46 7JG
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
- 3 -
MMER Ltd Accountants' report
Accountants' report to the board of directors of MMER Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MMER Ltd for the year ended 31 October 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MMER Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MMER Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MMER Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MMER Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MMER Ltd. You consider that MMER Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MMER Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE 3 December 2020
- 4 -
MMER Ltd Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
754 
1,006 
Current assets
Debtors
5
13,528 
12,723 
Cash at bank and in hand
99 
3,764 
13,627 
16,487 
Creditors: amounts falling due within one year
6
(8,310)
(8,296)
Net current assets
5,317 
8,191 
Net assets
6,071 
9,197 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,069 
9,195 
Shareholders' funds
6,071 
9,197 
For the year ending 31 October 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 3 December 2020 and were signed on its behalf by
Ewan Ramsay Director Company Registration No. SC349602
- 5 -
MMER Ltd Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
MMER Ltd is a private company, limited by shares, registered in Scotland, registration number SC349602. The registered office is 7 Dryburn Brae, West Linton, Peeblesshire, EH46 7JG.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2019
10,045 
At 31 October 2020
10,045 
Depreciation
At 1 November 2019
9,039 
Charge for the year
252 
At 31 October 2020
9,291 
Net book value
At 31 October 2020
754 
At 31 October 2019
1,006 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
12,481 
12,231 
Accrued income and prepayments
1,045 
495 
Other debtors
2 
(3)
13,528 
12,723 
- 6 -
MMER Ltd Notes to the Accounts for the year ended 31 October 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
7,113 
7,787 
Loans from directors
190 
- 
Accruals
1,007 
509 
8,310 
8,296 
7
Transactions with related parties
At the end of the year the company was owed £11,981 (2019 - £12,481) by Ewan Ramsay Business Development, a business owned by director Ewan Ramsay.
8
Average number of employees
During the year the average number of employees was 2 (2019: 1).
- 7 -