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REGISTERED NUMBER: 03295764 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Management Tests & Surveys Ltd

Management Tests & Surveys Ltd (Registered number: 03295764)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Management Tests & Surveys Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs L J Leahy
D J Leahy





SECRETARY: Mrs L J Leahy





REGISTERED OFFICE: C/o Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ





REGISTERED NUMBER: 03295764 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Management Tests & Surveys Ltd (Registered number: 03295764)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,397 14,789

CURRENT ASSETS
Debtors 5 115,542 125,396
Cash at bank and in hand 18,576 4,459
134,118 129,855
CREDITORS
Amounts falling due within one year 6 17,553 31,005
NET CURRENT ASSETS 116,565 98,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,962

113,639

CREDITORS
Amounts falling due after more than one year 7 (73,479 ) (53,047 )

PROVISIONS FOR LIABILITIES (3,656 ) (3,656 )
NET ASSETS 50,827 56,936

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 50,727 56,836
SHAREHOLDERS' FUNDS 50,827 56,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Management Tests & Surveys Ltd (Registered number: 03295764)

Balance Sheet - continued
31 December 2021


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 24 May 2022 and were signed on its behalf by:




Mrs L J Leahy - Director



D J Leahy - Director


Management Tests & Surveys Ltd (Registered number: 03295764)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Management Tests & Surveys 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.

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.

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 6 (2020 - 6 ) .

Management Tests & Surveys Ltd (Registered number: 03295764)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 48,855 110,782 159,637
DEPRECIATION
At 1 January 2021 45,802 99,046 144,848
Charge for year 458 2,934 3,392
At 31 December 2021 46,260 101,980 148,240
NET BOOK VALUE
At 31 December 2021 2,595 8,802 11,397
At 31 December 2020 3,053 11,736 14,789

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1 January 2021
and 31 December 2021 4,231
DEPRECIATION
At 1 January 2021 1,882
Charge for year 352
At 31 December 2021 2,234
NET BOOK VALUE
At 31 December 2021 1,997
At 31 December 2020 2,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 3,410 14,264
Amounts owed by group undertakings 112,132 111,132
115,542 125,396

Management Tests & Surveys Ltd (Registered number: 03295764)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 2,805 6,036
Trade creditors 230 920
Tax 3,929 1,976
Social security and other taxes 846 1,984
VAT 7,131 15,154
Other creditors 274 -
Credit card 123 2,668
Directors' current accounts 60 2
Accrued expenses 2,155 2,265
17,553 31,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Other loans (see note 8) 73,479 50,000
Hire purchase contracts - 3,047
73,479 53,047

8. LOANS

An analysis of the maturity of loans is given below:

31.12.21 31.12.20
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 73,479 50,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2021 56,836
Profit for the year 24,311
Dividends (30,420 )
At 31 December 2021 50,727