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COMPANY REGISTRATION NUMBER: 03748182
MT2 Limited
Filleted Unaudited Financial Statements
31 December 2021
MT2 Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
Current assets
Debtors
4
( 12,291)
( 12,291)
Cash at bank and in hand
28
28
--------
--------
( 12,263)
( 12,263)
Creditors: amounts falling due within one year
5
21,402
21,402
--------
--------
Net current liabilities
33,665
33,665
--------
--------
Total assets less current liabilities
( 33,665)
( 33,665)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 33,765)
( 33,765)
--------
--------
Shareholders deficit
( 33,665)
( 33,665)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 September 2022 , and are signed on behalf of the board by:
Mr N P Macklin
Director
Company registration number: 03748182
MT2 Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Starbank House, Stars Lane, Dinton, Aylesbury, Buckinghamshire, HP17 8UL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2021
2020
£
£
Trade debtors
( 12,491)
( 12,491)
Other debtors
200
200
--------
--------
( 12,291)
( 12,291)
--------
--------
5. Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
17,205
17,205
Social security and other taxes
4,197
4,197
--------
--------
21,402
21,402
--------
--------
6. Related party transactions
The company was under the control of Mr Macklin throughout the current and previous year. Mr Macklin is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.