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REGISTERED NUMBER: 09664504 (England and Wales)











Mintelec Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022






Mintelec Limited (Registered number: 09664504)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Mintelec Limited

Company Information
for the Year Ended 31 March 2022







Director: D T Minton





Secretary: Mrs K L Minton





Registered office: 76 Manchester Road
Denton
Manchester
M34 3PS





Registered number: 09664504 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
76 Manchester Road
Denton
Manchester
M34 3PS

Mintelec Limited (Registered number: 09664504)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
Fixed assets
Tangible assets 4 11,787 15,089

Current assets
Stocks 1,500 1,000
Debtors 5 474 1,624
Cash at bank 10,434 12,010
12,408 14,634
Creditors
Amounts falling due within one year 6 (12,134 ) (14,147 )
Net current assets 274 487
Total assets less current liabilities 12,061 15,576

Creditors
Amounts falling due after more than one
year

7

(3,923

)

(8,631

)

Provisions for liabilities (2,333 ) (2,866 )
Net assets 5,805 4,079

Capital and reserves
Called up share capital 200 200
Retained earnings 5,605 3,879
Shareholders' funds 5,805 4,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Mintelec Limited (Registered number: 09664504)

Balance Sheet - continued
31 March 2022


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 16 September 2022 and were signed by:





D T Minton - Director


Mintelec Limited (Registered number: 09664504)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. Statutory information

Mintelec 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Government grants
Government grants are accounted for on a receivable basis.

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

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.

Mintelec Limited (Registered number: 09664504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 3 (2021 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2021 35,388
Additions 1,632
Disposals (478 )
At 31 March 2022 36,542
Depreciation
At 1 April 2021 20,299
Charge for year 4,896
Eliminated on disposal (440 )
At 31 March 2022 24,755
Net book value
At 31 March 2022 11,787
At 31 March 2021 15,089

Mintelec Limited (Registered number: 09664504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost
At 1 April 2021
and 31 March 2022 27,589
Depreciation
At 1 April 2021 15,950
Charge for year 2,910
At 31 March 2022 18,860
Net book value
At 31 March 2022 8,729
At 31 March 2021 11,639

5. Debtors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Other debtors 474 1,624

6. Creditors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Hire purchase contracts 4,708 4,708
Trade creditors 1,202 943
Taxation and social security 4,222 5,451
Other creditors 2,002 3,045
12,134 14,147

7. Creditors: amounts falling due after more than one year
31.3.22 31.3.21
£    £   
Hire purchase contracts 3,923 8,631