IRIS Accounts Production v23.3.0.418 03718680 director 1.4.22 31.3.23 31.3.23 false true false false true false A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037186802022-03-31037186802023-03-31037186802022-04-012023-03-31037186802021-03-31037186802021-04-012022-03-31037186802022-03-3103718680ns10:Originalns15:EnglandWales2022-04-012023-03-3103718680ns14:PoundSterlingns10:Original2022-04-012023-03-3103718680ns10:Originalns10:Director12022-04-012023-03-3103718680ns10:Original2022-04-012023-03-3103718680ns10:Original2023-03-3103718680ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103718680ns10:Originalns10:SmallEntities2022-04-012023-03-3103718680ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103718680ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103718680ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103718680ns10:Originalns10:FullAccounts2022-04-012023-03-3103718680ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3103718680ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103718680ns10:Original2022-03-3103718680ns10:Originalns5:CurrentFinancialInstruments2023-03-3103718680ns10:Originalns5:CurrentFinancialInstruments2022-03-3103718680ns5:ShareCapitalns10:Original2023-03-3103718680ns5:ShareCapitalns10:Original2022-03-3103718680ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103718680ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103718680ns10:Originalns5:PlantMachinery2022-04-012023-03-3103718680ns10:Original2021-04-012022-03-3103718680ns10:Originalns5:PlantMachinery2022-03-3103718680ns10:Originalns5:PlantMachinery2023-03-3103718680ns10:Originalns5:PlantMachinery2022-03-3103718680ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103718680ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103718680ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 03718680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MGT ASSOCIATES LIMITED

MGT ASSOCIATES LIMITED (REGISTERED NUMBER: 03718680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MGT ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr C M H Steeper





REGISTERED OFFICE: 6 Langdale Court
Witney
Oxfordshire
OX28 6FG





REGISTERED NUMBER: 03718680 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG

MGT ASSOCIATES LIMITED (REGISTERED NUMBER: 03718680)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,456

CURRENT ASSETS
Debtors 5 1,733 4,180
Cash at bank 1,413 10,336
3,146 14,516
CREDITORS
Amounts falling due within one year 6 18,170 15,418
NET CURRENT LIABILITIES (15,024 ) (902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,024

)

1,554

PROVISIONS FOR LIABILITIES - 467
NET (LIABILITIES)/ASSETS (15,024 ) 1,087

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (15,026 ) 1,085
SHAREHOLDERS' FUNDS (15,024 ) 1,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 3 October 2023 and were signed by:




Mr C M H Steeper - Director


MGT ASSOCIATES LIMITED (REGISTERED NUMBER: 03718680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The nature of the company's operations and principal activity is that of consultancy services. The company's principal place of business is Swindon, Wiltshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.
Computer Equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment
£   
COST
At 1 April 2022 8,530
Disposals (8,530 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 6,074
Eliminated on disposal (6,074 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 3,878
Other debtors 1,733 302
1,733 4,180

MGT ASSOCIATES LIMITED (REGISTERED NUMBER: 03718680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other taxes 276 -
Directors' current accounts 14,625 13,937
Accrued expenses 3,269 1,481
18,170 15,418

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 A Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C M H Steeper.