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REGISTERED NUMBER: 07295419 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Materials Testing And Technical Services
Ltd

Materials Testing And Technical Services
Ltd (Registered number: 07295419)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Materials Testing And Technical Services
Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C H Bradsell
V G Izzard





REGISTERED OFFICE: 16 St. James's Avenue
Hampton Hill
Hampton
Middlesex
TW12 1HH





REGISTERED NUMBER: 07295419 (England and Wales)





ACCOUNTANTS: Osbornes Accountants Limited
20 Market Place
Kingston
Surrey
KT1 1JP

Materials Testing And Technical Services
Ltd (Registered number: 07295419)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2 930

CURRENT ASSETS
Stocks 22,200 24,600
Debtors 5 8,978 11,566
Cash at bank 243 11,674
31,421 47,840
CREDITORS
Amounts falling due within one year 6 (36,283 ) (47,958 )
NET CURRENT LIABILITIES (4,862 ) (118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,860

)

812

PROVISIONS FOR LIABILITIES - (177 )
NET (LIABILITIES)/ASSETS (4,860 ) 635

CAPITAL AND RESERVES
Called up share capital 285 285
Retained earnings (5,145 ) 350
SHAREHOLDERS' FUNDS (4,860 ) 635

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 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.

Materials Testing And Technical Services
Ltd (Registered number: 07295419)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




C H Bradsell - Director



V G Izzard - Director


Materials Testing And Technical Services
Ltd (Registered number: 07295419)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Materials Testing And Technical Services 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.
Plant and machinery etc - 33% on cost and 25% on cost

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 Statement of Income and Retained Earnings, 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.

Going concern
At the time of approving the financial statements and in consideration of the recent events, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, the Directors have considered the working capital position, the strong financial position and the current and expected trading results of the Company. The Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Materials Testing And Technical Services
Ltd (Registered number: 07295419)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 18,137
DEPRECIATION
At 1 April 2022 17,207
Charge for year 928
At 31 March 2023 18,135
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 303 1,156
Other debtors 8,675 10,410
8,978 11,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,125 5,063
Taxation and social security 2,140 3,677
Other creditors 30,018 39,218
36,283 47,958

7. FINANCIAL COMMITMENTS

The company had financial commitments in respect of operating leases which at 31 March 2023
totalled £39,600 (2022 - £79,135).