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REGISTERED NUMBER: 03710714 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

M T B Computer Services Limited

M T B Computer Services Limited (Registered number: 03710714)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M T B Computer Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Herman





SECRETARY: Mrs G Herman





REGISTERED OFFICE: MTB House
North Farm Road
Tunbridge Wells
Kent
TN2 3DH





REGISTERED NUMBER: 03710714 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

M T B Computer Services Limited (Registered number: 03710714)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,893 7,858
Investments 5 411,307 377,997
Investment property 6 250,000 250,000
667,200 635,855

CURRENT ASSETS
Debtors 7 117,530 89,016
Cash at bank 22,938 37,494
140,468 126,510
CREDITORS
Amounts falling due within one year 8 (69,677 ) (76,250 )
NET CURRENT ASSETS 70,791 50,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,991

686,115

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 737,989 686,113
SHAREHOLDERS' FUNDS 737,991 686,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

M T B Computer Services Limited (Registered number: 03710714)

Balance Sheet - continued
28 February 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 director and authorised for issue on 6 November 2023 and were signed by:





M Herman - Director


M T B Computer Services Limited (Registered number: 03710714)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

M T B Computer Services 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 as modified by the revaluation of certain assets.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Profit share income is recognised when the right to receive payment is established. Sundry receipts are recognised on a receipts basis. Insurance claim monies are recognised when the right to receive it is established.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

M T B Computer Services Limited (Registered number: 03710714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

M T B Computer Services Limited (Registered number: 03710714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 165,542
DEPRECIATION
At 1 March 2022 157,684
Charge for year 1,965
At 28 February 2023 159,649
NET BOOK VALUE
At 28 February 2023 5,893
At 28 February 2022 7,858

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.23 28.2.22
£    £   
Brought forward 377,997 348,775
Capital introduced 33,310 29,222
411,307 377,997

Investments (neither listed nor unlisted) represents the company's capital account balance in a limited liability partnership.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 250,000
NET BOOK VALUE
At 28 February 2023 250,000
At 28 February 2022 250,000

The investment property has been valued by the director and is disclosed at its fair value.

M T B Computer Services Limited (Registered number: 03710714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2017 57,152
Valuation in 2018 (50,000 )
Valuation in 2020 (11,952 )
Cost 254,800
250,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 61,245 50,427
Other debtors 56,285 38,589
117,530 89,016

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 54,516 74,222
Other creditors 15,161 2,028
69,677 76,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
200 Ordinary 1p 1p 2 2

10. RELATED PARTY DISCLOSURES

As at the balance sheet date £37,583 (2022: £37,583) was owing from a company connected to key management personnel. The loan is interest free, repayable on demand and included in debtors falling due within one year.

During the year the company leased the trading premises at a rate of £2,000 (2022: £4,000) per annum from key management personnel.