Company Registration No. 08112623 (England and Wales)
NTM Financial Services Limited
Unaudited accounts
for the year ended 28 February 2023
NTM Financial Services Limited
Unaudited accounts
Contents
NTM Financial Services Limited
Company Information
for the year ended 28 February 2023
Company Number
08112623 (England and Wales)
Registered Office
12 Cwrt Y Parc, Earlswood Road
Ty Glas, Llanishen
Cardiff
CF14 5GH
Accountants
williams lester accountants ltd
12 Cwrt Y Parc, Earlswood Road
Llanishen
Cardiff
Cardiff
CF14 5GH
NTM Financial Services Limited
Statement of financial position
as at 28 February 2023
Tangible assets
3,232
4,360
Cash at bank and in hand
288,965
234,246
Creditors: amounts falling due within one year
(143,199)
(75,730)
Net current assets
224,416
158,516
Net assets
227,648
162,876
Called up share capital
1
1
Profit and loss account
227,647
162,875
Shareholders' funds
227,648
162,876
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
N T Muir
Director
Company Registration No. 08112623
NTM Financial Services Limited
Notes to the Accounts
for the year ended 28 February 2023
NTM Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08112623. The registered office is 12 Cwrt Y Parc, Earlswood Road, Ty Glas, Llanishen, Cardiff, CF14 5GH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
5,600
7,061
13,013
25,674
At 28 February 2023
5,600
7,061
13,013
25,674
At 1 March 2022
3,634
5,533
12,147
21,314
Charge for the year
396
300
432
1,128
At 28 February 2023
4,030
5,833
12,579
22,442
At 28 February 2023
1,570
1,228
434
3,232
At 28 February 2022
1,966
1,528
866
4,360
Amounts falling due within one year
Accrued income and prepayments
5,041
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
73,609
-
NTM Financial Services Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
39,458
49,897
Trade creditors
5,337
4,743
Taxes and social security
24,347
20,439
Loans from directors
73,264
27
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).