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REGISTERED NUMBER: 03321982 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

FOR

M TEC (WARWICKSHIRE) LIMITED

M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 January 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M TEC (WARWICKSHIRE) LIMITED

COMPANY INFORMATION
for the Period 1 January 2022 to 31 March 2023







DIRECTOR: R C E Hopcraft





SECRETARY: Mrs S M Hopcraft





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 03321982 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

BALANCE SHEET
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,702 13,306
Investments 5 1,500,000 -
Investment property 6 225,000 225,000
1,753,702 238,306

CURRENT ASSETS
Debtors 7 1,134,178 1,192,419
Cash at bank and in hand 357,773 45,014
1,491,951 1,237,433
CREDITORS
Amounts falling due within one year 8 136,334 11,452
NET CURRENT ASSETS 1,355,617 1,225,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,109,319

1,464,287

PROVISIONS FOR LIABILITIES 5,453 2,528
NET ASSETS 3,103,866 1,461,759

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 67,966 67,966
Retained earnings 3,035,800 1,393,693
SHAREHOLDERS' FUNDS 3,103,866 1,461,759

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





R C E Hopcraft - Director


M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 January 2022 to 31 March 2023


1. STATUTORY INFORMATION

M Tec (Warwickshire) 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Taxation
Taxation for the period 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 period 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 assets of the scheme are held separately from those of the company in independently administered scheme.

M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2022 to 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2022 82,726 4,893 30,384 118,003
Additions 30,649 - - 30,649
At 31 March 2023 113,375 4,893 30,384 148,652
DEPRECIATION
At 1 January 2022 77,672 4,237 22,788 104,697
Charge for period 7,439 218 7,596 15,253
At 31 March 2023 85,111 4,455 30,384 119,950
NET BOOK VALUE
At 31 March 2023 28,264 438 - 28,702
At 31 December 2021 5,054 656 7,596 13,306

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,858,398
Impairments (358,398 )
At 31 March 2023 1,500,000
NET BOOK VALUE
At 31 March 2023 1,500,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 March 2023 225,000
NET BOOK VALUE
At 31 March 2023 225,000
At 31 December 2021 225,000

M TEC (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 03321982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2022 to 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 888 3,392
Other debtors 1,133,290 1,189,027
1,134,178 1,192,419

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Taxation and social security 126,680 1,776
Other creditors 9,654 9,676
136,334 11,452

9. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 March 2023 67,966

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account became overdrawn, the maximum amount £7,219 and the year end balance was £5,249. This has subsequently cleared.

11. RELATED PARTY DISCLOSURES

R C E Hopcraft (Director) is also the director of Greywell Property Limited and Cunnery House Limited, companies which are registered in England.

At the period end £1,126,750 (2021 £1,186,750) was due from Cunnery House Limited.

12. CONTROLLING PARTY

The controlling party is R C E Hopcraft.