Company Registration No. 06479710 (England and Wales)
MTN SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2023
MTN SOLUTIONS LTD
Unaudited accounts
Contents
MTN SOLUTIONS LTD
Company Information
for the year ended 31 March 2023
Company Number
06479710 (England and Wales)
Registered Office
WESTFIELD COTTAGE CHURCH ROAD
WINKFIELD
WINDSOR
BERKSHIRE
SL4 4SF
ENGLAND
Accountants
Ping Accounting Ltd
11a Park Street
Camberley
Surrey
GU15 3PQ
MTN SOLUTIONS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
49,539
7,758
Cash at bank and in hand
4,424
56,842
Creditors: amounts falling due within one year
(62,643)
(60,726)
Net current assets
14,096
2,153
Total assets less current liabilities
63,635
9,911
Creditors: amounts falling due after more than one year
(26,667)
(36,667)
Provisions for liabilities
Deferred tax
(10,549)
(611)
Net assets/(liabilities)
26,419
(27,367)
Called up share capital
75
75
Profit and loss account
26,344
(27,442)
Shareholders' funds
26,419
(27,367)
For the year ending 31 March 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 1 November 2023 and were signed on its behalf by
Mr Jordan Martin
Director
Company Registration No. 06479710
MTN SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
MTN SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 06479710. The registered office is WESTFIELD COTTAGE CHURCH ROAD, WINKFIELD, WINDSOR, BERKSHIRE, SL4 4SF, ENGLAND.
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:
Land & buildings
10% Straight Line
Plant & machinery
25% Straight Line
Motor vehicles
20% Reducing balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
-
4,491
11,000
3,018
18,509
Additions
12,342
2,745
29,250
3,077
47,414
At 31 March 2023
12,342
7,236
40,250
6,095
65,923
At 1 April 2022
-
2,463
5,974
2,314
10,751
Charge for the year
823
926
2,955
929
5,633
At 31 March 2023
823
3,389
8,929
3,243
16,384
At 31 March 2023
11,519
3,847
31,321
2,852
49,539
At 31 March 2022
-
2,028
5,026
704
7,758
MTN SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
17,293
4,643
Accrued income and prepayments
51,297
1,394
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
35,222
42,790
Taxes and social security
16,150
10,995
Loans from directors
422
1,651
7
Creditors: amounts falling due after more than one year
2023
2022
The Director's Loan Account has the following balance:
Mr Jordan Martin £30,695. This was paid back by the 6th September 2021.
9
Transactions with related parties
Post year end, there have been transactions with Cutting it Fine Warfield Ltd, a company where the Director and sole Shareholder is married to Jordan Martin, the sole Director and Shareholder of MTN Solutions Ltd. As at the 31st March 2023 there was a nil balance with Cutting it Fine Warfield Ltd.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).