Registered number
12485116
MTZ BUILDING SERVICES LTD
Filleted Accounts
28 February 2023
MTZ BUILDING SERVICES LTD
Registered number: 12485116
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,445 -
Current assets
Debtors 4 46,069 45,926
Cash at bank and in hand 22,467 19,939
68,536 65,865
Creditors: amounts falling due within one year 5 (95,920) (62,640)
Net current (liabilities)/assets (27,384) 3,225
Net assets 1,061 3,225
Capital and reserves
Called up share capital 100 100
Profit and loss account 961 3,125
Shareholder's funds 1,061 3,225
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Walasiak
Director
Approved by the board on 28 November 2023
MTZ BUILDING SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 18% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 34,689
At 28 February 2023 34,689
Depreciation
Charge for the year 6,244
At 28 February 2023 6,244
Net book value
At 28 February 2023 28,445
4 Debtors 2023 2022
£ £
Trade debtors 22,766 37,000
Other debtors 23,303 8,926
46,069 45,926
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,390 50,000
Obligations under finance lease and hire purchase contracts 37,170 -
Trade creditors 878 -
Taxation and social security costs 18,113 12,640
Other creditors 369 -
95,920 62,640
6 Other information
MTZ BUILDING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
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