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REGISTERED NUMBER: 04888903 (England and Wales)
























Unaudited Financial Statements for the Year Ended 30 September 2023

for

Mtec Freight Services Limited

Mtec Freight Services Limited (Registered number: 04888903)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mtec Freight Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C Groves
M J Heath





REGISTERED OFFICE: Unit 11 Drayton Manor Business Park
Coleshill
Tamworth
Staffordshire
B78 3TL





REGISTERED NUMBER: 04888903 (England and Wales)





ACCOUNTANTS: Jackson JMR Limited
Suite 45
Autumn Park Business Centre
Dysart Road
Grantham
Lincolnshire
NG31 7EU

Mtec Freight Services Limited (Registered number: 04888903)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,807 165,271

CURRENT ASSETS
Stocks 5,925 5,925
Debtors 5 493,030 331,905
Prepayments and accrued income 32,170 16,840
Cash at bank 58,474 136,743
589,599 491,413
CREDITORS
Amounts falling due within one year 6 235,568 187,500
NET CURRENT ASSETS 354,031 303,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,838

469,184

CREDITORS
Amounts falling due after more than one
year

7

(80,390

)

(104,839

)

PROVISIONS FOR LIABILITIES (36,904 ) (36,904 )
NET ASSETS 416,544 327,441

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 415,544 326,441
416,544 327,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mtec Freight Services Limited (Registered number: 04888903)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





M J Heath - Director


Mtec Freight Services Limited (Registered number: 04888903)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Mtec Freight 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

Mtec Freight Services Limited (Registered number: 04888903)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 536,474
Additions 78,583
Disposals (14,000 )
At 30 September 2023 601,057
DEPRECIATION
At 1 October 2022 371,203
Charge for year 62,178
Eliminated on disposal (12,131 )
At 30 September 2023 421,250
NET BOOK VALUE
At 30 September 2023 179,807
At 30 September 2022 165,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 353,702 291,904
Other debtors 139,328 40,001
493,030 331,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 31,600 35,491
Hire purchase contracts 37,119 34,982
Trade creditors 93,994 35,221
Taxation and social security 63,650 46,048
Other creditors 9,205 35,758
235,568 187,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 52,501 84,267
Hire purchase contracts 27,889 20,572
80,390 104,839