Registered number
10262747
MTGD Software Services Limited
Unaudited Filleted Accounts
31 July 2023
MTGD Software Services Limited
Registered number: 10262747
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 149,259 151,349
Cash at bank and in hand 55,685 54,830
204,944 206,179
Creditors: amounts falling due within one year 5 (25,107) (25,567)
Net current assets 179,837 180,612
Net assets 179,837 180,612
Capital and reserves
Called up share capital 100 100
Profit and loss account 179,737 180,512
Shareholders' funds 179,837 180,612
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Rowland Hall
Director
Approved by the board on 28 March 2024
MTGD Software Services Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
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 rendering of services. 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 1,334
At 31 July 2023 1,334
Depreciation
At 1 August 2022 1,334
At 31 July 2023 1,334
Net book value
At 31 July 2023 -
4 Debtors 2023 2022
£ £
Other debtors 149,259 151,349
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 25,107 25,567
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Rowland Hall
Director's Loan Account (2,658) 25,444 (32,209) (9,423)
(2,658) 25,444 (32,209) (9,423)
7 Related party transactions
At the year end a director owed £9,422.94 (2022:£2,658.26) from the company. As of balance sheet signing date, this has been paid in full.
8 Other information
MTGD Software Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Northway
Altrincham
Cheshire
WA14 1NN
MTGD Software Services Limited 10262747 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 Rowland Hall No description of principal activity 10262747 2021-08-01 2022-07-31 10262747 core:WithinOneYear 2022-07-31 10262747 core:ShareCapital 2022-07-31 10262747 core:RetainedEarningsAccumulatedLosses 2022-07-31 10262747 2022-08-01 2023-07-31 10262747 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10262747 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10262747 bus:Director40 2022-08-01 2023-07-31 10262747 1 2022-08-01 2023-07-31 10262747 2 2022-08-01 2023-07-31 10262747 bus:Director1 2022-08-01 2023-07-31 10262747 bus:Director1 1 2022-08-01 2023-07-31 10262747 countries:England 2022-08-01 2023-07-31 10262747 bus:FRS102 2022-08-01 2023-07-31 10262747 bus:FullAccounts 2022-08-01 2023-07-31 10262747 2023-07-31 10262747 core:WithinOneYear 2023-07-31 10262747 core:ShareCapital 2023-07-31 10262747 core:RetainedEarningsAccumulatedLosses 2023-07-31 10262747 core:PlantMachinery 2023-07-31 10262747 bus:Director1 1 2023-07-31 10262747 2022-07-31 10262747 core:PlantMachinery 2022-07-31 10262747 bus:Director1 1 2022-07-31 iso4217:GBP xbrli:pure