Registered Number:11164387 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
MTEK Management Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
MTEK Management Ltd
Statement of Financial Position
2022
2023
-
18,000
2
Property, plant and equipment |
183,101
204,429
3
183,101
222,429
Trade and other receivables |
20,226
9,047
4
6,635
Cash and cash equivalents |
2,468
11,515
26,861
Trade and other payables: amounts falling due within one |
year |
(353,630)
(233,566)
5
(326,769)
(222,051)
Net current liabilities
Total assets less current liabilities |
(38,950)
(104,340)
(38,950)
Net liabilities
(104,340)
100
100
(39,050)
(104,440)
(38,950)
(104,340)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Kerry Haslam Director |
These financial statements were approved and authorised for issue by the Board on 26 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
MTEK Management Ltd
Notes to the Financial Statements
Statutory Information
MTEK Management Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 11164387. |
Home Farm, High Street
Austerfield
Doncaster
DN10 6QU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
2. Intangible fixed assets |
Goodwill
90,000
90,000
72,000
18,000
Charge for year
90,000
-
18,000
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For the year ended 31 December 2023
MTEK Management Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Motor Vehicles
286,672
732
86,649
113,720
85,571
66,276
-
25,999
40,277
-
-
(42,995)
(45,590)
(632)
(89,217)
108,407
69,653
732
263,731
84,939
Provision for depreciation and impairment |
82,243
353
25,929
55,961
-
Charge for year
34,781
146
13,931
20,704
-
(36,394)
-
(17,198)
(19,196)
-
80,630
499
22,662
57,469
-
84,939
50,938
46,991
233
183,101
85,571
57,759
60,720
379
204,429
4. Trade and other receivables |
2022
2023
8,650
19,449
397
777
20,226
9,047
5. Trade and other payables: amounts falling due within one year |
2022
2023
-
16,550
884
4,003
Taxation and social security |
4,109
4,798
228,573
328,279
233,566
353,630
6. Average number of persons employed |
During the year the average number of employees was 6 (2022 : 5)
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