2023-01-01 11164387 2023-12-31 11164387 2023-01-01 2023-12-31 11164387 2022-12-31 11164387 2022-01-01 2022-12-31 11164387 uk-core:WithinOneYear 2022-12-31 11164387 uk-core:WithinOneYear 2023-12-31 11164387 uk-core:ShareCapital 2023-12-31 11164387 uk-core:ShareCapital 2022-12-31 11164387 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 11164387 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 11164387 uk-bus:Director1 2023-01-01 2023-12-31 11164387 uk-core:NetGoodwill 2023-01-01 2023-12-31 11164387 uk-core:PlantMachinery 2023-01-01 2023-12-31 11164387 uk-core:MotorCars 2023-01-01 2023-12-31 11164387 uk-core:ComputerEquipment 2023-01-01 2023-12-31 11164387 uk-core:Goodwill 2022-12-31 11164387 uk-core:Goodwill 2023-12-31 11164387 uk-core:Goodwill 2023-01-01 2023-12-31 11164387 uk-core:ComputerEquipment 2022-12-31 11164387 uk-core:MotorCars 2022-12-31 11164387 uk-core:PlantMachinery 2022-12-31 11164387 uk-core:Buildings 2022-12-31 11164387 uk-core:Buildings 2023-01-01 2023-12-31 11164387 uk-core:PlantMachinery 2023-12-31 11164387 uk-core:MotorCars 2023-12-31 11164387 uk-core:ComputerEquipment 2023-12-31 11164387 uk-core:Buildings 2023-12-31 11164387 uk-core:WithinOneYear 2023-12-31 11164387 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 11164387 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11164387 uk-bus:FRS102 2023-01-01 2023-12-31 11164387 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 11164387 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
MTEK Management Ltd
Registered Number:11164387
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
11164387
As at 31 December 2023
MTEK Management Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
18,000
2
Property, plant and equipment
183,101
204,429
3
183,101
222,429
Current assets
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)
Capital and reserves
Called up share capital
100
100
Retained earnings
(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
1 of 3
4
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.
Registered address:
Home Farm, High Street
Austerfield
Doncaster
DN10 6QU
The presentation currency is £ sterling.
1. Accounting policies
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
20% Straight line
20% Straight line
Motor Vehicles
20% Straight line
Furniture and Fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
90,000
At 31 December 2023
90,000
Amortisation
At 01 January 2023
72,000
18,000
Charge for year
At 31 December 2023
90,000
Net book value
At 31 December 2023
-
At 31 December 2022
18,000
2 of 3
5
For the year ended 31 December 2023
MTEK Management Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
286,672
732
86,649
113,720
85,571
66,276
-
25,999
40,277
-
Additions
-
(42,995)
(45,590)
(632)
Disposals
(89,217)
At 31 December 2023
108,407
69,653
732
263,731
84,939
Provision for depreciation and impairment
At 01 January 2023
82,243
353
25,929
55,961
-
Charge for year
34,781
146
13,931
20,704
-
(36,394)
-
(17,198)
(19,196)
-
On disposal
At 31 December 2023
80,630
499
22,662
57,469
-
At 31 December 2023
Net book value
84,939
50,938
46,991
233
183,101
At 31 December 2022
85,571
57,759
60,720
379
204,429
4. Trade and other receivables
2022
2023
£
£
Trade debtors
8,650
19,449
Other debtors
397
777
20,226
9,047
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
16,550
Trade creditors
884
4,003
Taxation and social security
4,109
4,798
Other creditors
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)
3 of 3