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REGISTERED NUMBER: 09441442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

MTM ELECTRONICS LIMITED

MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MTM ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms F F Butt
Mr M Akbar





REGISTERED OFFICE: 61 Highfield Street
Leicester
LE2 1AD





REGISTERED NUMBER: 09441442 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 32 64
Investments 6 140,000 150,000
140,032 150,064

CURRENT ASSETS
Debtors 230,535 3,099
Cash at bank 91,840 262,048
322,375 265,147
CREDITORS
Amounts falling due within one year 104,550 96,444
NET CURRENT ASSETS 217,825 168,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,857

318,767

PROVISIONS FOR LIABILITIES 7,705 7,755
NET ASSETS 350,152 311,012

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 23,114 33,063
Retained earnings 326,938 277,849
SHAREHOLDERS' FUNDS 350,152 311,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 April 2024 and were signed on its behalf by:





Mr M Akbar - Director


MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Mtm Electronics 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2022
and 31 July 2023 812
DEPRECIATION
At 1 August 2022 748
Charge for year 32
At 31 July 2023 780
NET BOOK VALUE
At 31 July 2023 32
At 31 July 2022 64

MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST OR VALUATION
At 1 August 2022 150,000
Revaluations (10,000 )
At 31 July 2023 140,000
NET BOOK VALUE
At 31 July 2023 140,000
At 31 July 2022 150,000

Cost or valuation at 31 July 2023 is represented by:
Totals
£
Valuation in 2021 40,818
Valuation in 2023 (10,000 )
Cost 109,182
140,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
Mr M Akbar
Balance outstanding at start of year (19,312 ) (25,715 )
Amounts advanced 1,269 14,298
Amounts repaid (13,393 ) (7,895 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,436 ) (19,312 )

MTM ELECTRONICS LIMITED (REGISTERED NUMBER: 09441442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms F F Butt
Balance outstanding at start of year (26,912 ) (32,950 )
Amounts advanced 19,300 13,200
Amounts repaid (17,270 ) (7,162 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,882 ) (26,912 )