M T Miniatures Ltd 07323497 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of model making. Digita Accounts Production Advanced 6.30.9574.0 true true 07323497 2022-08-01 2023-07-31 07323497 2023-07-31 07323497 core:RetainedEarningsAccumulatedLosses 2023-07-31 07323497 core:ShareCapital 2023-07-31 07323497 core:CurrentFinancialInstruments 2023-07-31 07323497 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07323497 core:OfficeEquipment 2023-07-31 07323497 core:PlantMachinery 2023-07-31 07323497 bus:SmallEntities 2022-08-01 2023-07-31 07323497 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07323497 bus:FullAccounts 2022-08-01 2023-07-31 07323497 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07323497 bus:RegisteredOffice 2022-08-01 2023-07-31 07323497 bus:CompanySecretary1 2022-08-01 2023-07-31 07323497 bus:Director1 2022-08-01 2023-07-31 07323497 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07323497 core:OfficeEquipment 2022-08-01 2023-07-31 07323497 core:PlantMachinery 2022-08-01 2023-07-31 07323497 core:ToolsEquipment 2022-08-01 2023-07-31 07323497 countries:EnglandWales 2022-08-01 2023-07-31 07323497 2022-07-31 07323497 core:OfficeEquipment 2022-07-31 07323497 core:PlantMachinery 2022-07-31 07323497 2021-08-01 2022-07-31 07323497 2022-07-31 07323497 core:RetainedEarningsAccumulatedLosses 2022-07-31 07323497 core:ShareCapital 2022-07-31 07323497 core:CurrentFinancialInstruments 2022-07-31 07323497 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07323497 core:OfficeEquipment 2022-07-31 07323497 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07323497

M T Miniatures Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

M T Miniatures Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

M T Miniatures Ltd

Company Information

Director

M E F Tarrant

Company secretary

J Tarrant

Registered office

25 Crossfield Road
Staple Hill
Bristol
BS16 4SJ

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

M T Miniatures Ltd

(Registration number: 07323497)
Balance Sheet
31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,350

13,518

Current assets

 

Stocks

5

35,000

35,000

Cash at bank and in hand

 

337

198

 

35,337

35,198

Creditors: Amounts falling due within one year

6

(101,265)

(101,598)

Net current liabilities

 

(65,928)

(66,400)

Net liabilities

 

(56,578)

(52,882)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(56,579)

(52,883)

Shareholders' deficit

 

(56,578)

(52,882)

 

M T Miniatures Ltd

(Registration number: 07323497)
Balance Sheet
31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 April 2024
 



M E F Tarrant
Director

 

M T Miniatures Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Crossfield Road
Staple Hill
Bristol
BS16 4SJ

These financial statements were authorised for issue by the director on 14 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis with the ongoing support of the director. The major creditor in the Balance Sheet is a loan due to the director and there currently is no intention for any repayment to be made in the near future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods a in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises tax and is recognised in profit or loss.

 

M T Miniatures Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% per annum straight line basis

Moulds and masters

10-20% per annum straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

M T Miniatures Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2022

51,945

395

52,340

At 31 July 2023

51,945

395

52,340

Depreciation

At 1 August 2022

38,562

260

38,822

Charge for the year

4,038

130

4,168

At 31 July 2023

42,600

390

42,990

Carrying amount

At 31 July 2023

9,345

5

9,350

At 31 July 2022

13,383

135

13,518

5

Stocks

2023
£

2022
£

Other inventories

35,000

35,000

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

705

1,354

Other creditors

 

100,560

100,244

 

101,265

101,598

 

M T Miniatures Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 July 2023

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

705

1,354