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REGISTERED NUMBER: SC407934 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MTA Education Limited

MTA Education Limited (Registered number: SC407934)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MTA Education Limited (Registered number: SC407934)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 758 947

CURRENT ASSETS
Cash at bank 4 37

CREDITORS
Amounts falling due within one year 5 (3,889 ) (4,529 )
NET CURRENT LIABILITIES (3,885 ) (4,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,127

)

(3,545

)

CREDITORS
Amounts falling due after more than one year 6 (900 ) (1,300 )
NET LIABILITIES (4,027 ) (4,845 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (4,029 ) (4,847 )
SHAREHOLDERS' FUNDS (4,027 ) (4,845 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MTA Education Limited (Registered number: SC407934)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr R A J Miller - Director


MTA Education Limited (Registered number: SC407934)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MTA Education Limited is a private company, limited by shares, domiciled in Scotland, registration
number SC407934. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth,
Stirlingshire, FK3 8WX.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services in respect of the training of hairdressers, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MTA Education Limited (Registered number: SC407934)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,850
DEPRECIATION
At 1 April 2022 903
Charge for year 189
At 31 March 2023 1,092
NET BOOK VALUE
At 31 March 2023 758
At 31 March 2022 947

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 400 400
Amounts owed to related parties 1,483 2,554
Other creditors 2,006 1,575
3,889 4,529

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 900 1,300

7. RELATED PARTY DISCLOSURES

Companies under common control

At the year end the company owed £1,483 (2022 - £2,554) to companies with common directors and shareholders.