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REGISTERED NUMBER: 09440409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

NMTF Ltd

NMTF Ltd (Registered number: 09440409)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NMTF Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J Dyson
Mr M R Gharahaghaj
Mr M A Nicholson
Mr M W Riley
Mr G Jaques
Mr R A Davis
Mr P M Gott
Mr R A Holland
Mr J F Harrison





REGISTERED OFFICE: Hampton House
Hawshaw Lane
Hoyland
Barnsley
South Yorkshire
S74 0HA





REGISTERED NUMBER: 09440409 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

NMTF Ltd (Registered number: 09440409)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,168 3,148
Tangible assets 6 528,252 541,817
529,420 544,965

CURRENT ASSETS
Stocks 9,993 2,862
Debtors 7 610,942 643,984
Cash at bank and in hand 829,840 819,720
1,450,775 1,466,566
CREDITORS
Amounts falling due within one year 8 420,643 405,584
NET CURRENT ASSETS 1,030,132 1,060,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,559,552

1,605,947

RESERVES
Income and expenditure account 1,559,552 1,605,947
MEMBERS' FUNDS 1,559,552 1,605,947

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

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 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 surplus or deficit 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.

NMTF Ltd (Registered number: 09440409)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:




Mr J Dyson - Director



Mr J F Harrison - Director


NMTF Ltd (Registered number: 09440409)

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

1. STATUTORY INFORMATION

NMTF Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

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 impact of the Covid 19 pandemic, in conjunction with the United Kingdom's departure from the EU on 1 January 2021 and the related trade agreement are consistently monitored by the directors in order for the related risks to be managed swiftly and effectively. The impact of the ongoing developments in Ukraine are also being monitored.

The company is financially secure, with a balance sheet showing net assets of £1.58m and cash at
bank of £820k. Accordingly, the directors firmly believe that the company has adequate resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis.

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

The significant judgements and estimates applied are:

- the useful lives and residual values of tangible fixed assets at the end of their useful lives

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from rendering of services is recognised immediately as the services are provided under a strict policy of no refunds and this is documented and explained at every stage of the purchase,.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost straight line
Fixtures and fittings - 20% on cost straight line
Motor vehicles - 25% on cost straight line

All fixed assets are initially recorded at cost.

NMTF Ltd (Registered number: 09440409)

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

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments
Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 9,918
AMORTISATION
At 1 January 2023 6,770
Amortisation for year 1,980
At 31 December 2023 8,750
NET BOOK VALUE
At 31 December 2023 1,168
At 31 December 2022 3,148

NMTF Ltd (Registered number: 09440409)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 555,780 98,429 116,595 770,804
Additions - 1,200 39,836 41,036
Disposals - - (41,434 ) (41,434 )
At 31 December 2023 555,780 99,629 114,997 770,406
DEPRECIATION
At 1 January 2023 90,377 70,856 67,754 228,987
Charge for year 11,016 7,669 33,192 51,877
Eliminated on disposal - - (38,710 ) (38,710 )
At 31 December 2023 101,393 78,525 62,236 242,154
NET BOOK VALUE
At 31 December 2023 454,387 21,104 52,761 528,252
At 31 December 2022 465,403 27,573 48,841 541,817

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,481 26,162
Other debtors 583,461 617,822
610,942 643,984

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 360,705 338,455
Taxation and social security 14,128 11,528
Other creditors 45,810 55,601
420,643 405,584

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,380 15,380
Between one and five years 26,915 42,295
42,295 57,675

10. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.