Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-313false2022-11-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06569631 2022-11-01 2023-10-31 06569631 2021-11-01 2022-10-31 06569631 2023-10-31 06569631 2022-10-31 06569631 2021-11-01 06569631 c:Director2 2022-11-01 2023-10-31 06569631 d:CurrentFinancialInstruments 2023-10-31 06569631 d:CurrentFinancialInstruments 2022-10-31 06569631 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06569631 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06569631 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 06569631 d:RetainedEarningsAccumulatedLosses 2023-10-31 06569631 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 06569631 d:RetainedEarningsAccumulatedLosses 2022-10-31 06569631 d:RetainedEarningsAccumulatedLosses 2021-11-01 06569631 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 06569631 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 06569631 c:FRS102 2022-11-01 2023-10-31 06569631 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06569631 c:FullAccounts 2022-11-01 2023-10-31 06569631 c:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 06569631









MTM ABER LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
MTM ABER LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06569631

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
23,168
26,399

Cash at bank and in hand
 5 
35,721
31,949

  
58,889
58,348

Creditors: amounts falling due within one year
 6 
(63,276)
(58,373)

Net current liabilities
  
 
 
(4,387)
 
 
(25)

Total assets less current liabilities
  
(4,387)
(25)

  

Net liabilities
  
(4,387)
(25)


Capital and reserves
  

Profit and loss account
  
(4,387)
(25)

  
(4,387)
(25)


Page 1

 
MTM ABER LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06569631
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Stephen Bennett
Director

Date: 5 April 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
MTM ABER LIMITED
 
(A Company Limited by Guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Profit and loss account
Total equity

£
£

At 1 November 2022
(25)
(25)


Comprehensive income for the year

Loss for the year

(4,362)
(4,362)


Other comprehensive income for the year
-
-


Total comprehensive income for the year
(4,362)
(4,362)


Total transactions with owners
-
-


At 31 October 2023
(4,387)
(4,387)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
MTM ABER LIMITED
 
(A Company Limited by Guarantee)
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Profit and loss account
Total equity

£
£

At 1 November 2021
1,246
1,246


Comprehensive income for the year

Loss for the year

(1,271)
(1,271)


Other comprehensive income for the year
-
-


Total comprehensive income for the year
(1,271)
(1,271)


Total transactions with owners
-
-


At 31 October 2022
(25)
(25)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
MTM ABER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

MTM Aber Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Cambidge Warehouse, Argoed Lane, Kinnerley, Oswestry, Shropshire SY10 8DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
MTM ABER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
MTM ABER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Diectors
3
3


4.


Debtors

2023
2022
£
£


Trade debtors
(1,698)
(751)

Other debtors
21,599
8,394

Prepayments and accrued income
3,267
18,756

23,168
26,399



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
35,721
31,949

35,721
31,949



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
515
322

Corporation tax
247
247

Other creditors
60,923
53,838

Accruals and deferred income
1,591
3,966

63,276
58,373


Page 7

 
MTM ABER LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
35,721
31,949




Financial assets measured at fair value through profit or loss comprise bank balances.



8.


Company status

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 £1.00 towards the assets of the company in the event of liquidation.

Page 8