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Company Registration No. 11260448 (England and Wales)
MGT ELECTROTECH LTD Unaudited accounts for the year ended 31 March 2024
MGT ELECTROTECH LTD Unaudited accounts Contents
Page
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MGT ELECTROTECH LTD Company Information for the year ended 31 March 2024
Director
Gordon BOYD
Company Number
11260448 (England and Wales)
Registered Office
4 IVY TERRACE SOUTH MOOR STANLEY CO. DURHAM DH9 7BA UNITED KINGDOM
Accountants
Miah & Co Chartered Certified Accountants Beda House Clough Dene Stanley Co Durham DH9 9PN
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MGT ELECTROTECH LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
57,625 
56,062 
Creditors: amounts falling due within one year
(34,835)
(32,241)
Net current assets
22,790 
23,821 
Net assets
22,790 
23,821 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
21,790 
22,821 
Shareholders' funds
22,790 
23,821 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Gordon BOYD Director Company Registration No. 11260448
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MGT ELECTROTECH LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MGT ELECTROTECH LTD is a private company, limited by shares, registered in England and Wales, registration number 11260448. The registered office is 4 IVY TERRACE, SOUTH MOOR, STANLEY, CO. DURHAM, DH9 7BA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
248 
1,966 
Taxes and social security
1,635 
2,722 
Other creditors
450 
450 
Loans from directors
32,502 
27,103 
34,835 
32,241 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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