Company Registration No. 08762139 (England and Wales)
MTS Contracting Limited
Unaudited accounts
for the year ended 30 November 2023
MTS Contracting Limited
Unaudited accounts
Contents
MTS Contracting Limited
Company Information
for the year ended 30 November 2023
Directors
Mark Smith
Susan Lesley Smith
Company Number
08762139 (England and Wales)
Registered Office
4 KINGFISHER RISE
STEVENAGE
HERTFORDSHIRE
SG2 9PF
MTS Contracting Limited
Statement of financial position
as at 30 November 2023
Tangible assets
16,211
18,892
Cash at bank and in hand
161,006
122,483
Creditors: amounts falling due within one year
(20,014)
(43,031)
Net current assets
185,319
167,258
Net assets
201,530
186,150
Called up share capital
2
2
Profit and loss account
201,528
186,148
Shareholders' funds
201,530
186,150
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Mark Smith
Director
Company Registration No. 08762139
MTS Contracting Limited
Notes to the Accounts
for the year ended 30 November 2023
MTS Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 08762139. The registered office is 4 KINGFISHER RISE, STEVENAGE, HERTFORDSHIRE, SG2 9PF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
46,278
29,389
16,784
6,353
98,804
Additions
-
-
-
2,264
2,264
At 30 November 2023
46,278
29,389
16,784
8,617
101,068
At 1 December 2022
39,324
24,282
13,405
2,901
79,912
Charge for the year
1,739
1,278
845
1,083
4,945
At 30 November 2023
41,063
25,560
14,250
3,984
84,857
At 30 November 2023
5,215
3,829
2,534
4,633
16,211
At 30 November 2022
6,954
5,107
3,379
3,452
18,892
MTS Contracting Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
41,332
57,526
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
15,781
(3,104)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).