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Company Registration No. 08112623 (England and Wales)
NTM Financial Services Limited Unaudited accounts for the year ended 29 February 2024
NTM Financial Services Limited Unaudited accounts Contents
Page
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NTM Financial Services Limited Company Information for the year ended 29 February 2024
Director
N T Muir
Company Number
08112623 (England and Wales)
Registered Office
12 Cwrt Y Parc, Earlswood Road Ty Glas, Llanishen Cardiff CF14 5GH
Accountants
williams lester accountants ltd 12 Cwrt Y Parc, Earlswood Road Llanishen Cardiff Cardiff CF14 5GH
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NTM Financial Services Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,479 
3,232 
Current assets
Debtors
73,609 
78,650 
Cash at bank and in hand
276,813 
288,965 
350,422 
367,615 
Creditors: amounts falling due within one year
(109,160)
(143,199)
Net current assets
241,262 
224,416 
Net assets
243,741 
227,648 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
243,740 
227,647 
Shareholders' funds
243,741 
227,648 
For the year ending 29 February 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 20 July 2024 and were signed on its behalf by
N T Muir Director Company Registration No. 08112623
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NTM Financial Services Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
NTM Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08112623. The registered office is 12 Cwrt Y Parc, Earlswood Road, Ty Glas, Llanishen, Cardiff, CF14 5GH.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
5,600 
7,061 
13,013 
25,674 
Additions
- 
298 
- 
298 
At 29 February 2024
5,600 
7,359 
13,013 
25,972 
Depreciation
At 1 March 2023
4,030 
5,833 
12,579 
22,442 
Charge for the year
314 
305 
432 
1,051 
At 29 February 2024
4,344 
6,138 
13,011 
23,493 
Net book value
At 29 February 2024
1,256 
1,221 
2 
2,479 
At 28 February 2023
1,570 
1,228 
434 
3,232 
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NTM Financial Services Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
5,041 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
73,609 
73,609 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,398 
39,458 
Trade creditors
1,362 
5,337 
Taxes and social security
18,624 
24,347 
Other creditors
796 
793 
Loans from directors
58,980 
73,264 
109,160 
143,199 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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