MACHINE TECHNOLOGY LIMITED

Company Registration Number:
00838106 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MACHINE TECHNOLOGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MACHINE TECHNOLOGY LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: 6 The Avenue
6 The Avenue
London
GBR
N3 2LB
Company Registration Number: 00838106 (England and Wales)

MACHINE TECHNOLOGY LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 83,403 123,460
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 48,653 ) ( 58,164 )
Operating Profit or (Loss) 34,750 65,296
Interest Receivable and Similar Income 8,230 401
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 42,980 65,697
Tax on Profit ( 8,079 ) ( 8,657 )
Profit or (Loss) for Period 34,901 57,040

The notes form part of these financial statements

MACHINE TECHNOLOGY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 640,530 640,530
Total fixed assets: 640,530 640,530
Current assets
Stocks: 17,851 10,150
Debtors: 28,871 135,126
Cash at bank and in hand: 591,102 550,530
Total current assets: 637,824 695,806
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 25,945 ) ( 118,831 )
Net current assets (liabilities): 611,879 576,975
Total assets less current liabilities: 1,252,409 1,217,505
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,252,409 1,217,505

The notes form part of these financial statements

MACHINE TECHNOLOGY LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 135 135
Revaluation reserve: 6 869,239 869,239
Profit and loss account: 383,035 348,131
Shareholders funds: 1,252,409 1,217,505

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 April 2024
And Signed On Behalf Of The Board By:

Name: Mrs ChristianeTheresia Dimont
Status: Director

The notes form part of these financial statements

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 January 2023 0
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 December 2023 0
    Amortisation
    Amortisation at 01 January 2023 0
    Charge for year 0
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 December 2023 0
    Net book value
    Net book value at 31 December 2023 0
    Net book value at 31 December 2022 0

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible Assets

Total
Cost £
At 01 January 2023 848,869
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 December 2023 848,869
Depreciation
At 01 January 2023 208,339
Charge for year 0
On disposals (0)
Other adjustments 0
At 31 December 2023 208,339
Net book value
At 31 December 2023 640,530
At 31 December 2022 640,530

MACHINE TECHNOLOGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Revaluation reserve


2023
£
Balance at 01 January 2023 869,239
Surplus or deficit after revaluation 0
Balance at 31 December 2023 869,239