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Company Registration No. 04892213 (England and Wales)
MRTL Limited Unaudited accounts for the year ended 30 June 2024
MRTL Limited Unaudited accounts Contents
Page
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MRTL Limited Company Information for the year ended 30 June 2024
Directors
Michael Dangerfield Rachel Dangerfield
Company Number
04892213 (England and Wales)
Registered Office
Innovation Centre St Cross Business Park Newport Isle of Wight PO30 5WB UK
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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MRTL Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,578 
34,041 
Current assets
Debtors
1,919 
16,253 
Cash at bank and in hand
2 
389 
1,921 
16,642 
Creditors: amounts falling due within one year
(49,143)
(83,608)
Net current liabilities
(47,222)
(66,966)
Total assets less current liabilities
(20,644)
(32,925)
Creditors: amounts falling due after more than one year
(14,733)
(17,332)
Net liabilities
(35,377)
(50,257)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(35,379)
(50,259)
Shareholders' funds
(35,377)
(50,257)
For the year ending 30 June 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 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 4 September 2024 and were signed on its behalf by
Michael Dangerfield Director Company Registration No. 04892213
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MRTL Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MRTL Limited is a private company, limited by shares, registered in England and Wales, registration number 04892213. The registered office is Innovation Centre, St Cross Business Park, Newport, Isle of Wight, PO30 5WB, UK.
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:
Computer equipment
20% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
44,572 
Additions
2,533 
Disposals
(719)
At 30 June 2024
46,386 
Depreciation
At 1 July 2023
10,531 
Charge for the year
9,277 
At 30 June 2024
19,808 
Net book value
At 30 June 2024
26,578 
At 30 June 2023
34,041 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,919 
16,253 
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MRTL Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,699 
9,398 
VAT
4,663 
1,621 
Trade creditors
540 
- 
Taxes and social security
(356)
3,537 
Other creditors
1,460 
(13)
Loans from directors
25,769 
53,509 
Accruals
810 
1,110 
Deferred income
12,558 
14,446 
49,143 
83,608 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,733 
17,332 
8
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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