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REGISTERED NUMBER: 07877929 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

M-TECH GT LIMITED

M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

M-TECH GT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: M S Edmonds





SECRETARY:





REGISTERED OFFICE: Unit 15 Elford Lowe Farm
Elford
Tamworth
Staffordshire
B79 9BJ





REGISTERED NUMBER: 07877929 (England and Wales)





ACCOUNTANTS: Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB

M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,914 13,732
Investments 5 1 1
33,915 13,733

CURRENT ASSETS
Debtors 6 39,762 65,064
Cash at bank 990 173
40,752 65,237
CREDITORS
Amounts falling due within one year 7 113,244 113,246
NET CURRENT LIABILITIES (72,492 ) (48,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,577

)

(34,276

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (38,578 ) (34,277 )
SHAREHOLDERS' FUNDS (38,577 ) (34,276 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





M S Edmonds - Director


M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M-Tech GT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 4,455 3,144 117,999 125,598
Additions 4,125 - 19,496 23,621
At 31 December 2023 8,580 3,144 137,495 149,219
DEPRECIATION
At 1 January 2023 3,045 2,149 106,672 111,866
Charge for year 358 249 2,832 3,439
At 31 December 2023 3,403 2,398 109,504 115,305
NET BOOK VALUE
At 31 December 2023 5,177 746 27,991 33,914
At 31 December 2022 1,410 995 11,327 13,732

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,680
Amounts owed by group undertakings 39,762 63,384
39,762 65,064

M-TECH GT LIMITED (REGISTERED NUMBER: 07877929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 2
Amounts owed to group undertakings 112,576 112,576
Other creditors 668 668
113,244 113,246

8. RELATED PARTY DISCLOSURES

M-Tech GT Limited, M-Tech Limited, M-Tech Lite Limited and Toro Loco Limited are related parties under common control, all companies being controlled 100% by Mr M Edmonds. The company was owed £39,762 (2022 £63,384) by M-Tech Limited and owed £81,532 (2021 £81,532) to M-Tech GT Limited and £31,044
(2022 £31,044) to Toro Loco Limited at the year end.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M S Edmonds.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M-TECH GT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M-Tech GT Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M-Tech GT Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M-Tech GT Limited and state those matters that we have agreed to state to the director of M-Tech GT Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M-Tech GT Limited and its director for our work or for this report.

It is your duty to ensure that M-Tech GT Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M-Tech GT Limited. You consider that M-Tech GT Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M-Tech GT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB


24 September 2024