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REGISTERED NUMBER: 14134712 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

MTelecoms Ltd

MTelecoms Ltd (Registered number: 14134712)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MTelecoms Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M Clouder





REGISTERED OFFICE: 1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED





REGISTERED NUMBER: 14134712 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

MTelecoms Ltd (Registered number: 14134712)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,183 3,715

CURRENT ASSETS
Debtors 5 6,590 9,235
Cash at bank 29,996 28,703
36,586 37,938
CREDITORS
Amounts falling due within one year 6 20,105 18,648
NET CURRENT ASSETS 16,481 19,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,664

23,005

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,663 23,004
19,664 23,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 9 October 2024 and were signed by:





M Clouder - Director


MTelecoms Ltd (Registered number: 14134712)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

MTelecoms Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 1 (2023 - 1 ) .

MTelecoms Ltd (Registered number: 14134712)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 150 4,200 354 4,704
Additions - - 474 474
At 31 May 2024 150 4,200 828 5,178
DEPRECIATION
At 1 June 2023 25 875 89 989
Charge for year 31 831 144 1,006
At 31 May 2024 56 1,706 233 1,995
NET BOOK VALUE
At 31 May 2024 94 2,494 595 3,183
At 31 May 2023 125 3,325 265 3,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,570 2,100
Amounts recoverable on contract - 6,950
Prepayments 20 185
6,590 9,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 12,805 14,907
VAT 6,843 3,700
Directors' current accounts 457 41
20,105 18,648

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,500 (2023 - £43,500) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Clouder.