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Company Registration No. 11851266 (England and Wales)
MTK Med Ltd Unaudited accounts for the year ended 29 February 2024
MTK Med Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,974 
4,985 
Current assets
Debtors
100,000 
100,000 
Cash at bank and in hand
485,314 
235,082 
585,314 
335,082 
Creditors: amounts falling due within one year
(350,884)
(255,251)
Net current assets
234,430 
79,831 
Total assets less current liabilities
252,404 
84,816 
Provisions for liabilities
Deferred tax
(265)
(947)
Net assets
252,139 
83,869 
Capital and reserves
Called up share capital
15 
15 
Profit and loss account
252,124 
83,854 
Shareholders' funds
252,139 
83,869 
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 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 the year 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 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 10 September 2024 and were signed on its behalf by
Dr Mohamed Khalifa Director Company Registration No. 11851266
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MTK Med Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MTK Med Ltd is a private company, limited by shares, registered in England and Wales, registration number 11851266. The registered office is 23 The Close, Radlett , WD7 8HA, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% on cost.
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
11,606 
Additions
20,929 
At 29 February 2024
32,535 
Depreciation
At 1 March 2023
6,621 
Charge for the year
7,940 
At 29 February 2024
14,561 
Net book value
At 29 February 2024
17,974 
At 28 February 2023
4,985 
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MTK Med Ltd Notes to the Accounts for the year ended 29 February 2024
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -