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Company Registration No. 12666732 (England and Wales)
MTL Support Ltd Unaudited accounts for the year ended 30 June 2024
MTL Support Ltd Unaudited accounts Contents
Page
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MTL Support Ltd Company Information for the year ended 30 June 2024
Director
A C Shephard
Company Number
12666732 (England and Wales)
Registered Office
17 NICHOLLS CLOSE REDBOURN ST. ALBANS AL3 7HZ ENGLAND
Accountants
K-VS Solutions 6 Whitehall Close Borehamwood WD6 1GL
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MTL Support Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
174 
- 
Cash at bank and in hand
372 
100 
546 
100 
Creditors: amounts falling due within one year
(612)
- 
Net current (liabilities)/assets
(66)
100 
Net (liabilities)/assets
(66)
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(166)
- 
Shareholders' funds
(66)
100 
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 director acknowledges her 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 and authorised for issue on 8 October 2024 and were signed on its behalf by
A C Shephard Director Company Registration No. 12666732
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MTL Support Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MTL Support Ltd is a private company, limited by shares, registered in England and Wales, registration number 12666732. The registered office is 17 NICHOLLS CLOSE, REDBOURN, ST. ALBANS, AL3 7HZ, ENGLAND.
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.
Presentation currency
The accounts are presented in £ sterling and all amounts have been rounded to the nearest £.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The director, who is also the sole shareholder, is continuing to support the company and is therefore of the opinion that the company is a going concern for the foreseeable future, this being at least 12 months from the date on which the balance sheet was signed.
Restatement of prior year's figures
The prior year's comparatives have been re-stated to show share capital brought forward.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
135 
- 
Deferred tax asset
39 
174 
- 
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MTL Support Ltd Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
158 
- 
Other creditors
149 
- 
Accruals
305 
- 
612 
- 
Other creditors include £149 (2023: £Nil) owed to Momentum 360 Limited, a company under common control.
6
Deferred taxation
2024 
2023 
£ 
£ 
Tax losses carried forward
(39)
- 
2024 
2023 
£ 
£ 
Credited to the profit and loss account
(39)
- 
Provision at end of year
(39)
- 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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