IRIS Accounts Production v24.3.0.553 06076861 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060768612023-03-31060768612024-03-31060768612023-04-012024-03-31060768612022-03-31060768612022-04-012023-03-31060768612023-03-3106076861ns15:EnglandWales2023-04-012024-03-3106076861ns14:PoundSterling2023-04-012024-03-3106076861ns10:Director12023-04-012024-03-3106076861ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106076861ns10:SmallEntities2023-04-012024-03-3106076861ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106076861ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106076861ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106076861ns10:FullAccounts2023-04-012024-03-310607686112023-04-012024-03-3106076861ns10:CompanySecretary12023-04-012024-03-3106076861ns10:RegisteredOffice2023-04-012024-03-3106076861ns5:CurrentFinancialInstruments2024-03-3106076861ns5:CurrentFinancialInstruments2023-03-3106076861ns5:ShareCapital2024-03-3106076861ns5:ShareCapital2023-03-3106076861ns5:RetainedEarningsAccumulatedLosses2024-03-3106076861ns5:RetainedEarningsAccumulatedLosses2023-03-3106076861ns5:NetGoodwill2023-04-012024-03-3106076861ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106076861ns5:MotorVehicles2023-04-012024-03-3106076861ns5:ComputerEquipment2023-04-012024-03-3106076861ns5:NetGoodwill2023-03-3106076861ns5:NetGoodwill2024-03-3106076861ns5:NetGoodwill2023-03-3106076861ns5:MotorVehicles2023-03-3106076861ns5:ComputerEquipment2023-03-3106076861ns5:MotorVehicles2024-03-3106076861ns5:ComputerEquipment2024-03-3106076861ns5:MotorVehicles2023-03-3106076861ns5:ComputerEquipment2023-03-3106076861ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106076861ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 06076861 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

MTEK Systems Limited

MTEK Systems Limited (Registered number: 06076861)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MTEK Systems Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S M A Martin





SECRETARY: Mrs S Martin





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 06076861 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

MTEK Systems Limited (Registered number: 06076861)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 247 8,522
247 8,522

CURRENT ASSETS
Debtors 6 3,136 11,969
Cash at bank 87,593 97,447
90,729 109,416
CREDITORS
Amounts falling due within one year 7 68,213 79,089
NET CURRENT ASSETS 22,516 30,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,763

38,849

PROVISIONS FOR LIABILITIES 47 1,619
NET ASSETS 22,716 37,230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,714 37,228
SHAREHOLDERS' FUNDS 22,716 37,230

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

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

MTEK Systems Limited (Registered number: 06076861)

Balance Sheet - continued
31 March 2024


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 19 November 2024 and were signed by:





S M A Martin - Director


MTEK Systems Limited (Registered number: 06076861)

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

1. STATUTORY INFORMATION

MTEK Systems 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.


MTEK Systems Limited (Registered number: 06076861)

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

2. ACCOUNTING POLICIES - continued
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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,500
AMORTISATION
At 1 April 2023
and 31 March 2024 7,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MTEK Systems Limited (Registered number: 06076861)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 33,100 969 34,069
DEPRECIATION
At 1 April 2023 24,581 966 25,547
Charge for year 8,275 - 8,275
At 31 March 2024 32,856 966 33,822
NET BOOK VALUE
At 31 March 2024 244 3 247
At 31 March 2023 8,519 3 8,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,213 11,128
Other debtors 923 841
3,136 11,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 8,748 14,563
Other creditors 59,465 64,526
68,213 79,089

MTEK Systems Limited

Report of the Accountants to the Director of
MTEK Systems 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG


Date: .............................................