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Company Registration No. NI695018 (Northern Ireland)
MRTFC Ltd Unaudited accounts for the period from 2 March 2023 to 31 March 2024
MRTFC Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Current assets
Inventories
2,500 
Debtors
3,524 
Cash at bank and in hand
3,579 
9,603 
Creditors: amounts falling due within one year
(4,143)
Net current assets
5,460 
Net assets
5,460 
Capital and reserves
Called up share capital
100 
Profit and loss account
5,360 
Shareholders' funds
5,460 
For the period ending 31 March 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 his 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 2 December 2024 and were signed on its behalf by
Ian Houghton Director Company Registration No. NI695018
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MRTFC Ltd Notes to the Accounts for the period from 2 March 2023 to 31 March 2024
1
Statutory information
MRTFC Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI695018. The registered office is Manta Ray, 11 Greenway, Belfast, County Antrim, BT6 0DT, Northern Ireland.
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 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.
Going concern
The director believes that the company MRTFC Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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 fast food is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
£ 
Amounts falling due within one year
VAT
3,524 
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MRTFC Ltd Notes to the Accounts for the period from 2 March 2023 to 31 March 2024
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
1,199 
Taxes and social security
1,744 
Accruals
1,200 
4,143 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
7
Average number of employees
During the period the average number of employees was 6.
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