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
Cash at bank and in hand
3,579
Creditors: amounts falling due within one year
(4,143)
Called up share capital
100
Profit and loss account
5,360
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
MRTFC Ltd
Notes to the Accounts
for the period from 2 March 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
Amounts falling due within one year
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
Taxes and social security
1,744
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.