M.T.C. (Ulting) Limited 00758810 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a property management company. Digita Accounts Production Advanced 6.30.9574.0 true false true 00758810 2023-05-01 2024-04-30 00758810 2024-04-30 00758810 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 00758810 core:CurrentFinancialInstruments 2024-04-30 00758810 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 00758810 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 00758810 core:LandBuildings 2024-04-30 00758810 core:OtherPropertyPlantEquipment 2024-04-30 00758810 bus:SmallEntities 2023-05-01 2024-04-30 00758810 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00758810 bus:FilletedAccounts 2023-05-01 2024-04-30 00758810 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00758810 bus:RegisteredOffice 2023-05-01 2024-04-30 00758810 bus:CompanySecretary1 2023-05-01 2024-04-30 00758810 bus:Director1 2023-05-01 2024-04-30 00758810 bus:Director3 2023-05-01 2024-04-30 00758810 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 00758810 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00758810 bus:Agent1 2023-05-01 2024-04-30 00758810 core:LandBuildings 2023-05-01 2024-04-30 00758810 core:MotorVehicles 2023-05-01 2024-04-30 00758810 core:OfficeEquipment 2023-05-01 2024-04-30 00758810 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 00758810 core:PlantMachinery 2023-05-01 2024-04-30 00758810 countries:AllCountries 2023-05-01 2024-04-30 00758810 2023-04-30 00758810 core:CostValuation 2023-04-30 00758810 core:LandBuildings 2023-04-30 00758810 core:OtherPropertyPlantEquipment 2023-04-30 00758810 2022-05-01 2023-04-30 00758810 2023-04-30 00758810 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 00758810 core:CurrentFinancialInstruments 2023-04-30 00758810 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 00758810 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 00758810 core:LandBuildings 2023-04-30 00758810 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registrar

Registration number: 00758810

M.T.C. (Ulting) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

M.T.C. (Ulting) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

M.T.C. (Ulting) Limited

Company Information

Directors

P Martin

J R Claydon

Company secretary

S Martin

Registered office

Moorcroft Estate Office
Maldon Road
Hatfield Peverel
Essex
CM3 2JP

Bankers

Barclays Bank PLC
1 Bank Street
Braintree
Essex
CM7 1UN

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

M.T.C. (Ulting) Limited

(Registration number: 00758810)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

148,740

167,098

Investments

5

350,000

350,000

 

498,740

517,098

Current assets

 

Debtors

6

109,298

163,067

Cash at bank and in hand

 

81,430

87,672

 

190,728

250,739

Creditors: Amounts falling due within one year

7

(4,158)

(4,028)

Net current assets

 

186,570

246,711

Net assets

 

685,310

763,809

Capital and reserves

 

Called up share capital

8

150,000

150,000

Other reserves

50,094

50,094

Retained earnings

485,216

563,715

Shareholders' funds

 

685,310

763,809

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

P Martin
Director

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Moorcroft Estate Office, Maldon Road, Hatfield Peverel, Essex, CM3 2JP.

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line basis

Plant & machinery

15% reducing balance basis

Office equipment

33% straight line basis

Motor vehicles

25% reducing balance basis

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

311,074

119,912

430,986

Additions

-

1,951

1,951

Disposals

-

(39,685)

(39,685)

At 30 April 2024

311,074

82,178

393,252

Depreciation

At 1 May 2023

175,784

88,104

263,888

Charge for the year

6,221

6,479

12,700

Eliminated on disposal

-

(32,076)

(32,076)

At 30 April 2024

182,005

62,507

244,512

Carrying amount

At 30 April 2024

129,069

19,671

148,740

At 30 April 2023

135,290

31,808

167,098

Included within the net book value of land and buildings above is £129,069 (2023 - £135,290) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments

350,000

350,000

Subsidiaries

£

Cost or valuation

At 1 May 2023

350,000

Provision

Carrying amount

At 30 April 2024

350,000

At 30 April 2023

350,000

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

2024
£

2023
£

Other debtors

108,692

163,067

Prepayments

606

-

 

109,298

163,067

Less non-current portion

(48,693)

(108,692)

60,605

54,375

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,587

805

Other creditors

1

-

Accruals and deferred income

1,570

3,223

4,158

4,028

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

150,000

150,000

150,000

150,000