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REGISTERED NUMBER: 02075765 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MTD FORMWORK LIMITED

MTD FORMWORK LIMITED (REGISTERED NUMBER: 02075765)






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


MTD FORMWORK LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Simon Martin Meaney





REGISTERED OFFICE: The Timber Yard
Lucas Green Road
West End
Woking
Surrey
GU24 9YB





REGISTERED NUMBER: 02075765 (England and Wales)





ACCOUNTANTS: Andrew F Wye Limited
24 Marlyns Drive
Burpham
Guildford
Surrey
GU4 7LT

MTD FORMWORK LIMITED (REGISTERED NUMBER: 02075765)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,661 112,412

CURRENT ASSETS
Debtors 5 550,906 573,224
Investments 6 866,915 856,565
Cash at bank 3,088,587 2,434,723
4,506,408 3,864,512
CREDITORS
Amounts falling due within one year 7 713,884 600,463
NET CURRENT ASSETS 3,792,524 3,264,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,917,185

3,376,461

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,916,185 3,375,461
SHAREHOLDERS' FUNDS 3,917,185 3,376,461

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.

MTD FORMWORK LIMITED (REGISTERED NUMBER: 02075765)

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 7 January 2025 and were signed by:





Simon Martin Meaney - Director


MTD FORMWORK LIMITED (REGISTERED NUMBER: 02075765)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MTD Formwork 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MTD FORMWORK LIMITED (REGISTERED NUMBER: 02075765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 228,470 410,546 639,016
Additions - 57,500 57,500
Disposals - (36,914 ) (36,914 )
At 31 March 2024 228,470 431,132 659,602
DEPRECIATION
At 1 April 2023 228,470 298,134 526,604
Charge for year - 41,557 41,557
Eliminated on disposal - (33,220 ) (33,220 )
At 31 March 2024 228,470 306,471 534,941
NET BOOK VALUE
At 31 March 2024 - 124,661 124,661
At 31 March 2023 - 112,412 112,412

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 154,105 257,983
Other debtors 396,801 315,241
550,906 573,224

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 866,915 856,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 189,536 105,992
Taxation and social security 154,091 123,358
Other creditors 370,257 371,113
713,884 600,463