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REGISTERED NUMBER: 07322144 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MTW Consultancy Limited

MTW Consultancy Limited (Registered number: 07322144)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MTW Consultancy Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: M T Waker





SECRETARY: Mrs A N Waker





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 07322144 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

MTW Consultancy Limited (Registered number: 07322144)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,848 -
Investments 5 15,700 17,600
73,548 17,600

CURRENT ASSETS
Debtors 6 52,751 49,941
Cash at bank 38,099 48,942
90,850 98,883
CREDITORS
Amounts falling due within one year 7 98,829 50,326
NET CURRENT (LIABILITIES)/ASSETS (7,979 ) 48,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,569

66,157

CREDITORS
Amounts falling due after more than one
year

8

(49,445

)

(20,001

)

PROVISIONS FOR LIABILITIES (15,330 ) -
NET ASSETS 794 46,156

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 494 45,856
SHAREHOLDERS' FUNDS 794 46,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MTW Consultancy Limited (Registered number: 07322144)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





M T Waker - Director


MTW Consultancy Limited (Registered number: 07322144)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

MTW Consultancy 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 as modified by the revaluation of certain assets.

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 etc - 30% on reducing balance and straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 ) .

MTW Consultancy Limited (Registered number: 07322144)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 5,356
Additions 82,610
Disposals (541 )
At 30 April 2024 87,425
DEPRECIATION
At 1 May 2023 5,356
Charge for year 24,762
Eliminated on disposal (541 )
At 30 April 2024 29,577
NET BOOK VALUE
At 30 April 2024 57,848

5. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
£    £   
Other investments not loans 15,700 17,600

Additional information is as follows:
Unlisted
investments
£   
COST OR VALUATION
At 1 May 2023 6,350
Revaluations (1,900 )
At 30 April 2024 4,450
NET BOOK VALUE
At 30 April 2024 4,450
At 30 April 2023 6,350

Cost or valuation at 30 April 2024 is represented by:

Unlisted
investments
£   
Valuation in 2020 503
Valuation in 2021 5,351
Valuation in 2022 (804 )
Valuation in 2023 1,300
Valuation in 2024 (1,900 )
4,450

MTW Consultancy Limited (Registered number: 07322144)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

If the artworks and bitcoin had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 13,050 13,050

The artworks and bitcoin were valued on an open market basis on 30 April 2024 by the director .

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
£    £   
Artwork 10,250 10,250
Bitcoin 1,000 1,000
11,250 11,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 14,220 32,621
Other debtors 5,685 -
Directors' current accounts 32,846 -
Prepayments and accrued income - 17,320
52,751 49,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,519 8,519
Hire purchase contracts 18,975 -
Taxation and social security 33,335 39,535
Other creditors 38,000 2,272
98,829 50,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 37,338 -
Other creditors 12,107 20,001
49,445 20,001

MTW Consultancy Limited (Registered number: 07322144)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

30.4.24 30.4.23
£    £   
M T Waker
Balance outstanding at start of year - 37,235
Amounts advanced 32,846 -
Amounts repaid - (37,235 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,846 -