IRIS Accounts Production v24.3.2.46 07729702 Board of Directors 1.5.23 30.4.24 30.4.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077297022023-04-30077297022024-04-30077297022023-05-012024-04-30077297022021-10-31077297022021-11-012023-04-30077297022023-04-3007729702ns15:EnglandWales2023-05-012024-04-3007729702ns14:PoundSterling2023-05-012024-04-3007729702ns10:Director12023-05-012024-04-3007729702ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007729702ns10:SmallEntities2023-05-012024-04-3007729702ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007729702ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007729702ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007729702ns10:FullAccounts2023-05-012024-04-3007729702ns10:OrdinaryShareClass12023-05-012024-04-3007729702ns10:Director22023-05-012024-04-3007729702ns10:RegisteredOffice2023-05-012024-04-3007729702ns5:CurrentFinancialInstruments2024-04-3007729702ns5:CurrentFinancialInstruments2023-04-3007729702ns5:ShareCapital2024-04-3007729702ns5:ShareCapital2023-04-3007729702ns5:RetainedEarningsAccumulatedLosses2024-04-3007729702ns5:RetainedEarningsAccumulatedLosses2023-04-3007729702ns5:CostValuation2023-04-3007729702ns5:Subsidiary12023-05-012024-04-30077297021ns5:Subsidiary12023-05-012024-04-3007729702ns5:Subsidiary12024-04-3007729702ns5:Subsidiary12023-04-3007729702ns5:Subsidiary22023-05-012024-04-3007729702ns5:Subsidiary232023-05-012024-04-3007729702ns5:Subsidiary22024-04-3007729702ns5:Subsidiary22023-04-3007729702ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3007729702ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3007729702ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 07729702 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2024

FOR

MEKATEK BUSINESS GROUP LIMITED

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


MEKATEK BUSINESS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







Directors: P N Mellor
D G Lewis





Registered office: Mbg House
Unit C Maerdy Industrial Estate
Rhymney
Tredegar
NP22 5PY





Registered number: 07729702 (England and Wales)

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
Fixed assets
Investments 4 400 400

Current assets
Debtors 5 2,916,276 1,602,788
Cash at bank 46,057 767,148
2,962,333 2,369,936
Creditors
Amounts falling due within one year 6 592,397 -
Net current assets 2,369,936 2,369,936
Total assets less current liabilities 2,370,336 2,370,336

Capital and reserves
Called up share capital 7 2 2
Retained earnings 2,370,334 2,370,334
Shareholders' funds 2,370,336 2,370,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

BALANCE SHEET - continued
30TH 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 Board of Directors and authorised for issue on 23rd January 2025 and were signed on its behalf by:





P N Mellor - Director


MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. Statutory information

Mekatek Business Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Mekatek Business Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

3. Employees and directors

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

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1st May 2023
and 30th April 2024 400
Net book value
At 30th April 2024 400
At 30th April 2023 400

The company's investments at the Balance sheet date in the share capital of companies include the following:

Mekatek Limited
Registered office: Mbg House, Unit C Maerdy Industrial estate, Rhymney, NP22 5PY
Nature of business: Waste disposal
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
£ £
Aggregate capital and reserves 3,265,874 2,295,165

Eco Technology Limited
Registered office: Mbg House, Unit C Maerdy Industrial estate, Rhymney, NP22 5PY
Nature of business: Waste disposal
%
Class of shares: holding
Ordinary A 100.00
30.4.24 30.4.23
£ £
Aggregate capital and reserves 1,799,640 1,225,030

Eco Technology Limited left the group on 27th April 2023, however it remains a related party with the company retaining the 300 Ordinary A shares.

MEKATEK BUSINESS GROUP LIMITED (REGISTERED NUMBER: 07729702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. Debtors: amounts falling due within one year
30.4.24 30.4.23
£ £
Amounts owed by group undertakings - 1,063,242
Amounts owed by related undertakings 2,916,276 539,544
Prepayments & accrued income - 2
2,916,276 1,602,788

6. Creditors: amounts falling due within one year
30.4.24 30.4.23
£ £
Amounts owed to group undertakings 592,397 -

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £ £
2 Ordinary £1 2 2

8. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th April 2024.

9. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Eco Technology Limited ceased to be a wholly owned subsidiary of Mekatek Business Group Limited on 27th April 2023.


Related parties
The following transactions with related parties took place during the year, on normal commercial terms:



Sales

Purchases
Debtor
Balance
£   £   £   
Controlled, joint control or significant influence
entities

-

-

2,916,276