2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,349 999 791 2,557 717 510 198 1,029 1,528 1,632 xbrli:pure xbrli:shares iso4217:GBP 10110052 2023-05-01 2024-04-30 10110052 2024-04-30 10110052 2023-04-30 10110052 2022-05-01 2023-04-30 10110052 2023-04-30 10110052 2022-04-30 10110052 core:FurnitureFittings 2023-05-01 2024-04-30 10110052 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10110052 bus:Director1 2023-05-01 2024-04-30 10110052 core:FurnitureFittings 2023-04-30 10110052 core:FurnitureFittings 2024-04-30 10110052 core:WithinOneYear 2024-04-30 10110052 core:WithinOneYear 2023-04-30 10110052 core:ShareCapital 2024-04-30 10110052 core:ShareCapital 2023-04-30 10110052 core:RetainedEarningsAccumulatedLosses 2024-04-30 10110052 core:RetainedEarningsAccumulatedLosses 2023-04-30 10110052 core:FurnitureFittings 2023-04-30 10110052 bus:SmallEntities 2023-05-01 2024-04-30 10110052 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10110052 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10110052 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10110052 bus:FullAccounts 2023-05-01 2024-04-30 10110052 bus:OrdinaryShareClass1 2024-04-30 10110052 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 10110052
M & L Technology Ltd
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
M & L Technology Ltd
Financial Statements
Year ended 30 April 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
M & L Technology Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,528
1,632
Current assets
Debtors
6
680
480
Cash at bank and in hand
122,806
153,755
---------
---------
123,486
154,235
Creditors: amounts falling due within one year
7
( 7,265)
( 41,463)
---------
---------
Net current assets
116,221
112,772
---------
---------
Total assets less current liabilities
117,749
114,404
---------
---------
Net assets
117,749
114,404
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
117,649
114,304
---------
---------
Shareholders funds
117,749
114,404
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M & L Technology Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 24 January 2025 , and are signed on behalf of the board by:
M Shah
Director
Company registration number: 10110052
M & L Technology Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Maple Grove Business Centre, Lawrence Road, Hounslow, Middlesex, United Kingdom, TW4 6DR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
Trade receivables
Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.
Trade payables
Trade payables do not carry any interest and are stated at their original invoice value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment
£
Cost
At 1 May 2023
2,349
Additions
999
Disposals
( 791)
-------
At 30 April 2024
2,557
-------
Depreciation
At 1 May 2023
717
Charge for the year
510
Disposals
( 198)
-------
At 30 April 2024
1,029
-------
Carrying amount
At 30 April 2024
1,528
-------
At 30 April 2023
1,632
-------
6. Debtors
2024
2023
£
£
Trade debtors
200
Other debtors
480
480
----
----
680
480
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
846
274
Social security and other taxes
2,066
37,651
Other creditors
4,353
3,538
-------
--------
7,265
41,463
-------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----