MTD MOLSITHO LIMITED

Company Registration Number:
11278764 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

MTD MOLSITHO LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MTD MOLSITHO LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Erica Murisa
Registered office: 39
39 George Street
Outwood
Wakefield
West Yorkshire
GBR
WF1 2LH
Company Registration Number: 11278764 (England and Wales)

MTD MOLSITHO LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The companies principal activity during the period was providing nursing and care services.

Political and charitable donations

The company neither made any charitable nor political donations during the period.

Company policy on the employment of disabled persons

MTD Molsitho LTD is an equal opportunities employer and is fully committed to a policy of treating all its employees and jobapplicants equally,regardless of whether they have a disability. Discrimination against disabled people is unlawful under DisabilityDiscrimination Act 1995.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Erica Murisa

This report was approved by the board of directors on 11 December 2024
And Signed On Behalf Of The Board By:

Name: Erica Murisa
Status: Director

MTD MOLSITHO LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 264 20,042
Cost of sales - ( 3,302 )
Gross Profit or (Loss) 264 16,740
Distribution Costs - ( 837 )
Administrative Expenses ( 1,288 ) ( 17,750 )
Operating Profit or (Loss) ( 1,024 ) ( 1,847 )
Interest Payable and Similar Charges ( 898 ) ( 1,096 )
Profit or (Loss) Before Tax ( 1,922 ) ( 2,943 )
Profit or (Loss) for Period ( 1,922 ) ( 2,943 )

The notes form part of these financial statements

MTD MOLSITHO LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 0
Total current assets: 0
Creditors: amounts falling due within one year: 4 ( 5,558 ) ( 3,346 )
Net current assets (liabilities): ( 5,558 ) ( 3,346 )
Total assets less current liabilities: ( 5,558 ) ( 3,346 )
Creditors: amounts falling due after more than one year: 5 ( 6,852 ) ( 7,143 )
Total net assets (liabilities): ( 12,410 ) ( 10,489 )

The notes form part of these financial statements

MTD MOLSITHO LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 12,510 ) ( 10,589 )
Shareholders funds: ( 12,410 ) ( 10,489 )

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 December 2024
And Signed On Behalf Of The Board By:

Name: Erica Murisa
Status: Director

The notes form part of these financial statements

MTD MOLSITHO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    a) Turnover
    Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added taxes. Turnover
    includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer
    returns, rebates and other similar allowances.

    b) Sale of goods
    Turnover from sale of goods is recognised when the significant risks and rewards of ownership of goods has transferred to the buyer.
    This is usually at the point that the customer has signed for delivery of goods.

    c) Rendering services
    Turnover from rendering of services is recognised by reference to the stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets and Depreciation
    Tangible fixes assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
    1. Fixtures and Fittings 25% on WDV

    Other accounting policies

    Taxation i. Income tax expense represents the sum of the tax currently payable and deferred tax. ii. The tax currently payable is basedon taxableprofit of the year. Taxable profit differs from profit as reported in the statement of comprehensive income because items ofincome or expensesthat are taxable or deductible in other year items that never taxable or deductible. The company’s liability forcurrent tax is calculated using taxrates that have been enacted or substantively enacted by the end of the reporting period. iii.Deferred tax is recognised on timing differencesbetween the carrying amounts of assets and liabilities in the financial statements andthe corresponding tax bases used in the computation oftaxable profit. Deferred tax liabilities are generally recognised for all taxabletiming differences. Deferred tax assets are generally recognised forall deductible temporary differences to the extent that is probablethat taxable profit will be available against which those deductible timingdifferences can be utilised. The carrying amount of deferredtax assets is reviewed at the end of each reporting period and reduced to the extentthat it is no longer probable that sufficient taxableprofits will be available to allow all or part of the asset to be recovered. iv. Deferred tax assetsand liabilities are measured at the taxrates that are expected to apply in the period in which the liability is settled or the asset realised, based ontax rates (and tax laws) thathave been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presentedwithin provisionsfor liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects thetaxconsequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover orsettle thecarrying amount of its assets and liabilities. v. Current or deferred tax for the year is recognised in profit or loss, exceptwhen they are related toitems that are recognised in other comprehensive income or directly in equity, in which case, the current anddeferred tax is also recognised inother comprehensive income or directly in equity respectively.

MTD MOLSITHO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 1

MTD MOLSITHO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

MTD MOLSITHO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 5,558 3,346
Total 5,558 3,346

MTD MOLSITHO LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 6,852 7,143
Total 6,852 7,143