Registered number
05412164
M & T Orthotics Ltd
Filleted Accounts
30 April 2024
M & T Orthotics Ltd
Registered number: 05412164
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 91 113
Current assets
Debtors 4 12,122 18,653
Cash at bank and in hand 7,818 17,370
19,940 36,023
Creditors: amounts falling due within one year 5 (19,662) (23,937)
Net current assets 278 12,086
Net assets 369 12,199
Capital and reserves
Called up share capital 2 2
Profit and loss account 367 12,197
Shareholders' funds 369 12,199
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Mckenzie
Director
Approved by the board on 28.01.25
M & T Orthotics Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 5,696
At 30 April 2024 5,696
Depreciation
At 1 May 2023 5,583
Charge for the year 22
At 30 April 2024 5,605
Net book value
At 30 April 2024 91
At 30 April 2023 113
4 Debtors 2024 2023
£ £
Trade debtors 7,622 18,653
Other debtors 4,500 -
12,122 18,653
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,041 1,411
Taxation and social security costs 10,037 7,021
Other creditors 5,584 15,505
19,662 23,937
6 Other information
M & T Orthotics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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