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REGISTERED NUMBER: 03547105 (England and Wales)













MT SERVICES COMPUTER SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MT SERVICES COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03547105)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MT SERVICES COMPUTER SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R M Bristow
Mrs G L Bristow
I J Cooper
N Norton
B Clague



SECRETARY: Mrs G L Bristow



REGISTERED OFFICE: 1 Sandy Hill Park
Amington
Tamworth
Staffordshire
B77 4DU



REGISTERED NUMBER: 03547105 (England and Wales)



ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB



BANKERS: Barclays Bank plc
Leicester
Leicestershire
LE87 2BB

MT SERVICES COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03547105)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,135 104,404
Investments 5 200,000 200,000
398,135 304,404

CURRENT ASSETS
Stocks 118,151 110,232
Debtors 6 536,049 378,523
Cash at bank and in hand 416,337 658,836
1,070,537 1,147,591
CREDITORS
Amounts falling due within one year 7 416,290 317,689
NET CURRENT ASSETS 654,247 829,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,382

1,134,306

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,051,382 1,133,306
SHAREHOLDERS' FUNDS 1,052,382 1,134,306

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 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:



R M Bristow - Director


MT SERVICES COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03547105)

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

1. STATUTORY INFORMATION

MT Services Computer Systems 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost, 25% reducing balance and 15% reducing balance
Motor vehicles - 25% reducing balance
Operating lease assets - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial assets
Investments are included at fair value. Changes in fair value are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MT SERVICES COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03547105)

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

3. EMPLOYEES

The average number of employees during the year was 23 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Operating
and Motor lease
fittings vehicles assets Totals
£    £    £    £   
COST
At 1 May 2023 185,319 - 534,810 720,129
Additions 15,611 47,341 102,869 165,821
Disposals - - (366,080 ) (366,080 )
At 30 April 2024 200,930 47,341 271,599 519,870
DEPRECIATION
At 1 May 2023 160,530 - 455,195 615,725
Charge for year 4,863 5,918 61,309 72,090
Eliminated on disposal - - (366,080 ) (366,080 )
At 30 April 2024 165,393 5,918 150,424 321,735
NET BOOK VALUE
At 30 April 2024 35,537 41,423 121,175 198,135
At 30 April 2023 24,789 - 79,615 104,404

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 200,000
At 30 April 2023 200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 446,967 351,825
Other debtors 89,082 26,698
536,049 378,523

MT SERVICES COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 03547105)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105,390 69,095
Taxation and social security 87,900 89,576
Other creditors 223,000 159,018
416,290 317,689

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £134,898 (2023 - £29,714).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £8,200 (2023 - £8,200) due from a director. No interest has been charged and there are no set repayment terms.