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REGISTERED NUMBER: 08494749 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MTC Engineering (Cambridge) Ltd

MTC Engineering (Cambridge) Ltd (Registered number: 08494749)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MTC Engineering (Cambridge) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J T Crawley
M Brindley





REGISTERED OFFICE: Ground Floor
24 High Street
Whittlesford
Cambridge
Cambridgeshire
CB22 4LT





REGISTERED NUMBER: 08494749 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

MTC Engineering (Cambridge) Ltd (Registered number: 08494749)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 29,732
Tangible assets 5 8,311 8,370
8,311 38,102

CURRENT ASSETS
Debtors 6 168,236 204,411
Cash at bank 50,588 75,099
218,824 279,510
CREDITORS
Amounts falling due within one year 7 144,098 135,152
NET CURRENT ASSETS 74,726 144,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,037

182,460

CREDITORS
Amounts falling due after more than one
year

8

15,321

25,336
NET ASSETS 67,716 157,124

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,616 157,024
SHAREHOLDERS' FUNDS 67,716 157,124

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.

MTC Engineering (Cambridge) Ltd (Registered number: 08494749)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




M Brindley - Director



J T Crawley - Director


MTC Engineering (Cambridge) Ltd (Registered number: 08494749)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MTC Engineering (Cambridge) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MTC Engineering (Cambridge) Ltd (Registered number: 08494749)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 297,323
AMORTISATION
At 1 May 2023 267,591
Charge for year 29,732
At 30 April 2024 297,323
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 29,732

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 26,653
Additions 2,464
At 30 April 2024 29,117
DEPRECIATION
At 1 May 2023 18,283
Charge for year 2,523
At 30 April 2024 20,806
NET BOOK VALUE
At 30 April 2024 8,311
At 30 April 2023 8,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,737 186,539
Other debtors 264 -
Prepayments and accrued income 26,235 17,872
168,236 204,411

MTC Engineering (Cambridge) Ltd (Registered number: 08494749)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,599 16,160
Tax 57,077 53,375
Social security and other taxes 851 927
VAT 46,630 49,317
Other creditors 979 302
Directors' current accounts 4,962 5,071
144,098 135,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,321 25,336