IRIS Accounts Production v24.3.2.46 12062713 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120627132023-06-30120627132024-06-30120627132023-07-012024-06-30120627132022-06-30120627132022-07-012023-06-30120627132023-06-3012062713ns15:EnglandWales2023-07-012024-06-3012062713ns14:PoundSterling2023-07-012024-06-3012062713ns10:Director12023-07-012024-06-3012062713ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012062713ns10:SmallEntities2023-07-012024-06-3012062713ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012062713ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012062713ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012062713ns10:FullAccounts2023-07-012024-06-3012062713ns10:Director22023-07-012024-06-3012062713ns10:RegisteredOffice2023-07-012024-06-3012062713ns5:CurrentFinancialInstruments2024-06-3012062713ns5:CurrentFinancialInstruments2023-06-3012062713ns5:ShareCapital2024-06-3012062713ns5:ShareCapital2023-06-3012062713ns5:RetainedEarningsAccumulatedLosses2024-06-3012062713ns5:RetainedEarningsAccumulatedLosses2023-06-3012062713ns5:FurnitureFittings2023-07-012024-06-3012062713ns5:MotorVehicles2023-07-012024-06-3012062713ns5:ComputerEquipment2023-07-012024-06-3012062713ns5:FurnitureFittings2023-06-3012062713ns5:MotorVehicles2023-06-3012062713ns5:ComputerEquipment2023-06-3012062713ns5:FurnitureFittings2024-06-3012062713ns5:MotorVehicles2024-06-3012062713ns5:ComputerEquipment2024-06-3012062713ns5:FurnitureFittings2023-06-3012062713ns5:MotorVehicles2023-06-3012062713ns5:ComputerEquipment2023-06-3012062713ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3012062713ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3012062713ns5:RetainedEarningsAccumulatedLosses2023-06-3012062713ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 12062713 (England and Wales)










Financial Statements

for the Year Ended 30 June 2024

for

MTK Management Limited

MTK Management Limited (Registered number: 12062713)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MTK Management Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs T Kashif
Mr M Kashif





REGISTERED OFFICE: 52-56 Coatsworth Road
Gateshead
NE8 1QN





REGISTERED NUMBER: 12062713 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

MTK Management Limited (Registered number: 12062713)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,440 3,362

CURRENT ASSETS
Debtors 5 4,857 1,721
Cash at bank 308 -
5,165 1,721
CREDITORS
Amounts falling due within one year 6 (2,704 ) (11,350 )
NET CURRENT ASSETS/(LIABILITIES) 2,461 (9,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,901

(6,267

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 4,900 (6,268 )
4,901 (6,267 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MTK Management Limited (Registered number: 12062713)

Balance Sheet - continued
30 June 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 1 January 2025 and were signed on its behalf by:





Mr M Kashif - Director


MTK Management Limited (Registered number: 12062713)

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

1. STATUTORY INFORMATION

MTK Management 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.

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

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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

MTK Management Limited (Registered number: 12062713)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 1,510 2,710 690 4,910
DEPRECIATION
At 1 July 2023 197 1,084 267 1,548
Charge for year 151 542 229 922
At 30 June 2024 348 1,626 496 2,470
NET BOOK VALUE
At 30 June 2024 1,162 1,084 194 2,440
At 30 June 2023 1,313 1,626 423 3,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332 332
Other debtors 1,889 1,389
Directors' current accounts 2,636 -
4,857 1,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 6,173
Corporation tax 282 -
Directors' current accounts - 2,211
Accrued expenses 2,422 2,966
2,704 11,350

7. RESERVES
Retained
earnings
£   

At 1 July 2023 (6,268 )
Profit for the year 11,168
At 30 June 2024 4,900

MTK Management Limited (Registered number: 12062713)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No dividend was paid to the director during the year (2023- NIL). The director owed the company at 30th June 2024 is £2,636 (The company owed the director at 30th June 2023 - £2,211).