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REGISTERED NUMBER: 09440409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

NMTF Ltd

NMTF Ltd (Registered number: 09440409)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NMTF Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J Dyson
Mr M R Gharahaghaj
Mr M A Nicholson
Mr M W Riley
Mr G Jaques
Mr R A Davis
Mr P M Gott
Mr J F Harrison





REGISTERED OFFICE: Hampton House
Hawshaw Lane
Hoyland
Barnsley
South Yorkshire
S74 0HA





REGISTERED NUMBER: 09440409 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

NMTF Ltd (Registered number: 09440409)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 1,168
Tangible assets 6 522,694 528,252
522,694 529,420

CURRENT ASSETS
Stocks 9,993 9,993
Debtors 7 599,382 610,942
Cash at bank and in hand 668,262 829,840
1,277,637 1,450,775
CREDITORS
Amounts falling due within one year 8 423,853 420,643
NET CURRENT ASSETS 853,784 1,030,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,376,478

1,559,552

RESERVES
Income and expenditure account 1,376,478 1,559,552
MEMBERS' FUNDS 1,376,478 1,559,552

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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.

NMTF Ltd (Registered number: 09440409)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mr J Dyson - Director



Mr J F Harrison - Director


NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

NMTF Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The impact of the Covid 19 pandemic, in conjunction with the United Kingdom's departure from the EU on 1 January 2021 and the related trade agreement are consistently monitored by the directors in order for the related risks to be managed swiftly and effectively. The impact of the ongoing developments in Ukraine are also being monitored.

The company is financially secure, with a balance sheet showing net assets of £1.38m and cash at
bank of £676k. Accordingly, the directors firmly believe that the company has adequate resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

The significant judgements and estimates applied are:

- the useful lives and residual values of tangible fixed assets at the end of their useful lives

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 rendering of services is recognised immediately as the services are provided under a strict policy of no refunds and this is documented and explained at every stage of the purchase,.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost straight line
Fixtures and fittings - 20% on cost straight line
Motor vehicles - 25% on cost straight line

All fixed assets are initially recorded at cost.

NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

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

Leasing commitments
Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 9,918
AMORTISATION
At 1 January 2024 8,750
Amortisation for year 1,168
At 31 December 2024 9,918
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1,168

NMTF Ltd (Registered number: 09440409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 555,780 99,629 114,997 770,406
Additions - 2,234 45,516 47,750
At 31 December 2024 555,780 101,863 160,513 818,156
DEPRECIATION
At 1 January 2024 101,393 78,525 62,236 242,154
Charge for year 11,016 9,473 32,819 53,308
At 31 December 2024 112,409 87,998 95,055 295,462
NET BOOK VALUE
At 31 December 2024 443,371 13,865 65,458 522,694
At 31 December 2023 454,387 21,104 52,761 528,252

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,107 27,481
Other debtors 589,275 583,461
599,382 610,942

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 366,627 360,705
Taxation and social security 9,756 14,128
Other creditors 47,470 45,810
423,853 420,643

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,962 15,380
Between one and five years 31,924 26,915
47,886 42,295

10. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.