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Registered number: 08822706

















MTT Scientific Editing Ltd
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 December 2024

 
MTT Scientific Editing Ltd
 
 
Company Information


Director
Dr Man Tsuey Tse 




Registered number
08822706



Registered office
Brook House - G4
54a Cowley Mill Road

Uxbridge

UB8 2FX





 
MTT Scientific Editing Ltd
 

Contents



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
MTT Scientific Editing Ltd
Registered number:08822706

Statement of Financial Position
As at 31 December 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,278
2,173

Cash at bank and in hand
 5 
15,981
14,666

  
18,259
16,839

Creditors: amounts falling due within one year
 6 
(6,288)
(5,219)

Net current assets
  
 
 
11,971
 
 
11,620

Total assets less current liabilities
  
11,971
11,620

  

Net assets
  
11,971
11,620


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
11,970
11,619

  
11,971
11,620


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.

Dr Man Tsuey Tse
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MTT Scientific Editing Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2024

1.


General information

MTT Scientific Editing Ltd is a private company, limited by shares, domiciled in England and Wales. registration number 08822706.  The registered office is Brook House - G4, 54a Cowley Mill Road, Uxbridge UB8 2FX and its principal place of business is 119 Manor Waye Uxbridge UB8 2BG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
MTT Scientific Editing Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
MTT Scientific Editing Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
2,273
2,168

Other debtors
5
5

2,278
2,173



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,981
14,666



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
47
-

Corporation tax
306
224

Other taxation and social security
45
-

Other creditors
5,140
4,245

Accruals and deferred income
750
750

6,288
5,219


Page 4

 
MTT Scientific Editing Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) ordinary share share of £1.00
1
1



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,600 (2023 - £3,600). Contributions totalling £nil (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 5