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Registered Number: 09553119
England and Wales

 

 

 

MLT INTERNATIONAL LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Turnover 893,627    1,092,752 
Cost of sales (615,637)   (815,124)
Gross profit 277,990    277,628 
Administrative expenses (214,322)   (236,879)
Operating profit 63,668    40,749 
Other interest receivable and similar income 56,022    3,730 
Interest payable and similar charges (46,214)   (51,390)
Profit/(Loss) on ordinary activities before taxation 73,476    (6,911)
Tax on profit on ordinary activities (4,505)   4,669 
Profit/(Loss) for the financial year 68,971    (2,242)
 
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,233    1,518 
Investments 4 2   
3,235    1,518 
Current assets      
Debtors 5 421,611    326,181 
Cash at bank and in hand 16,447    6,142 
438,058    332,323 
Creditors: amount falling due within one year 6 (322,075)   (303,630)
Net current assets 115,983    28,693 
 
Total assets less current liabilities 119,218    30,211 
Creditors: amount falling due after more than one year 7 (82,846)   (62,810)
Net assets 36,372    (32,599)
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 36,370    (32,601)
Shareholders' funds 36,372    (32,599)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 April 2025 and were signed by:


-------------------------------
Mrs L Turner
Director
2
General Information
MLT INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 09553119, registration address 26 Lockyer Street, Plymouth, Devon, PL1 2QW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 rendering of services. Turnover is reduced for estimated customer credits, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.


The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.


Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.


Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.


Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Fixtures & Fittings                   25% reducing balance
Computer Equipment             4 years straight line
2.

Average number of employees

Average number of employees during the year was 34 (2023 : 47).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 May 2023 3,242    3,242 
Additions 2,794    2,794 
Disposals  
At 30 April 2024 6,036    6,036 
Depreciation
At 01 May 2023 1,724    1,724 
Charge for year 1,079    1,079 
On disposals  
At 30 April 2024 2,803    2,803 
Net book values
Closing balance as at 30 April 2024 3,233    3,233 
Opening balance as at 01 May 2023 1,518    1,518 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 May 2023  
Additions 2    2 
Transfer to/from tangible fixed assets  
Disposals  
At 30 April 2024 2    2 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 49,472    44,417 
Other Debtors 372,139    281,764 
421,611    326,181 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,500   
Bank Loans & Overdrafts 32,188    69,746 
Taxation and Social Security 226,861    138,125 
Other Creditors 55,526    95,759 
322,075    303,630 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 82,846    62,810 
82,846    62,810 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £1.00 each  
 

3