1 October 2023 false No description of principal activity Taxfiler 2024.6 10386998business:PrivateLimitedCompanyLtd2023-10-012024-09-30 103869982023-09-30 103869982023-10-012024-09-30 10386998business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 10386998business:FilletedAccounts2023-10-012024-09-30 103869982024-09-30 10386998business:Director12023-10-012024-09-30 10386998business:Director22023-10-012024-09-30 10386998business:RegisteredOffice2023-10-012024-09-30 103869982023-09-30 10386998core:WithinOneYear2024-09-30 10386998core:WithinOneYear2023-09-30 10386998core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 10386998core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10386998core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 10386998core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10386998core:PreviouslyStatedAmount2024-09-30 10386998core:PreviouslyStatedAmount2023-09-30 10386998business:SmallEntities2023-10-012024-09-30 10386998countries:EnglandWales2023-10-012024-09-30 10386998core:ComputerEquipment2023-10-012024-09-30 10386998core:ComputerEquipment2023-09-30 10386998core:ComputerEquipment2024-09-30 103869982022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10386998 (England and Wales)
MTWENTY INTERNATIONAL LTD Unaudited accounts for the year ended 30 September 2024
MTWENTY INTERNATIONAL LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MTWENTY INTERNATIONAL LTD Company Information for the year ended 30 September 2024
Directors
Stephen Penfold Ruth Penfold
Company Number
10386998 (England and Wales)
Registered Office
18 RATHEN ROAD MANCHESTER M20 4GH UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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MTWENTY INTERNATIONAL LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
942 
1,413 
Current assets
Debtors
5
600 
607 
Cash at bank and in hand
7,778 
809 
8,378 
1,416 
Creditors: amounts falling due within one year
6
(3,312)
(2,722)
Net current assets/(liabilities)
5,066 
(1,306)
Net assets
6,008 
107 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,908 
7 
Shareholders' funds
6,008 
107 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
Stephen Penfold Director Company Registration No. 10386998
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MTWENTY INTERNATIONAL LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MTWENTY INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10386998. The registered office is 18 RATHEN ROAD, MANCHESTER, M20 4GH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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MTWENTY INTERNATIONAL LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
2,355 
At 30 September 2024
2,355 
Depreciation
At 1 October 2023
942 
Charge for the year
471 
At 30 September 2024
1,413 
Net book value
At 30 September 2024
942 
At 30 September 2023
1,413 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
600 
607 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,185 
6,391 
Loans from directors
(3,412)
(4,208)
Accruals
539 
539 
3,312 
2,722 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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