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REGISTERED NUMBER: 14159270 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Mtek Solutions Electrical & Security Ltd

Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)






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


Mtek Solutions Electrical & Security Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K K Tuck
M A Slatcher





REGISTERED OFFICE: 7 Heather Close
Ash Vale
Aldershot
Hampshire
GU12 5EP





REGISTERED NUMBER: 14159270 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,857 30,397

CURRENT ASSETS
Debtors 5 101,548 79,475
Cash at bank 52,574 68,990
154,122 148,465
CREDITORS
Amounts falling due within one year 6 99,053 91,616
NET CURRENT ASSETS 55,069 56,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,926

87,246

PROVISIONS FOR LIABILITIES 7,600 7,600
NET ASSETS 94,326 79,646

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 94,324 79,644
94,326 79,646

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.

Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)

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 2 April 2025 and were signed on its behalf by:




M A J Slatcher - Director



K K Tuck - Director


Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)

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

1. STATUTORY INFORMATION

Mtek Solutions Electrical & Security Ltd 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.
Plant and machinery etc - 33% on cost, 25% on cost and 20% 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.

Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 39,705
Additions 35,243
At 30 June 2024 74,948
DEPRECIATION
At 1 July 2023 9,308
Charge for year 18,783
At 30 June 2024 28,091
NET BOOK VALUE
At 30 June 2024 46,857
At 30 June 2023 30,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade debtors 96,107 76,744
Other debtors 5,441 2,731
101,548 79,475

Mtek Solutions Electrical & Security Ltd (Registered number: 14159270)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade creditors 8,166 18,784
Taxation and social security 44,454 17,999
Other creditors 46,433 54,833
99,053 91,616