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REGISTERED NUMBER: 06350672 (England and Wales)















Abridged Financial Statements for the Year Ended 31 August 2024

for

M T Automotives Limited

M T Automotives Limited (Registered number: 06350672)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


M T Automotives Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M Timothy





SECRETARY: Carrington-may Limited





REGISTERED OFFICE: 31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW





REGISTERED NUMBER: 06350672 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

M T Automotives Limited (Registered number: 06350672)

Abridged Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 16

CURRENT ASSETS
Debtors 206 1,996
Cash at bank 4,468 1,326
4,674 3,322
CREDITORS
Amounts falling due within one year 4,500 3,207
NET CURRENT ASSETS 174 115
TOTAL ASSETS LESS CURRENT
LIABILITIES

174

131

PROVISIONS FOR LIABILITIES - 3
NET ASSETS 174 128

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 173 127
SHAREHOLDERS' FUNDS 174 128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M T Automotives Limited (Registered number: 06350672)

Abridged Statement of Financial Position - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





M Timothy - Director


M T Automotives Limited (Registered number: 06350672)

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

1. STATUTORY INFORMATION

M T Automotives Limited 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.

The director has considered the cash flow position and profitability of the Company for the forthcoming year and is of the opinion that the Company will be in a break - even position . On this basis the director considers that the going concern basis of preparation to be appropriate .

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.
Motor vehicles - 25% on cost
Computer equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

M T Automotives Limited (Registered number: 06350672)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 5,500 2,027 7,527
DEPRECIATION
At 1 September 2023 5,500 2,011 7,511
Charge for year - 16 16
At 31 August 2024 5,500 2,027 7,527
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - 16 16

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owes the director the sum of £25 (2023 - £1,677 owed by the director) . £1,677 was the maximum amount outstanding during the year.Interest has not been paid or accrued on the sum outstanding.