| M T Waste Management & Manufacturing Ltd |
| Registered Number:NI042111 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
M T Waste Management & Manufacturing Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
M T Waste Management & Manufacturing Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
405,128
382,072
2
405,128
382,072
78,712
131,445
3
| Trade and other receivables |
105,078
87,504
4
93,502
| Cash and cash equivalents |
50,138
269,087
277,292
| Trade and other payables: amounts falling due within one |
| year |
(61,286)
(99,279)
5
216,006
169,808
Net current assets
| Total assets less current liabilities |
574,936
598,078
| Trade and other payables: amounts falling due after more |
| than one year |
(64,248)
(4,093)
6
(27,302)
(14,906)
| Provisions for liabilities |
543,541
Net assets
518,924
40,012
40,012
30,000
30,000
473,529
448,912
543,541
518,924
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
M T Waste Management & Manufacturing Ltd
Statement of Financial Position Continued
| Mr John Martin McArdle Director |
| These financial statements were approved and authorised for issue by the Board on 11 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
M T Waste Management & Manufacturing Ltd
Notes to the Financial Statements
Statutory Information
| M T Waste Management & Manufacturing Ltd is a private limited company, limited by shares, domiciled in Northern |
| Ireland, registration number NI042111. |
18 Rockstown Road
Cladybeg
Co Armagh
BT60 2HF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 31 December 2024
M T Waste Management & Manufacturing Ltd
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| 2. Property, plant and equipment |
1,046,404
3,567
8,884
78,706
838,709
116,538
23,990
-
-
23,990
-
-
116,538
102,696
8,884
3,567
1,070,394
838,709
| Provision for depreciation and impairment |
664,332
2,189
8,432
77,315
560,138
16,258
Charge for year
934
276
90
5,076
(5,673)
1,165
665,266
2,465
8,522
82,391
554,465
17,423
99,115
284,244
20,305
362
1,102
405,128
100,280
278,571
1,391
452
1,378
382,072
2023
2024
131,445
78,712
| 4. Trade and other receivables |
2023
2024
79,585
103,211
7,919
1,867
105,078
87,504
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For the year ended 31 December 2024
M T Waste Management & Manufacturing Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
10,648
10,648
79,921
32,024
8,710
18,614
99,279
61,286
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
4,093
14,248
-
50,000
4,093
64,248
| 7. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 11)
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