2024-01-01 NI042111 2024-12-31 NI042111 2024-01-01 2024-12-31 NI042111 2023-12-31 NI042111 2023-01-01 2023-12-31 NI042111 uk-core:WithinOneYear 2023-12-31 NI042111 uk-core:WithinOneYear 2024-12-31 NI042111 uk-core:AfterOneYear 2023-12-31 NI042111 uk-core:AfterOneYear 2024-12-31 NI042111 uk-core:ShareCapital 2024-12-31 NI042111 uk-core:ShareCapital 2023-12-31 NI042111 uk-core:SharePremium 2024-12-31 NI042111 uk-core:SharePremium 2023-12-31 NI042111 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI042111 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI042111 uk-bus:Director1 2024-01-01 2024-12-31 NI042111 uk-core:LeaseholdImprovements 2024-01-01 2024-12-31 NI042111 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI042111 uk-core:ComputerEquipment 2024-01-01 2024-12-31 NI042111 uk-core:CommercialMotorVehicles 2024-01-01 2024-12-31 NI042111 uk-core:FurnitureFittings 2024-01-01 2024-12-31 NI042111 uk-core:ComputerEquipment 2023-12-31 NI042111 uk-core:FurnitureFittings 2023-12-31 NI042111 uk-core:CommercialMotorVehicles 2023-12-31 NI042111 uk-core:PlantMachinery 2023-12-31 NI042111 uk-core:LeaseholdImprovements 2023-12-31 NI042111 uk-core:LeaseholdImprovements 2024-12-31 NI042111 uk-core:CommercialMotorVehicles 2024-12-31 NI042111 uk-core:FurnitureFittings 2024-12-31 NI042111 uk-core:ComputerEquipment 2024-12-31 NI042111 uk-core:PlantMachinery 2024-12-31 NI042111 uk-core:WithinOneYear 2024-12-31 NI042111 uk-core:WithinOneYear 2023-12-31 NI042111 uk-core:AfterOneYear uk-core:Secured 2024-12-31 NI042111 uk-core:AfterOneYear uk-core:Secured 2023-12-31 iso4217:GBP xbrli:pure NI042111 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI042111 uk-bus:FRS102 2024-01-01 2024-12-31 NI042111 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 NI042111 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
M T Waste Management & Manufacturing Ltd
Registered Number:NI042111
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI042111
As at 31 December 2024
M T Waste Management & Manufacturing Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
405,128
382,072
2
405,128
382,072
Current assets
Inventories
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
Capital and reserves
Called up share capital
40,012
40,012
Share premium account
30,000
30,000
Retained earnings
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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4
Registered Number :
NI042111
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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5
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.
Registered address:
18 Rockstown Road
Cladybeg
Co Armagh
BT60 2HF
The presentation currency is £ sterling.
1. Accounting policies
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
1% Straight line
Plant and Machinery
10% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
20% Reducing balance
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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6
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
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 January
2024
1,046,404
3,567
8,884
78,706
838,709
116,538
23,990
-
-
23,990
-
-
Additions
At 31 December
2024
116,538
102,696
8,884
3,567
1,070,394
838,709
Provision for depreciation and impairment
At 01 January
2024
664,332
2,189
8,432
77,315
560,138
16,258
Charge for year
934
276
90
5,076
(5,673)
1,165
At 31 December
2024
665,266
2,465
8,522
82,391
554,465
17,423
At 31 December
2024
Net book value
99,115
284,244
20,305
362
1,102
405,128
100,280
278,571
1,391
452
1,378
382,072
At 31 December
2023
3. Inventories
2023
2024
£
£
Stocks
131,445
78,712
4. Trade and other receivables
2023
2024
£
£
Trade debtors
79,585
103,211
Other debtors
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
£
£
Bank loans and overdraft
10,648
10,648
Trade creditors
79,921
32,024
Other creditors
8,710
18,614
99,279
61,286
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
4,093
14,248
Other creditors
-
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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