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REGISTERED NUMBER: 06365853 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

M-TECH BODYSHOP LIMITED

M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M-TECH BODYSHOP LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Hamilton





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 06365853 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,780 43,135
37,780 43,135

CURRENT ASSETS
Stocks 47,950 5,194
Debtors 6 63,317 61,074
Cash at bank and in hand 67,123 47,056
178,390 113,324
CREDITORS
Amounts falling due within one year 7 169,395 103,890
NET CURRENT ASSETS 8,995 9,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,775

52,569

CREDITORS
Amounts falling due after more than one
year

8

(12,001

)

(31,012

)

PROVISIONS FOR LIABILITIES (7,178 ) -
NET ASSETS 27,596 21,557

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 27,496 21,457
SHAREHOLDERS' FUNDS 27,596 21,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

Balance Sheet - continued
30 September 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 director and authorised for issue on 23 June 2025 and were signed by:





M Hamilton - Director


M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

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

1. STATUTORY INFORMATION

M-Tech Bodyshop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

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

2. ACCOUNTING POLICIES - continued
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.

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 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 43,750
AMORTISATION
At 1 October 2023
and 30 September 2024 43,750
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 16,424 80,205 969
Additions - - -
At 30 September 2024 16,424 80,205 969
DEPRECIATION
At 1 October 2023 14,219 68,066 443
Charge for year 441 3,035 131
At 30 September 2024 14,660 71,101 574
NET BOOK VALUE
At 30 September 2024 1,764 9,104 395
At 30 September 2023 2,205 12,139 526

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 119,398 2,389 219,385
Additions 7,102 - 7,102
At 30 September 2024 126,500 2,389 226,487
DEPRECIATION
At 1 October 2023 91,243 2,279 176,250
Charge for year 8,814 36 12,457
At 30 September 2024 100,057 2,315 188,707
NET BOOK VALUE
At 30 September 2024 26,443 74 37,780
At 30 September 2023 28,155 110 43,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 19,400 19,400
Other debtors 43,917 41,674
63,317 61,074

M-TECH BODYSHOP LIMITED (REGISTERED NUMBER: 06365853)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,332 10,077
Hire purchase contracts 8,679 8,034
Trade creditors 41,840 41,840
Tax 13,095 17,586
Social security and other taxes 8,106 7,681
VAT 57,248 13,323
Other creditors 1,413 2,775
Directors' current accounts 25,682 174
Accrued expenses 3,000 2,400
169,395 103,890

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans repayable within 1- 2 years 7,033 10,332
Bank loans repayable within 2- 5 years - 7,033
Hire purchase contracts 4,968 13,647
12,001 31,012

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100