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Registrar

Registration number: 00758810

M.T.C. (Ulting) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2025

 

M.T.C. (Ulting) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

M.T.C. (Ulting) Limited

Company Information

Directors

P Martin

J R Claydon

Company secretary

S Martin

Registered office

Moorcroft Estate Office
Maldon Road
Hatfield Peverel
Essex
CM3 2JP

Bankers

Barclays Bank PLC
1 Bank Street
Braintree
Essex
CM7 1UN

Accountants

Lambert Chapman LLP
Chartered accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

M.T.C. (Ulting) Limited

(Registration number: 00758810)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

135,883

148,740

Investments

5

350,000

350,000

 

485,883

498,740

Current assets

 

Debtors

6

49,604

109,298

Cash at bank and in hand

 

61,704

81,430

 

111,308

190,728

Creditors: Amounts falling due within one year

7

(5,511)

(4,158)

Net current assets

 

105,797

186,570

Net assets

 

591,680

685,310

Capital and reserves

 

Called up share capital

8

150,000

150,000

Other reserves

50,094

50,094

Retained earnings

391,586

485,216

Shareholders' funds

 

591,680

685,310

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

P Martin
Director

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Moorcroft Estate Office, Maldon Road, Hatfield Peverel, Essex, CM3 2JP.

These financial statements were authorised for issue by the Board on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line basis

Plant & machinery

15% reducing balance basis

Office equipment

33% straight line basis

Motor vehicles

25% reducing balance basis

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2024

311,074

82,178

393,252

Additions

-

719

719

Disposals

-

(34,099)

(34,099)

At 30 April 2025

311,074

48,798

359,872

Depreciation

At 1 May 2024

182,005

62,507

244,512

Charge for the year

6,222

1,852

8,074

Eliminated on disposal

-

(28,597)

(28,597)

At 30 April 2025

188,227

35,762

223,989

Carrying amount

At 30 April 2025

122,847

13,036

135,883

At 30 April 2024

129,069

19,671

148,740

Included within the net book value of land and buildings above is £122,847 (2024 - £129,069) in respect of freehold land and buildings.
 

5

Investments

2025
£

2024
£

Investments

350,000

350,000

Subsidiaries

£

Cost or valuation

At 1 May 2024

350,000

Provision

Carrying amount

At 30 April 2025

350,000

At 30 April 2024

350,000

 

M.T.C. (Ulting) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Debtors

2025
£

2024
£

Other debtors

48,974

108,692

Prepayments

630

606

 

49,604

109,298

Less non-current portion

-

(48,693)

49,604

60,605

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

486

2,587

Other creditors

1,714

1

Accruals and deferred income

3,311

1,570

5,511

4,158

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

150,000

150,000

150,000

150,000