M-Tech (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02727890 (England and Wales)

M-TECH (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

M J Brown

Mrs S E Brown

Miss V L Brown

SECRETARY:

Mrs S E Brown

REGISTERED OFFICE:

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

REGISTERED NUMBER:

02727890 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

FIXED ASSETS

Property, plant and equipment

4

673

1,179

Investments

5

100

773

1,279

CURRENT ASSETS

Debtors

6

32,563

33,173

Cash at bank and in hand

288

7,226

32,851

40,399

CREDITORS

Amounts falling due within one year

7

28,311

19,942

NET CURRENT ASSETS

4,540

20,457

TOTAL ASSETS LESS CURRENT LIABILITIES

5,313

21,736

CREDITORS

Amounts falling due after more than one year

8

165,625

112,936

NET LIABILITIES

(160,312

)

(91,200

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

(160,412

)

(91,300

)

(160,312

)

(91,200

)

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

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

M J Brown - Director

1.	GENERAL INFORMATION

M-Tech (UK) Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information on page one of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

The financial statements cover the individual entity.

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.

Preparation of consolidated financial statements

The financial statements contain information about M-Tech (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Property, plant & equipment

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant & machinery etc - 15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The company is reliant on the support of its bankers and directors, who have continued to inject personal funds into the company to meet its day to day working capital requirements. The directors will continue to support the company and have provided assurances that their loan will not be repaid within 12 months. The company has several projects in the pipeline which are progressing well but due to the industry and the value of these projects there is a lengthy timeline before the projects generate income. With these factors in mind the directors consider it appropriate to prepare the accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

19,617

DEPRECIATION

At 1 January 2024

18,438

Charge for year

506

At 31 December 2024

18,944

NET BOOK VALUE

At 31 December 2024

673

At 31 December 2023

1,179

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

40,200

PROVISIONS

At 1 January 2024

and 31 December 2024

40,100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

32,563

33,173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

23,456

6,121

Trade creditors

531

1,046

Taxation and social security

119

1,314

Other creditors

4,205

11,461

28,311

19,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

27,271

32,936

Other creditors

138,354

80,000

165,625

112,936

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

2,197

8,911

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank overdrafts

17,787

592

Bank loans

32,940

38,465

50,727

39,057

The bank loan and overdraft are secured by a fixed and floating charge over all assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class

Nominal Value

2021

2020

£

40

A Ordinary

£1

40

B Ordinary

£1

40

10

C Ordinary

£1

10

D Ordinary

£1

10

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

M J Brown and Mrs S E Brown

Balance outstanding at start of year

-

7,860

Amounts advanced

-

25,051

Amounts repaid

-

(32,911

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The directors loan is unsecured, interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Included in creditors is a directors' loan amounting to £138,354 (2023: £86,150).