M-Tech Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04399133 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M-TECH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr M S Edmonds

SECRETARY:

Mrs S Edmonds

REGISTERED OFFICE:

Unit 15 Elford Lowe Farm

Elford

Tamworth

Staffordshire

B79 9BJ

REGISTERED NUMBER:

04399133 (England and Wales)

ACCOUNTANTS:

Graham Hunt & Co.

Unit 15 Hockliffe Business Pk.

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

FIXED ASSETS

Tangible assets

4

12,967

17,632

Investments

5

30,000

42,967

47,632

CURRENT ASSETS

Debtors

6

194,582

206,325

Cash at bank and in hand

32,259

46,200

226,841

252,525

CREDITORS

Amounts falling due within one year

7

288,158

287,972

NET CURRENT LIABILITIES

(61,317

)

(35,447

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,350

)

12,185

CREDITORS

Amounts falling due after more than one year

8

34,796

41,123

NET LIABILITIES

(53,146

)

(28,938

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(53,147

)

(28,939

)

SHAREHOLDERS' FUNDS

(53,146

)

(28,938

)

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 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.

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 September 2025 and were signed by:

Mr M S Edmonds - Director

1.	STATUTORY INFORMATION

M-Tech 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

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 3 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

34,114

4,281

63,899

965

103,259

DEPRECIATION

At 1 January 2024

26,573

3,797

54,867

390

85,627

Charge for year

2,143

121

2,258

143

4,665

At 31 December 2024

28,716

3,918

57,125

533

90,292

NET BOOK VALUE

At 31 December 2024

5,398

363

6,774

432

12,967

At 31 December 2023

7,541

484

9,032

575

17,632

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

30,000

NET BOOK VALUE

At 31 December 2024

30,000

At 31 December 2023

30,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

44,398

53,820

Amounts owed by group undertakings

150,184

152,505

194,582

206,325

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

71,355

78,996

Amounts owed to group undertakings

42,620

39,762

Taxation and social security

5,527

11,683

Other creditors

168,656

157,531

288,158

287,972

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other creditors

34,796

41,123

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

34,796

41,123

9.	RELATED PARTY DISCLOSURES

The company owed £39,762 (2023 £39,762) to M-Tech GT Limited and was owed 150,184 (2023 £150,363) by M-Tech Lite Limited and owed £2,858 (2023 owed by £2,142) to Toro Loco Limited at the year end. All companies are related parties being under the control of the company director Mr M Edmonds.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Edmonds.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M-Tech Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M-Tech Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M-Tech Limited and state those matters that we have agreed to state to the director of M-Tech Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M-Tech Limited and its director for our work or for this report.

It is your duty to ensure that M-Tech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M-Tech Limited. You consider that M-Tech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M-Tech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Graham Hunt & Co.

Unit 15 Hockliffe Business Pk.

Watling Street

Hockliffe

Bedfordshire

LU7 9NB

23 September 2025